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- Tasks: Lead risk management and support strategic decision-making in a dynamic financial services firm.
- Company: Fast-growing Financial Services firm with a supportive culture.
- Benefits: Clear career progression to SMF4, competitive salary, and a collaborative team environment.
- Why this job: Step into your first Head of Risk role with mentorship from a respected Chief Risk Officer.
- Qualifications: Experienced Risk Manager with a background in Financial Services and team leadership skills.
- Other info: Fully office-based role in vibrant Manchester City Centre.
The predicted salary is between 36000 - 60000 £ per year.
Your first Head of Risk role, that’s what. And a clear path to the SMF4 role when you’re ready. It’s been a frustrating market for anyone looking to step up into a Head of Risk role, let alone their 1st SMF4 position, with most employers tending to replace like with like, focusing on those already experienced at this level. But this forward-thinking client sees this position as an ideal opportunity for you to make that step up. You’ll be reporting into a very highly respected Chief Risk Officer who’ll provide you with all the support you need to be successful. Come in as Head of Risk, without the added responsibility of the SMF4 function. And then take on the SMF4 position when you’re happy and ready to do so. Yes, you can have your cake and eat it!
What you’ll be doing:
- You’ll be working for an established, successful Financial Services firm that has seen revenues double in the last 3 years.
- Managing a small team of 5, you’ll own the Enterprise Risk Management Framework and develop, embed and monitor the Risk Appetite framework, including KRIs and tolerances.
- You’ll lead and support risk identification, assessment and reporting across all business areas and produce high quality risk reporting for the Board and Committees, including emerging risk analysis.
- You’ll provide independent challenge to business strategy and new product development and support stress and scenario testing and capital risk assessment.
- You’ll also oversee the ORSA process.
What we’re looking for:
- You’ll be an experienced Risk Manager from the Financial Services sector; we’re not hung up on any specific market experience as long as you’ve been working in FS for a number of years.
- You’ll have a proven track record of managing and developing small teams and will be able to demonstrate the ability to act as a trusted and pragmatic business partner with experience of successfully challenging senior management as and when required.
- Experience of working in a PRA-regulated environment would be advantageous.
Please note this is a fully office-based role and so you must be able to commute into the firm’s Head Office in Manchester City Centre 5 days a week.
Interested? If so, click apply and send over your CV.
Head of Risk employer: Willow Resourcing
Contact Detail:
Willow Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk
✨Tip Number 1
Network like a pro! Reach out to your connections in the Financial Services sector and let them know you're on the lookout for a Head of Risk role. You never know who might have the inside scoop on opportunities or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your risk management knowledge and current trends in the industry. Be ready to discuss how you've successfully challenged senior management in the past, as this will show you're the pragmatic partner they're looking for.
✨Tip Number 3
Don’t just apply anywhere; focus on firms that align with your values and career goals. Check out our website for tailored job listings that suit your experience and aspirations, making it easier for you to find the right fit.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Use this opportunity to reiterate your enthusiasm for the role and how you can contribute to their success.
We think you need these skills to ace Head of Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Risk role. Highlight your experience in risk management and any relevant achievements that align with what we're looking for. This shows us you’re serious about stepping up!
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 and how your background in Financial Services makes you a strong candidate. Keep it engaging and personal!
Showcase Your Leadership Skills: Since you'll be managing a small team, it's crucial to demonstrate your leadership experience. Share examples of how you've successfully led teams or projects in the past, and how you can bring that to our firm.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications better and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Willow Resourcing
✨Know Your Risk Frameworks
Make sure you’re well-versed in Enterprise Risk Management and Risk Appetite frameworks. Be ready to discuss how you've developed and monitored these in your previous roles, as this will show your understanding of the key responsibilities of the Head of Risk position.
✨Showcase Your Leadership Skills
Prepare examples that highlight your experience in managing and developing small teams. Think about specific challenges you faced and how you successfully led your team through them. This will demonstrate your capability as a trusted business partner.
✨Be Ready for Scenario Testing
Brush up on stress and scenario testing methodologies. You might be asked how you would approach capital risk assessment or how you’ve handled similar tasks in the past. Having concrete examples will help you stand out.
✨Understand the Regulatory Environment
Familiarise yourself with PRA regulations and how they impact risk management in financial services. Even if you don’t have direct experience, showing that you understand the regulatory landscape will impress your interviewers.