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- Tasks: Manage and monitor risk in the Private Bank's front office client lifecycle.
- Company: Join a leading Private Bank with a focus on risk management.
- Benefits: 6-month contract with competitive pay and valuable experience.
- Why this job: Make a real impact by driving risk awareness and improving processes.
- Qualifications: 3+ years in Front Office Risk or Business Assurance, with Client Suitability knowledge.
- Other info: Dynamic role with opportunities to collaborate and lead change initiatives.
The predicted salary is between 48000 - 72000 £ per year.
The Front Office Risk Manager plays a critical role in the 1st Line of Defence (1LoD) supporting the Private Bank in managing and monitoring risk across the entire front office client lifecycle – from onboarding through to client management - assessing and mitigating risk.
The Front Office Risk Manager's key responsibilities include:
- Providing risk-related advice to Front Office Management and client-facing staff
- Assessment and decision-taking related to client risk-related tasks
- Delivering risk analysis and driving risk-related initiatives across the Private Bank
The role requires experience in understanding Client Suitability, regulatory requirements, business needs, and risk management principles to drive informed decision-making and mitigate potential client risks.
The Front Office Risk Manager supports the Front Office in:
- Performance of risk & control self-assessments
- Assessment and handling of operational risk incidents
- Ad hoc business risk and conduct reviews
Collaboration with 2nd and 3rd Lines of Defence, Front Management and other relevant stakeholders is essential to ensure a cohesive approach to risk management and highest quality standards. The role involves preparing and delivering Risk Analysis in collaboration to provide transparency and front office supervisory oversight to address any regulatory and quality assurance concerns.
The Front Office Risk Manager drives risk awareness and training initiatives and provides risk-related support and advice for ad-hoc projects. Coordination and interaction with various internal stakeholders (e.g. compliance, legal, etc.) is required, leading and implementing change initiatives to improve Front Office and business risk management processes and procedures, ensuring the Front Office team is adaptable to changing regulatory requirements and business needs.
The Candidate
At least 3 years of experience in a similar Front Office Risk, Business Assurance, Risk Assessment role in the Private Banking or Wealth Management sector, working closely with Private Bankers, Wealth Managers or Investment Managers is required.
Essential qualifications include:
- Client Suitability knowledge and experience
- Business exposure to AML/KYC and Suitability topics
- Understanding of Client Onboarding
- In-depth knowledge of risk management principles and practices across markets
- Strong analytical and problem-solving skills
- Ability to adapt and thrive in a dynamic environment
Front Office Risk Manager , 1LOD , Client Suitability , Private Bank , 6 month Contract in Edinburgh employer: JJ SEARCH LIMITED
Contact Detail:
JJ SEARCH LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Front Office Risk Manager , 1LOD , Client Suitability , Private Bank , 6 month Contract in Edinburgh
✨Tip Number 1
Network like a pro! Reach out to your connections in the Private Banking sector and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about roles that might not even be advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Client Suitability and risk management principles. We recommend practising common interview questions and scenarios related to risk assessment to show you’re ready to tackle the challenges head-on.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website for the best chance at landing that Front Office Risk Manager role. We make it easy for you to showcase your skills and experience directly to the hiring team!
We think you need these skills to ace Front Office Risk Manager , 1LOD , Client Suitability , Private Bank , 6 month Contract in Edinburgh
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Front Office Risk Manager role. Highlight your experience in risk management, client suitability, and any relevant regulatory knowledge. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of how you've managed risk in previous positions and how you can bring that expertise to our team.
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, make sure to highlight any relevant projects or experiences where you've used these skills. We love seeing how you approach problem-solving and decision-making in a risk context!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at JJ SEARCH LIMITED
✨Know Your Risk Management Principles
Make sure you brush up on your understanding of risk management principles and practices, especially in the context of Private Banking. Be ready to discuss how you've applied these principles in past roles, particularly around client suitability and onboarding.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical and problem-solving skills during the interview. Think of specific examples where you've assessed risks or made decisions based on data analysis. This will show that you can handle the responsibilities of the Front Office Risk Manager role.
✨Familiarise Yourself with Regulatory Requirements
Since this role involves navigating regulatory requirements, make sure you're up to speed on the latest AML/KYC regulations and how they impact client suitability. Being able to discuss these topics confidently will impress the interviewers.
✨Collaborate and Communicate
Highlight your experience working with various stakeholders, such as compliance and legal teams. Prepare examples of how you've led change initiatives or improved processes in previous roles. This will show that you can effectively collaborate across departments, which is crucial for this position.
