1st Line Senior Risk Manager

Edinburgh, Scotland, United Kingdom

12/17/2024

Role Description

The 1st Line Senior Risk Manager in Risk & Control (1LOD) is required to support the strategy and direction outlined by the Head of 1st Line Risk -UK , using their industry knowledge and expertise to deliver value and assurance to the client base. The incumbent of this role will also deputize for the Head of 1st Line Risk.

Specific Role Responsibilities

• Support the development and evolution of the Operational Risk Team strategy and ensure the function provides best in class assurance to clients and internal partners.
• Challenge and contribute to the development of short, medium, and long-term strategies (including action plans and targets) for the 1st line risk function
• Manage change to the team, strategy, and methodology to ensure readiness to changing regulations and expectations
• Ensure collaborative engagement and partnering to achieve the best results and protection for clients and the business.
• Take ownership of the internal, external and Compliance audits monitoring processes from a 1LOD perspective, ensuring that all audits are well planned, and actions delivered in a timely manner.
• Manage the relationship with external stakeholders in relation to 1st line Risk issues, including clients, custodians, consultants, potential clients, third parties, regulators, and non-executive directors.
• Oversee the error management process, escalation, analysis, and reporting, including trend analysis delving into functional lenses.
• Oversee the delivery of KRIs (Key Risk Indicators) & KPIs (Key Performance Indicators) in relation to risk appetite in a manageable articulate manner that is intuitive to the business.
• Develop an MI (Management Information) suite and provide regular MI to senior stakeholders.
• Deputize in the absence of the Head of 1st Line Risk - UK by participating and chairing governance meetings to ensure that FNZ is driving the right behaviors, as outlined in the FCA (Financial Conduct Authority) handbook, to mitigate risk to the business
• Attend regular client senior forums and drive a positive and collaborative relationship with FNZ clients.
• Develop and evolve 1LODs approach to policy adhere
  
  

Functional Area Responsibilities

• Support the team of 1st Line Risk Managers - 1st line Risk & Control to ensure exceptional delivery to both internal and external clients.
• Manage the performance of all direct reports, addressing performance issues in a timely manner to ensure that there is no client or operational impact.
• Encourage a culture of openness and ethical decision making within the team
• Lead the development and evolution of the FNZ 1st line Risk & Control team and processes to ensure they are efficient, timely and accurate.
• Promote and actively develop a risk aware culture within FNZ 1st line Risk team.
• Be proactive, organised and actively provide ideas of innovation and process improvement.
• Be informed of sector-wide developments
• Ensure all mandatory training is completed in a timely fashion.
  
  

Experience Required

It is incumbent upon the Senior Risk Manager to ensure they are competent and have high performance in the following areas: 

• Extensive experience of 1st line risk within the Wealth Management / Platform industry.
• Experience in a senior management role.
• Experience in client relationship management.
• Knowledge of the UK (United Kingdom) financial services and regulatory framework including the CASS (Client Assets Sourcebook) Sourcebook.
• Holder of university degree and/or the equivalent combination of education and experience. Appropriate professional qualification held
  
  

The desirable candidate will also have a proven record of accomplishment of high performance in the following areas:

• Understanding of risk/compliance policies and processes for a financial services business
• Strong understanding of risk appetite and risk management frameworks
• Strong understanding of operational risk
• Strong understanding of compliance/regulatory requirements in financial services sector
• In depth knowledge of distinct types of operational risks, systems and processes including risk management frameworks
  
  

About FNZ Culture

Our culture is what drives us. It is at the heart of who we are and everything we do. It is what inspires, excites, and moves us forward. Our ambition is to create a culture for growth, one that opens limitless opportunities for our employees, customers, and the wider world. At FNZ we know that great impact is only possible with great teamwork.

That is why we value the strength and diversity of thought in our global team.

The FNZ Way is the cornerstone of what we do. It is comprised of four values that set the standard for how everyone at FNZ interacts with each other, with our customers, and with all our diverse stakeholders around the world.

• Customer obsessed for the long-term
• Think big and make an impact
• Act now and own it all the way
• Challenge, commit and win together
  
  

Read more about The FNZ Way and our values: www.fnz.com/culture

Opportunities

• Right from day one, you will work alongside exceptional, multicultural teams - experts in their respective fields - who will inspire and challenge you to make your greatest impact.
• Be part of a highly successful, rapidly growing, global business that is leading the delivery of financial services via cloud computing and partners with some of the world’s largest companies;
• Working in a flexible and agile way that meets the needs of the business and personal circumstances;
• Remuneration, significant financial rewards, and career advancement is based on individual contribution and business impact rather than tenure or seniority;
• We provide global career opportunities for our best employees at any of our offices in the UK, EU (European Union), US, Canada, South Africa, and APAC.
  
  

Commitment to Equal Opportunities

At FNZ, we recognise that diversity, equity, and inclusion are important factors contributing to our success. We embrace the unique perspective and capabilities of our current and future employees, which will help us continue to drive innovation and achieve our business goals. Recruitment decisions at FNZ are made in a non-discriminatory manner without regard to gender, ethnicity/race, faith, age, nationality, gender identity, sexual orientation, marital status, socio-economic background, disability, or military veteran status where all applicants and employees are valued and respected.

In addition, we want to ensure accessibility needs are well supported, if you require specific support, please advise us.

About FNZ

FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back.

We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution.

We partner with over 650 financial institutions and 12,000 wealth managers, with US$1.5 trillion in assets under administration (AUA).

Together with our customers, we help over 20 million people from all wealth segments to invest in their future.