At a Glance
- Tasks: Manage regulatory compliance and risk for Wealth Management Europe, ensuring smooth operations.
- Company: Join a leading wealth management firm with a focus on client success and community impact.
- Benefits: Professional development, supportive leadership, and the chance to make a real difference.
- Other info: Collaborative environment with opportunities for growth and impactful work.
- Why this job: Be part of a dynamic team driving compliance and enhancing client outcomes.
- Qualifications: Experience in wealth management, strong project management skills, and attention to detail.
The predicted salary is between 60000 - 75000 £ per year.
What is the opportunity? The Chief Administration Office (CAO) supports the Wealth Management Europe (WME) business lines through three core principles. Protect implements and embeds effective first-line controls and processes within the Advice business to ensure good client outcomes from the outset. Sustain acts as the first point of contact between Front Office and Client Facing Teams (CFT), identifying and triaging issues that impact business productivity, efficiency, and performance against KPIs and KRIs. Grow identifies process-related opportunities to increase capacity for Client Facing Teams to pursue new business, including ensuring high-quality data availability, delivering front office change projects, and providing training.
We are seeking a Regulatory and Risk Manager to join the CAO on a 12 Month FTC to cover maternity leave. The role supports the organisation on regulatory matters impacting the CFT, including horizon scanning to assess impact on CFTs and clients, and implementing regulatory changes. The role holder drives compliance with policies by assessing policy changes during consultation, deploying policies, identifying new requirements, and ensuring clear communication and understanding across CFTs.
What will you do?
- Supporting the wider Client Controls team and Head of Function with regard to operational risk, Compliance Monitoring / Financial Crime actions / Controls / RCSAs, operational resilience, data privacy, data security related matters and other new regulations
- Managing Fraud Working Group issues to improve the bank amends processes and controls and supporting CFTs with live fraud cases
- 1099b forms and process - coordinating comms, client outreach and tracking outcomes
- Management of conflict‑of‑interest submissions
- Ownership of documents in the Client Literature Forum
- Supporting implementation of Policy changes / adoption of Policies (working with Compliance)
- Supporting the HMRC Audit, or other audits related to a regulatory lens
- DSAR support
- Production of MI & Reports
- Support with any impact arising from changes to Organisational set‑up impacting Senior Managers related to SMCR responsibilities
- Escalation of critical risks ahead of time and proposition of options to resolve and mitigate risk
What do you need to succeed?
- Must-have
- Experience of working in similar roles for a wealth management firm
- In‑depth understanding of the implications of adherence to regulation and policy and able to evidence experience of embedding this in a similar firm
- Proven project management skills; well organised and able to deliver good outcomes for clients and colleagues.
- Experienced and competent at managing business projects and coordinating business initiatives in a structured manner
- Numerate and able to define MI fit for purpose
- Comfortable interacting with people at all levels of the organisation and challenging demands, if necessary
- Excellent attention to detail, taking pride in high quality output
- Able to focus on priorities and follow tasks through to completion
- Nice to have
- Relevant professional qualifications
What is in it for you? We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual. Leaders who support your development through coaching and managing opportunities. Opportunities to work with the best in the field. Ability to make a difference and lasting impact. Work in a dynamic, collaborative, progressive, and high‑performing team.
Regulatory and Risk Manager - 12 Month Fixed Term Contract, Wealth Management Europe employer: Royal Bank of Canada
As a Regulatory and Risk Manager within our Wealth Management Europe team, you will join a dynamic and collaborative environment that prioritises professional growth and development. Our commitment to fostering a supportive work culture ensures that you will have access to coaching and opportunities to work alongside industry leaders, all while making a meaningful impact on client outcomes and community prosperity. With a focus on progressive thinking and high-quality output, we offer a rewarding experience for those looking to thrive in the wealth management sector.
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory and Risk Manager - 12 Month Fixed Term Contract, Wealth Management Europe
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you stand out and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your relevant experience in regulatory and risk management.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can leave a lasting impression and shows your enthusiasm for the role. Plus, it keeps you on their radar as they make their decision.
We think you need these skills to ace Regulatory and Risk Manager - 12 Month Fixed Term Contract, Wealth Management Europe
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Regulatory and Risk Manager. Highlight your experience in wealth management and any relevant regulatory knowledge. We want to see how your skills align 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. Share specific examples of how you've successfully managed compliance and risk in previous positions. We love a good story!
Showcase Your Project Management Skills:Since project management is key for this role, make sure to highlight your organisational skills and any successful projects you've led. We want to know how you’ve delivered great outcomes for clients and colleagues in the past.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Royal Bank of Canada
✨Know Your Regulations
Make sure you brush up on the latest regulations and policies relevant to wealth management. Being able to discuss how you've embedded compliance in previous roles will show that you understand the importance of these regulations and can apply them effectively.
✨Showcase Your Project Management Skills
Prepare examples of past projects where you successfully managed compliance or risk initiatives. Highlight your organisational skills and how you delivered positive outcomes, as this role requires strong project management capabilities.
✨Engage with Stakeholders
Be ready to discuss how you've interacted with various teams and stakeholders in your previous roles. This position involves liaising with Client Facing Teams, so demonstrating your ability to communicate clearly and challenge demands when necessary will be key.
✨Attention to Detail is Key
Bring examples that showcase your meticulous attention to detail. Whether it's through reports or compliance documentation, being able to illustrate how you ensure high-quality output will resonate well with the interviewers.
