Operational Risk Manager London (GB)

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients. Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham and Bristol. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients’ needs.
Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £29 billion in funds under management and circa 700 staff.

Business Unit:

The role of the Risk Team is to establish, implement and maintain on behalf of the Firm's Governing and Management Boards, adequate risk management policies and procedures, including effective procedures for risk identification, assessment, management, and reporting/escalation, in relation to the Firm's activities, processes and systems.  In addition, the Team provides support to new business initiatives and advises on day-to-day issues which may arise. 

Brief Role Objective:

The Operational Risk Manager, with the support of the Operational Risk Analyst(s), is responsible for oversight and delivery of the Operational Risk function (second line-of-defence), including risk event analysis, operational risk assessments, thematic reviews, and the maintenance or enhancement of policies and procedures.

Key Responsibilities:

• Delivery of the Internal Capital Adequacy and Risk Assessment;
• Overseeing the delivery of the risk and control self-assessment process;
• Setting priorities for, and leading thematic reviews;
• Overseeing the day-to-day management of, and contributing to the resolution of risk events;
• Oversight and challenge of the outsourcing register and associated risk assessments and due diligence of third-party arrangements;
• Providing insight and analysis on the Firm's risk registers;
• Making, and following-up on recommendations for enhancements to the Firm's control framework;
• Continuous assessment of both internal and external factors in order to identify and report on emerging risks;
• Drafting of periodic reports to Boards and Committees as required;
• Designing, maintaining, and communicating policies and frameworks including the Risk Appetite Statement;
• Developing, capturing, monitoring, and reporting on Key Risk Indicators and Key Control Indicators;
• Designing and delivering structured training of all staff in operational risk matters, and ad-hoc/informal training, as required;
• Primary contact for all staff for queries relating to operational risk;
• Leading local projects in conjunction with Group Operational Risk and ensure alignment of practices, where appropriate.

Technical Requirements:

• Minimum of 5 years experience in an Operational Risk role within the FCA-regulated private wealth or investment management industry;
• Be recognised as a senior manager and subject matter expert within the firm and be able to operate independently of the Head of Risk making day to day decisions;
• Excellent communication and interpersonal skills;
• Ability to provide pragmatic, timely and accurate advice, often in a time sensitive and pressurised environment.
• Excellent organisational skills, including the ability to prioritise and meet deadlines.
• Ability to produce well-structured accurate management/risk reports.​

Other skills, competencies and attributes:

• Motivated and conscientious,
• Breadth of experience and professionalism allowing a contribution to the team and the firm beyond your technical expertise, e.g., representing the team (or firm) at industry bodies on a regular or ad hoc basis
• Manage the work and development of junior team members, when applicable, and act as a role model
• Able to review and sign-off on work produced by other team members as needed
• Influencing and negotiation skills, including at senior management level