Senior Manager - Operational Risk

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: Senior Manager - Operational Risk

Division: Risk, Compliance & Financial Crime

Location: London

Contract: Permanent

Working pattern: Hybrid

About the Role

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.


What you’ll be responsible for

• 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.

About you

• Risk qualification, such as International Diploma in Risk Management preferred
• experience in a senior manager risk 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.

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, 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.

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 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.

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.