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Deputy Head of Risk Controls / Wealth Management / Risk / Front Office Operations / Audit / Operational Risk
September 15, 2018
London, United Kingdom
Deputy Head of Client Risk Controls, including responsibility for client risk operational controls/reporting for the division.
Overview of role
Direct management of two members of UK controls staff
Help develop and maintain efficient operating procedures and controls for the Wealth Management client teams across the division
Provide regular reporting to senior management highlighting adherence to procedures, any weaknesses in risk and controls and suggest/implement improvements as necessary
In conjunction with each client risk jurisdiction representative develop, maintain and analyse control matters including but not limited to suitability of and adherence to mandates, portfolio performance, suitability of investments held within client portfolios, anti-money laundering risk, market abuse, personal dealing, dormant accounts and conflicts of interest. Report as necessary to senior management and relevant management groups
Management and resolution of risk events
Management of fraud risk, including the management and resolution of fraud risk events
Working in coordination with Compliance, Risk, Operations and Business Management, implement any necessary changes to operating procedures resulting from regulatory change.
Tailor procedures for compliance and risk monitoring and reporting for the Charity, DFM and Wealth Management teams to suit their specific business models
Ensure standard operating procedures for UK Wealth Management are kept up-to-date and readily accessible on the standard system. Provide training to staff as required
Co-ordinate changes to client forms and related procedures across all Wealth Management jurisdictions
Operate as the first point of contact for external auditors, Internal Audit and Compliance Monitoring for any audit or review of Wealth Management client teams
Manage or direct staff in each jurisdiction in the matters above.
Relevant experience or understanding of front office Wealth Management Operations
Ability to work to deadlines
Ability to use own initiative
Ability to lead, manage, influence and motivate others
Ability to design, implement and follow procedures/processes
Ability to manage data and produce concise MI
Attention to detail
Ability to communicate clearly and efficiently to staff of all levels
CISI Wealth Management Diploma or equivalent
Significant experience in the Wealth Management industry
Good technical knowledge and understanding of Wealth Management regulation and best practices
Understanding and experience of portfolio management an advantage
Good familiarity with the in-house systems necessary to fulfil the above functions