Front Office Risk Manager , 1LOD , Client Suitability , Private Bank in Edinburgh, Scotland
Front Office Risk Manager , 1LOD , Client Suitability , Private Bank

Front Office Risk Manager , 1LOD , Client Suitability , Private Bank in Edinburgh, Scotland

Edinburgh +1 Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage and monitor client risk throughout the entire front office lifecycle.
  • Company: Established global Private Bank with a focus on client suitability.
  • Benefits: 6-month contract with potential for growth and valuable experience.
  • Why this job: Play a key role in risk management and make a real impact.
  • Qualifications: 3+ years in Front Office Risk or similar roles, with strong analytical skills.
  • Other info: Dynamic environment with opportunities to collaborate and lead change initiatives.

The predicted salary is between 36000 - 60000 £ per year.

Our client is an established Private Bank that operates on a global level.

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 Front Office Risk Manager 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.

Collaborates with 2nd and 3rd Lines of Defence, Front Management and other relevant stakeholders to ensure a cohesive approach to risk management and highest quality standards. Prepares and delivers 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.

The Front Office Risk Manager coordinates and interacts with various internal stakeholders (e.g. compliance, legal, etc.) 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
  • Client Suitability knowledge and experience - essential
  • Business experience, preferably with 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

Locations

Edinburgh Scotland

Front Office Risk Manager , 1LOD , Client Suitability , Private Bank in Edinburgh, Scotland employer: JJ Search Ltd

Our client is a prestigious Private Bank that values its employees by fostering a collaborative and inclusive work culture, where professional growth is encouraged through continuous training and development opportunities. Located in a vibrant financial hub, the bank offers competitive benefits and a dynamic environment that empowers Front Office Risk Managers to make impactful decisions while ensuring compliance and risk management excellence.
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Contact Detail:

JJ Search Ltd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Front Office Risk Manager , 1LOD , Client Suitability , Private Bank in Edinburgh, Scotland

✨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 personal recommendation can go a long way in landing that Front Office Risk Manager role.

✨Tip Number 2

Prepare for those interviews by brushing up on your knowledge of client suitability and risk management principles. We suggest 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 and reiterate your interest in the role. It keeps you fresh in their minds and shows your enthusiasm.

✨Tip Number 4

Apply through our website for the best chance at landing that job! We make it easy for you to showcase your skills and experience directly to the hiring team, so don’t miss out on this opportunity.

We think you need these skills to ace Front Office Risk Manager , 1LOD , Client Suitability , Private Bank in Edinburgh, Scotland

Client Suitability Knowledge
Risk Management Principles
Analytical Skills
Problem-Solving Skills
Understanding of Client Onboarding
AML/KYC Exposure
Risk Assessment
Collaboration with Stakeholders
Communication Skills
Adaptability
Training Initiatives
Operational Risk Handling
Regulatory Compliance Awareness
Business Risk Management Processes

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 client suitability and risk management, and don’t forget to mention any relevant projects or initiatives you've led.

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. Mention specific experiences that align with the job description and show us your passion for risk management in the private banking sector.

Showcase Your Analytical Skills: Since this role requires strong analytical skills, make sure to include examples of how you've used these skills in past roles. Whether it's through risk assessments or problem-solving, we want to see how you tackle challenges head-on.

Apply Through Our Website: We encourage you to apply directly 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 us you’re keen on joining our team!

How to prepare for a job interview at JJ Search Ltd

✨Know Your Risk Management Principles

Make sure you brush up on your understanding of risk management principles and practices. Be ready to discuss how these apply specifically to client suitability and onboarding processes in a private banking context.

✨Showcase Your Analytical Skills

Prepare to demonstrate your analytical and problem-solving skills with real-life examples. Think about situations where you've assessed risks or made decisions that impacted client management, and be ready to share those stories.

✨Understand Regulatory Requirements

Familiarise yourself with the regulatory requirements related to client suitability, AML, and KYC. Being able to articulate how these regulations influence risk management will show that you’re not just knowledgeable but also proactive.

✨Collaborate and Communicate

Highlight your experience working with various stakeholders, such as compliance and legal teams. Be prepared to discuss how you’ve led change initiatives and improved processes, showcasing your ability to collaborate effectively in a dynamic environment.

Front Office Risk Manager , 1LOD , Client Suitability , Private Bank in Edinburgh, Scotland
JJ Search Ltd
Location: Edinburgh

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  • Front Office Risk Manager , 1LOD , Client Suitability , Private Bank in Edinburgh, Scotland

    Edinburgh +1
    Full-Time
    36000 - 60000 £ / year (est.)
  • J

    JJ Search Ltd

    50-100
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