Investment Risk Reviewer

At Rathbones, we help people invest their money well, so they can live well. That means more than financial returns – it’s about helping people feel confident in their decisions and supported in their future. We don’t just manage money, we guide people through life’s big moments, helping them stay on track and focus on what matters most.

We’re proud to be one of the UK’s leading wealth managers, with over £109bn* in assets under management and 20+ offices across the UK and Channel Islands. We’re a FTSE 250 company with national reach and a local feel – and we’re growing.
*As of June 2025

Role Title: Investment Risk Reviewer

Division: RIM - Specialist Support

Location: Liverpool

Contract: Permanent 

Working pattern: Hybrid

About the Role

The Investment Risk reviewer is a crucial part of Rathbones' first line of defence, providing oversight of portfolio suitability. To achieve this, the team conducts ongoing quality control reviews to ensure compliance with internal standards and regulatory requirements. This includes portfolio exception reviews (APRs), MiFID II checks, investigating client complaints, examining performance exceptions, and assessing due diligence notes.

Where deviations occur between the client's portfolio and their agreed mandate, Investment Management teams document the reason and remediation plan. The Investment Risk team reviews documented exceptions to confirm accuracy, feasibility, and client awareness.

Support the front office with portfolio suitability queries, training and technical assistance.

Ensure client records provide clear and comprehensive justification for the suitability of recommended transactions and positions. Proactively delivers constructive feedback where standards are not met and collaborate effectively with colleagues to promote best practices.

What you’ll be responsible for

• Portfolio exception (APR) reviews
• Supervisor APR reviews
• Suitability Transaction Advice Report (STAR) reviews
• IR control reviews (Embargoes, PRIIPs/UCITS, Client instructions)
• Investigation of client complaints
• Performance exception reviews
• Security due diligence note reviews
• Providing feedback to Investment teams with regards to reviews conducted by the Investment Risk in a clear and concise manner.
• Providing challenge to the front office on exception rationales and suitability judgements when appropriate
• Escalate issues when appropriate.
• Provide training in respect of portfolio suitability to the front office and other parts of Rathbones as required.
• Portfolio exception (APR) reviews
• Supervisor APR reviews
• Suitability Transaction Advice Report (STAR) reviews
• IR control reviews (Embargoes, PRIIPs/UCITS, Client instructions)
• Investigation of client complaints
• Performance exception reviews
• Security due diligence note reviews
• Providing feedback to Investment teams with regards to reviews conducted by the Investment Risk in a clear and concise manner.
• Providing challenge to the front office on exception rationales and suitability judgements when appropriate
• Escalate issues when appropriate.
• Provide training in respect of portfolio suitability to the front office and other parts of Rathbones as required.

About you

• Numerically accurate, high attention to detail, able to use Microsoft Excel to a high standard. 
• Good writing skills, able to communicate effectively and provide written feedback to colleagues
• An ability to build and maintain relationships with key contacts
• Good understanding of the UK Regulatory framework (desirable)
• Knowledge of suitability requirements (desirable)
• Understanding of the service and investments provided by Rathbones, including different types of investment assets and the different types of clients Rathbones deal with (desirable)
• An understanding of Rathbones’ Client Vulnerability policy
• An understanding of different types of ‘tax wrappers’ such as ISA’s, general investment accounts, SIPP’s etc. (desirable)

Our offer to you

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 

Our employees can choose to take part in various social groups and communities to support their wellbeing, growth, development and sense of community. These include:

• 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, Take a moment to pause (Menopause) 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.

Life at Rathbones

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 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 Level 2 Disability Confident Employer 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.

If you feel there are any reasonable adjustments that would make the process easier for you and help you to perform at your best whether that is due to disability, neurodiversity or other protected characteristic, just let us know by emailing us at recruit@rathbones.com

Mission

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.

Our values shape how we work:
- We aim high
- We get it done
- We show we care
- We do the right thing

These aren’t just words on a wall. They guide how we treat each other, how we make decisions and how we build relationships that last.

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.