Operational Risk Manager
Rathbones Group Plc
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Benefits offered by this job
Job summary
Rathbones Group plc in Liverpool seeks a Manager - Operational Risk to support the Head of Operational Risk & Data Protection in developing, implementing and embedding the group risk management framework, with a focus on operational and non-financial risks. You will challenge senior management and deputise at governance forums, influencing risk culture across the organisation.
The role demands strong risk expertise, stakeholder engagement and leadership to drive risk management across the three
Qualifications
- Experience in a risk manager role, preferably operational risk in UK regulated financial services.
- Ability to build relationships with executive and senior stakeholders across the firm.
- Strong organisational skills and ability to work well under pressure, with deadlines.
- Confident communicator, skilled at developing management information and written reports.
- Strong collaboration skills - proactively shares information and ideas.
- Excellent analytical skills with high attention to detail and accuracy.
- Engaged with developments in risk management, emerging risks and regulation.
- Broad knowledge of enterprise risk management.
Responsibilities
- Provide guidance within the Operational Risk team and support development of enterprise risk management.
- Embed the risk management framework across the group, with focus on operational risk.
- Collaborate across the three lines of defence and promote risk awareness and culture.
- Deliver effective operational risk management with the business through risk committees, risk opinions and control assurance.
- Monitor current and emerging risks, including scenario analysis and prudential capital requirements.
- Implement plans, policies and procedures for the Operational Risk Team.
- Provide timely key risk documents and reports to internal and external stakeholders.
- Review risk exposures and provide robust challenge of risk management advice to business development and change risk management.
- Lead and support direct reports including performance development.
Skills
Education
Tools
Job description
Rathbones provides individual investment and wealth management services for private clients, charities, trustees and professional partners. We have been trusted for generations to manage and preserve our clients' wealth. Our tradition of investing and acting responsibly has been with us from the beginning and continues to lead us forward. Our ambition is to be recognised as the UK's most responsible wealth manager.
In business since 1742. A FTSE 250 listed company. Managing more than £113 billion* for our clients. 20+ offices throughout the UK and Jersey. *Funds under management at 30 September 2025.
Role Title: Manager - Operational Risk
Division: Risk, Compliance & Financial Crime
Location: Liverpool
Contract: 12 month FTC
Working pattern: Hybrid
Hiring Manager: Jonathan Higgs
Support the Head of Operational Risk & Data Protection with development, implementation and embedding of the Rathbones Group risk management framework, with a specific focus on operational risk and other non-financial risks. Support and challenge senior management in meeting their responsibilities for managing risk. Deputise, as required for the Head of Operational Risk & Data Protection, at various governance forums with key stakeholders.
- Provide guidance and direction within the Operational Risk team, supporting development of enterprise risk management with wider 2nd line functions.
- Proactively demonstrate development and embedding of the risk management framework, including operational risk management procedures across the group.
- Proactively collaborate and co-ordinate risk management across the three lines of defence, liaising within a range of stakeholders to promote risk awareness and improve risk culture.
- Deliver effective operational risk management with the business, through engagement with senior management in risk committees, with RCSAs, risk opinions and control assurance.
- Contribute to the on-going assessment and monitoring of current and emerging risks, including operational risk scenario analysis and prudential operational risk capital requirements.
- Implement appropriate plans, policies and procedures to ensure the effective delivery of the tasks which are to be completed by the Operational Risk Team.
- Provide timely, relevant and accurate key risk documents and reports to internal and external stakeholders, including internal policies, procedures, guidance and external reporting, as required.
- Provide robust review and challenge of risk exposures and risk management advice to business development and change risk management, as required.
- Lead and support direct reports including their annual performance and continual development.
- Risk qualification, such as International Diploma in Risk Management preferred.
- Experience in a risk manager role, preferably operational risk in UK regulated financial services.
- Able to demonstrate independence when conducting their role.
- Builds effective relationships with executive and senior stakeholders across the firm and comfortable with having challenging conversations.
- Strong organisational skills and ability to work well under pressure, with commitment to meet deadlines.
- Confident communicator, skilled at developing management information and written reports.
- Strong collaboration skills - proactively seeks to share information and ideas.
- Excellent analytical skills demonstrating high attention to detail and accuracy.
- Engaged with developments in the industry, including risk management practices, emerging risks and regulation.
- Demonstrates a broad knowledge of enterprise risk management.
- Strong IT literacy and proficient in using Microsoft applications.
- Self‑motivated manager, who is diligent, flexible and demonstrates drive in their role.
We want everyone at Rathbones to fulfil their potential, in an environment where you are proud to work and feel like you belong. We offer a comprehensive remuneration package, which we review regularly, and benefits include:
- A company pension - 9% non-contributory or 10% if you contribute 5%.
- Private medical insurance - Individual on joining, family after 1 year's service.
- Life assurance - 8 x salary.
- Income protection - 75% salary.
- Company share scheme.
- Discretionary bonus.
- Flexible holidays - purchase up to 5 additional days.
- Green Car Scheme.
- Family friendly policies - enhanced family leave for parents & carers.
- Study support - study days and funding for courses and qualifications.
- Season travel ticket loans.
- Volunteering days.
- Gym discounts.
- Other voluntary benefits you can choose to suit you.
- Sports & Social Committees, such as cricket, football, netball, running, yoga, quiz nights, charity bake sales and much more.
- Inclusion Networks that help us drive change within the organisation such as Gender Balance, Multicultural, Abilities Count, Pride, Social Mobility, Generations, Menopause Matters@Rathbones' and Armed Forces.
- The NextGen IM Network, which brings together a community of trainees from across the UK, who are all at the early stages of their careers and offers development opportunities, exposure across the business as well as peer support and connection.
We aim to become an employer of choice for the wealth management sector, to achieve this we are working hard to build a diverse, equal, and inclusive workplace that motivates, develops and embraces the strengths of all our colleagues. Being part of Rathbones means you will join a team of passionate professionals in a successful culture that cares for its people. At Rathbones, we provide meaningful work, opportunities, and a voice to all.
We believe in playing the long game. That means building consistent results, earning trust and doing the right thing - for our clients, our colleagues and the communities we're part of.
- We aim high.
- We get it done.
- We show we care.
- We do the right thing.
We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values. We're a Disability Confident Employer (level 2) under the UK Government scheme. This means we've signed up to a set of commitments around how we recruit, retain and develop people with disabilities. Find out more about the Government Scheme online, click here. If you require adjustments to apply for a role at Rathbones, please contact us via recruit@rathbones.com to let us know what adjustments you may need.
We will close this advert once we have received enough applications for the next stage. Please submit your application as soon as possible to ensure you don't miss out.
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