At a Glance
- Tasks: Support and maintain the Banking Risk Management Framework while identifying and managing operational risks.
- Company: A leading Private Bank known for premium wealth management services.
- Benefits: Competitive salary, professional development opportunities, and a dynamic work environment.
- Other info: Opportunity to work with high net-worth clients and develop your career in finance.
- Why this job: Join a prestigious bank and make a real impact on risk management strategies.
- Qualifications: 3-5 years in Operational Risk within Financial Services, with RCSA experience.
The predicted salary is between 60000 - 80000 £ per year.
The Company: A leading Private Bank with a focus on servicing and advising high net-worth private clients and is a premium brand in global Wealth Management.
The Role: The Operational Risk Manager will be responsible for supporting and maintaining the Banking Risk Management Framework to ensure all risks are identified, monitored, managed, reported and, where necessary, mitigated. Support the Head of Operational Risk with the application of the Internal Control Framework (ICF) and the Banking Risk Management Framework, acting as a trusted adviser to Local Risk Owners and stakeholders to ensure risks are consistently identified, assessed, monitored and managed in line with the Banks Risk Policy and defined risk appetite.
The Operational Risk Manager will assist with the completion of the annual Risk and Control Self-Assessment (RCSA), ensuring effective identification of key risks, control gaps and remediation actions across the business. Manage related action identification, creation and remediation. Manage the Banks Control Plan using a risk-based approach to reflect the current operational risk environment, business activities and risk appetite. Manage the Banks use of the Group control reporting system, providing guidance and support to Control Owners and Performers to ensure accurate, timely and consistent risk and control data.
The Operational Risk Manager will coordinate quarterly internal controls assessments and reporting, providing independent challenge and oversight to ensure the adequacy and effectiveness of the control environment. Maintain oversight of Global Control applications, perform key control reviews and ensure timely updates to reflect regulatory changes, new products, business initiatives and updated policies and procedures. The Operational Risk Manager will oversee the monitoring, assessment, coordination and periodic reporting of operational incidents and near misses, performing periodic look back reviews to identify trends for the business to manage.
Produce clear, insightful and timely Operational Risk reports tailored to relevant stakeholders, including Executive Risk Committee and Risk & Audit Committee, highlighting key risk themes, emerging risks and control weaknesses. Manage network of Risk SME catch-ups across the Private Banking business with a view to collating and sharing relevant information and risk topics. Maintain Operational Risk related policies, standards and procedures, ensuring these are reviewed at least annually and updated as required to remain compliant with regulatory expectations and industry best practice.
The Operational Risk Manager will Deputise for the Head of Operational Risk at governance forums and committees, providing expert input and independent challenge where required.
Candidate
- 3-5 years experience in an Operational Risk role within Financial Services
- Ideally Banking
- Must have experience of Risk & Control Self Assessment processes (RCSA) and having been held accountable for this process.
- A strong understanding of Internal Control frameworks.
- Experience of regional offices would be helpful.
- Articulate and Commercially focussed.
Operational Risk Manager , Risk & Control , Private Banking in City of London employer: JJ Search
As a leading Private Bank, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee development and well-being. Our Operational Risk Manager role offers the opportunity to engage with high net-worth clients while working alongside industry experts in a supportive environment that encourages professional growth and innovation. Located in a vibrant financial hub, we provide competitive benefits and a collaborative atmosphere that empowers our employees to excel and make a meaningful impact in the world of Wealth Management.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Manager , Risk & Control , Private Banking in City of London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like JJ Search). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like JJ Search. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Operational Risk Manager , Risk & Control , Private Banking in City of London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at JJ Search.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at JJ Search. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at JJ Search
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at JJ Search to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at JJ Search, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding JJ Search's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
