At a Glance
- Tasks: Manage and monitor risk in the Private Bank's front office client lifecycle.
- Company: Global Private Bank with a strong reputation in wealth management.
- Benefits: 6-month contract with competitive pay and valuable experience.
- Why this job: Make a real impact on client risk management and drive change initiatives.
- Qualifications: 3+ years in Front Office Risk or Business Assurance, with Client Suitability knowledge.
- Other info: Dynamic role with opportunities to collaborate across teams and enhance your skills.
The predicted salary is between 36000 - 60000 £ per year.
Our client is 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 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 – 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 , 6 month Contract - JJ SE[...] in Edinburgh employer: Jobster
Contact Detail:
Jobster 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 - JJ SE[...] 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 those interviews by brushing up on your knowledge of Client Suitability and risk management principles. We all know that confidence is key, so practice answering common questions and have some examples ready to showcase your experience.
✨Tip Number 3
Don’t forget to tailor your approach! When you apply through our website, make sure to highlight your relevant experience in Front Office Risk and how it aligns with the job description. Show them you’re the perfect fit for their team!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. It shows your enthusiasm for the role and gives you another chance to reiterate why you’d be a great addition to their Front Office team.
We think you need these skills to ace Front Office Risk Manager , 1LOD , Client Suitability , Private Bank , 6 month Contract - JJ SE[...] 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. Mention specific experiences that demonstrate your understanding of risk management principles and your ability to work with various stakeholders.
Showcase Your Analytical Skills: Since this role requires strong analytical and problem-solving skills, make sure to include examples in your application that showcase these abilities. We love seeing how you've tackled challenges in the past and what results you achieved!
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 makes the process smoother for everyone involved!
How to prepare for a job interview at Jobster
✨Know Your Risk Management Principles
Make sure you brush up on your understanding of risk management principles, especially as they relate to client suitability. Be ready to discuss how you've applied these principles in previous roles, particularly in the context of Private Banking or Wealth Management.
✨Showcase Your Analytical Skills
Prepare to demonstrate your strong analytical and problem-solving skills. Think of specific examples where you've successfully assessed risks or made informed 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-date with the latest AML/KYC regulations and client onboarding processes. Being able to discuss these topics confidently will impress the interviewers and show your commitment to compliance.
✨Prepare for Collaborative Scenarios
Expect questions about how you would collaborate with various stakeholders, such as Compliance and Legal teams. Think of examples from your past experiences where you led change initiatives or improved processes through teamwork. This will highlight your ability to work effectively within a cohesive risk management framework.