Junior Business Risk Manager

ITA0 - BJBE Bank Julius Baer Europe S.A., Succursale in Italia; Lombardia; On-site; EUR 40,000 - 60,000; Full time

Job summary

Julius Baer Europe S.A. (BJBE), Italy Branch, is seeking a Junior Business Risk Manager to act as the 1st Line of Defence risk contact for Front employees and management in Milan.

You will monitor daily risks, support supervisory duties, and integrate the Italy Branch into the BRM governance of the Julius Baer Group. You will coordinate with BRM units in Luxembourg and Switzerland, implement monitoring, and drive risk-based improvements while maintaining a client- and service-oriented mindset.

Qualifications

• Sound knowledge in regulatory and risk topics (KYC, Fraud, Cross border).
• 1-2 years’ experience in a client facing function preferred; risk or compliance background also considered.
• Generalist know-how of asset classes with interest in financial markets.
• Fluent in English.

Responsibilities

• Establish and maintain an adequate 1LoD risk governance based on group standards and local regulation.
• Support Front Office in Milan as a solution-oriented BRM to avoid day-to-day risks.
• Take over BRM tasks for Front units of Bank Julius Baer Luxembourg (BJBE).
• Monitor significant risks in Front Departments and agree on measures with Management.
• Perform approvals and control tasks for Front Management as delegated.
• Support Front in challenging situations and non-standard risk cases.
• Assess training needs and support education in Front teams.
• Coordinate and share best practices with Front and CRO; align with 2LoD.
• Coordinate remediation activities and ensure integration with BRM setup.

Skills

Regulatory risk

1-2 years experience in client-facing

English fluency

MS Excel

MS PowerPoint

Communication skills

Structured working method

Education

Master's degree in Economics or Finance

Tools

MS Excel

MS PowerPoint

Job description

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Lets shape the future of wealth management together.

As a Junior Business Risk Manager of Bank Julius Baer Europe S.A. (BJBE), Italy Branch, you act as the dedicated 1st Line of Defence risk contact person for Front employees and management. You support the Front management in their supervisory duties and in managing the daily risks, by monitoring the Front’s compliance and exposure to the bank’s identified risk items and by performing approvals and monitoring tasks as per delegation. You are responsible for the integration of the Italy Branch into the Business Risk Management governance of the Julius Baer Group and proactively identify monitoring needs. You take responsibility for the alignment, design, implementation and execution of an efficient 1LoD Front monitoring. You have a client-, service- and business- oriented risk mindset and ensure a target-oriented communication. You coordinate local BRM activities with BRM units in Luxembourg and Switzerland and strive for integration and harmonisation.

YOUR CHALLENGE

• Establish and maintain an adequate 1LoD risk governance based on the group standards as well as required by local regulation
• Proactively support primarily the Front Office in Milan as a solution-oriented Business Risk Manager to avoid risks arising in the day-to-day business
• Take over responsibility for selected BRM tasks for all Front units of Bank Julius Baer Luxembourg (BJBE)
• Support Front Management in their supervisory duty and managing daily risks by conducting regular risk exchanges
• Monitor significant risks in the Front Departments and agree with Management on respective measures
• Perform approvals and control tasks for Front Management as delegate and in accordance with the internal policies
• Support Front in challenging situations and non-standard cases from a risk perspective
• Assess training needs and support education in the Front teams
• Ensure regular exchange of topics and share best practices with Front
• Establish a collaborative relationship with / knowledge transfer from internal stakeholders such as the CRO division
• Coordinate and monitor remediation activities and align with supervisor or 2nd Line of Defence (2LoD)
• Analyse (Front Office) processes from a risk perspective and develop new ideas to mitigate risks and to reduce manual workarounds
• Ensure integration of local activities into the set-up and reporting of BRM as defined by JB Group and BJBE

YOUR PROFILE MUST HAVE

• Sound knowledge in regulatory and risk topics (e.g. KYC, Fraud, Cross border)
• 1 -2 years’ experience in a client facing function preferred. Risk or Compliance background alternatively will be considered
• Generalist know-how of asset classes paired with a strong interest in financial markets
• Fluent in English
• Self-driven, take responsibility
• Strong client and business orientation and ability to think interconnected
• Good MS Excel and MS PowerPoint skills
• Good communication skills
• Structured working method

NICE TO HAVE

• A Master’s degree in Economics, Finance or other related fields is preferable.
• Further language skills are a benefit

The international reference in wealth management Julius Baer is the leading Swiss wealth management group. We focus on servicing and advising sophisticated private clients from around the world, taking into account what truly matters to them – in their business and personal life, today and for future generations. Headquartered in Zurich, we are present in around 60 locations worldwide, including Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, Shanghai, Singapore, Tel Aviv, and Tokyo.

Why join Julius Baer? At Julius Baer our employees enjoy the benefits of a global company with the support and collegiality of a much smaller one. We are growing quickly, but we remain dedicated to maintaining our accessible structure with flat hierarchies, and approachable and supportive leaders. With offices around the world, we offer an international and stimulating work environment and the opportunity to work with a diverse team of highly motivated colleagues, bringing the best of the bank to our clients. Our core values of Care, Passion, and Excellence define the tone of how we interact with each other and our partners. Committed to your success Whether nurturing young talent with our renowned apprentice scheme, enabling ambitious university graduates to put theory into practice with our Graduate Programme, or providing first-class opportunities for experienced professionals, we look after our employees. We believe in continuous learning as a company and as individuals, which is why we put a focus on the health and well-being of our employees and offer flexible working options, a wide array of benefits, and extensive career development programmes.

For more information visit www.juliusbaer.com or contact us via the Contact Form.