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

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

Livingston Full-Time 48000 - 72000 £ / year (est.) No home office possible
J

At a Glance

  • Tasks: Manage and monitor client risk throughout the entire front office lifecycle.
  • Company: Established global Private Bank with a strong reputation.
  • 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 Client Suitability knowledge.
  • Other info: Dynamic environment with opportunities to collaborate and drive change.

The predicted salary is between 48000 - 72000 £ per year.

Our Client
An established Private Bank that operates on a global level.

The Role
This role is a 6-month contract role. 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. 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 the likes of Private Bankers, Wealth Managers or Investment Managers. Client Suitability knowledge and experience - essential. Business, 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.

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

As a leading Private Bank with a global presence, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee growth and development. Our Front Office Risk Manager role offers the opportunity to engage in meaningful risk management initiatives while collaborating with diverse teams, ensuring you are well-supported in your career journey. With a strong emphasis on training and professional development, we empower our employees to thrive in a fast-paced environment, making us an exceptional employer for those seeking impactful and rewarding careers.
J

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 Livingston

✨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 forget to showcase your analytical skills! During interviews, be ready to discuss specific examples where you've successfully assessed and mitigated risks. This will demonstrate your hands-on experience and problem-solving abilities.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. So, get your application in and let’s make it happen!

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

Client Suitability Knowledge
Risk Management Principles
Regulatory Requirements Understanding
Analytical Skills
Problem-Solving Skills
Operational Risk Assessment
Risk Analysis
Communication Skills
Collaboration with Stakeholders
Adaptability
Change Management
AML/KYC Knowledge
Client Onboarding Understanding
Risk Awareness Training

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, as these are key for us. Use specific examples that showcase your skills and achievements in similar roles.

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 your understanding of regulatory requirements and how you've successfully managed risks in the past. Keep it concise but impactful!

Showcase Relevant Experience: When filling out your application, make sure to emphasise your experience in Private Banking or Wealth Management. We want to see how you've worked closely with Private Bankers or Wealth Managers, so don’t hold back on those details!

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 you’re keen on joining our team at StudySmarter!

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, especially as they relate to client suitability. Be ready to discuss how you've applied these principles in past roles, particularly in a front office environment.

✨Showcase Your Analytical Skills

Prepare to demonstrate your strong analytical and problem-solving skills. 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 role effectively.

✨Understand Regulatory Requirements

Familiarise yourself with the regulatory requirements surrounding client onboarding and suitability. Be prepared to discuss how you've navigated these regulations in previous positions, as this knowledge is crucial for the Front Office Risk Manager role.

✨Collaborate and Communicate

Highlight your experience working with various stakeholders, such as compliance and legal teams. Be ready to share examples of how you've led change initiatives or improved processes through collaboration, as this is key to succeeding in the role.

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

Land your dream job quicker with Premium

You’re marked as a top applicant with our partner companies
Individual CV and cover letter feedback including tailoring to specific job roles
Be among the first applications for new jobs with our AI application
1:1 support and career advice from our career coaches
Go Premium

Money-back if you don't land a job in 6-months

J
  • Front Office Risk Manager , 1LOD , Client Suitability , Private Bank in Livingston

    Livingston
    Full-Time
    48000 - 72000 £ / year (est.)
  • J

    JJ Search Ltd

    50-100
Similar positions in other companies
UK’s top job board for Gen Z
discover-jobs-cta
Discover now
>