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For Companies At a Glance
- Tasks: Lead risk management for innovative products and collaborate with cross-functional teams.
- Company: Join McKinsey's global Risk Operations team, driving technology and change solutions.
- Benefits: Enjoy mentorship opportunities, a dynamic work environment, and the chance to shape product risk processes.
- Why this job: Make a real impact by simplifying risk requirements and guiding teams in secure product development.
- Qualifications: 5+ years in risk management or product management; advanced degree preferred.
- Other info: Ideal for self-motivated thinkers eager to tackle complex challenges in a collaborative setting.
The predicted salary is between 48000 - 72000 £ per year.
Your Growth
You will work as part of the Firm\’s global Risk Operations and Experience (ROX) team. The team is responsible for enabling the Firm’s technology mission while managing risks to products, data, and AI. We deliver integrated technology and change solutions for the Risk function and the Firm.
Your Impact
As a Product Risk Manager, you will be responsible for providing integrative, strategic risk management advice to product owners and builders across our practices, functions, and industries. You will work hand in hand with Practice and Function leadership to ensure that the products and solutions being developed meet McKinsey’s high bar for risk management and assurance.
In this role, you will lead the evaluation and triage of higher-risk and complex products, as well as interface with cross-functional Legal, Risk, and Compliance colleagues to ensure appropriate risk review and oversight according to Firm policies and regulations. You will also lead and execute projects to improve the product risk process and collaborate with key stakeholders needed to move the product risk assessment program forward, partnering closely with the Associate Director, Product Risk.
The successful candidate will combine a deep risk-ownership mindset, strong technology expertise, and outstanding judgment to manage complex and time-critical issues and act as a peer counselor and advisor to teams seeking to build secure products. The goal of your work will be to make it as simple and clear as possible for product teams to understand risk requirements, complete risk reviews, and implement controls in products to reduce the risk of mis-development or misuse of products.
You will provide guidance, mentorship, and support to ROX team members of all levels of seniority, sharing knowledge and growing skills, as well as help to shape the team agenda and advise team members on recommended solutions. You will mentor and apprentice more junior colleagues, providing developmental support and guidance, and driving the year-end evaluation process for direct reports.
Your qualifications and skills
- University degree and excellent academic record; advanced degree or certifications preferred.
- 5+ years of relevant experience in risk management and product management, technology, or transformation/change management. Working knowledge of GenAI, product development lifecycle, or user experience is highly recommended. Familiarity with the Firm’s culture and how to drive change is a plus.
- Relevant experience leading and executing projects as part of a broader program to launch an enterprise-wide program or capability.
- Demonstrated success in creating policies or standards, defining risks and requirements, assessing risk of products, managing escalations, implementing controls to remediate risks, rolling out change management/transformation, and running compliance and consequence management.
- Expertise in product-related risks (i.e., regulations, cybersecurity, data) and up-to-date knowledge of emerging risks (e.g., GenAI).
- Self-motivated and creative thinker, willing to challenge and be challenged to learn. Excited by learning new topics and different problem-solving approaches.
- Excellent team collaboration and works well in dynamic environments to quickly adapt to changes in emerging risks and priorities.
- Sensitivity to and discretion in handling confidential information.
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Manager, Product Risk employer: McKinsey & Company, Inc.
Contact Detail:
McKinsey & Company, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager, Product Risk
✨Tip Number 1
Familiarize yourself with the latest trends in risk management and product development, especially in relation to GenAI. This knowledge will not only help you understand the role better but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the risk management and product development sectors. Engaging with others in the industry can provide insights into best practices and may even lead to referrals or recommendations for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed risks in previous roles. Highlighting your experience with complex products and your ability to collaborate with cross-functional teams will be crucial during interviews.
✨Tip Number 4
Showcase your mentorship skills by discussing any experiences where you've guided junior colleagues or led teams. This aligns well with the responsibilities of the role and demonstrates your leadership capabilities.
We think you need these skills to ace Manager, Product Risk
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Product Risk Manager position. Understand the key responsibilities and qualifications required, and think about how your experience aligns with these expectations.
Highlight Relevant Experience: In your CV and cover letter, emphasize your 5+ years of experience in risk management and product management. Provide specific examples of projects you've led that demonstrate your ability to manage complex risks and implement effective controls.
Showcase Your Skills: Make sure to highlight your knowledge of GenAI, product development lifecycle, and user experience. Discuss any relevant certifications or advanced degrees that can set you apart from other candidates.
Tailor Your Application: Customize your application materials to reflect McKinsey’s culture and values. Use language that resonates with their mission and demonstrate your understanding of their approach to risk management and product development.
How to prepare for a job interview at McKinsey & Company, Inc.
✨Understand the Risk Landscape
Make sure you have a solid grasp of the current risk management landscape, especially in relation to product development and emerging technologies like GenAI. Be prepared to discuss how these factors influence risk assessment and management.
✨Showcase Your Strategic Thinking
Demonstrate your ability to provide integrative, strategic risk management advice. Prepare examples from your past experiences where you successfully navigated complex risk scenarios and collaborated with cross-functional teams.
✨Highlight Your Mentorship Skills
Since mentoring is a key part of this role, be ready to share your experiences in guiding junior colleagues. Discuss how you've helped others grow their skills and how you approach team development.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your judgment and decision-making skills in high-pressure situations. Think about past challenges you've faced in risk management and how you resolved them effectively.
