At a Glance
- Tasks: Support and maintain the Banking Risk Management Framework to manage operational risks.
- Company: A leading Private Bank known for premium wealth management services.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth in a prestigious financial institution.
- Why this job: Be a trusted adviser in risk management and make a real impact in banking.
- Qualifications: Experience in risk management and strong analytical skills.
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.
Operational Risk Manager, Risk & Control, Private Banking 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 a unique opportunity to engage with high net-worth clients while benefiting from comprehensive training programmes, competitive remuneration, and a supportive environment that encourages professional growth. Located in a prestigious area, our firm not only provides a premium brand experience but also promotes a collaborative atmosphere where your contributions are valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Manager, Risk & Control, Private Banking
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working in private banking or risk management. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by researching the company’s values and recent news. We want you to show that you’re not just another candidate but someone who genuinely cares about their mission and is ready to contribute.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to risk management and operational frameworks. We suggest using the STAR method (Situation, Task, Action, Result) to structure your answers effectively.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can keep you top of mind and shows your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’d be a perfect fit for the Operational Risk Manager position.
We think you need these skills to ace Operational Risk Manager, Risk & Control, Private Banking
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Operational Risk Manager role. Highlight your experience in risk management frameworks and any relevant qualifications that align with what we’re looking for.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re the perfect fit for this role. Share specific examples of how you've supported risk management initiatives in the past and how you can bring that expertise to our team.
Showcase Your Analytical Skills:As an Operational Risk Manager, analytical skills are key. In your application, mention any tools or methodologies you’ve used to identify and manage risks effectively. We want to see your problem-solving prowess!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team.
How to prepare for a job interview at JJ Search
✨Know Your Risk Management Frameworks
Familiarise yourself with the Banking Risk Management Framework and Internal Control Framework. Be ready to discuss how you’ve applied these frameworks in previous roles, as this will show your understanding of the key responsibilities of the Operational Risk Manager.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to assess risks or identify control gaps in hypothetical situations. Practise articulating your thought process clearly, demonstrating how you would approach risk identification and mitigation in line with the bank's policies.
✨Showcase Your Advisory Skills
As a trusted adviser, your ability to communicate effectively with Local Risk Owners and stakeholders is crucial. Prepare examples of how you've successfully advised teams on risk management, highlighting your interpersonal skills and ability to influence decisions.
✨Understand the Business Context
Research the private banking sector and the specific challenges it faces regarding operational risk. Being able to discuss industry trends and how they impact risk management will demonstrate your commitment and insight into the role.
