Risk Manager

Introduction

We are looking for an organised, enthusiastic and knowledgeable individual to join Saltus to lead the risk function within a group which includes MIFIDPRU Investment Firms and Article 3 Exempt Financial Advice Firms.  Reporting to the Chief Finance Officer, you will help develop and embed a harmonised Risk Management Framework across the Group.  As part of the team, you’ll have the opportunity to work in a fast-paced, collaborative environment where you’ll be able to utilise your skills and expertise to deliver amazing outcomes for our clients.

The role will not require an FCA Controlled Function or Certificate.

Why Saltus?

Our mission is to improve everyone’s relationship with their wealth: to make it a positive force for their future and at the same time to prevent it being a source of anxiety. We want everyone who works at Saltus to be proud to work here, and to find fulfilment and meaning in the work that they do.

We are incredibly proud of our culture and work really hard to ensure that Saltus is a great place to work for our people, where they can have fun and grow in their career, with a passion for excellence and customer service.

We’re proud that we’ve been recognized as a winner by the Sunday Times in the Best Places to Work 2024 awards, as well as a winner in the Professional Adviser awards 2024 for the Best Financial Advisers to Work For. These accolades reflect our commitment to creating an exceptional work environment and our dedication to excellence in the financial industry. Join our award-winning team and be a part of our continued success!

Saltus is a privately owned financial planning and discretionary investment management house. We are dedicated to providing a high-quality service for private clients, trusts, and smaller institutions.

Saltus Partners was founded in 2004 and has grown organically and through a small number of carefully integrated acquisitions. Originally the business started out as an investment manager and has now developed the financial planning side of the offering, putting this at the forefront of the client relationship.

Today Saltus manages and advises on over £7.5 billion of client assets, acquired through a combination of organic business growth and corporate acquisitions.

What does this role look like?

As Risk Manager you will have responsibility for a wide range of duties across all of the regulated entities within the Saltus Group, including the following:

• Developing an integrated Group’s Risk Management Framework (“RMF”) to ensure that it is commensurate with the Group’s scale and complexity.
• Acting as a dedicated Risk Partner to the Group’s regulated boards with associated ownership of the RMF and Risk Appetite Statements (“RAS”).
• Annual updating of the RMF and RAS, ensuring they are up to date with any changes / modifications and presented to the Group’s Risk Committee for annual sign-off.
• Taking ownership of the co-ordination and preparation of the quarterly Risk Committee pack, ensuring operational risk reporting and management information is shared with the Risk Committee and relevant entity Boards within the Group.
• Ownership of the Group ICARA, including ensuring that documents and associated submissions are prepared, reviewed, challenged and approved.
• Reviewing and challenging risk reporting, assessments, incidents and assurance activities.
• Ownership and management of the Group’s Risk Register, to ensure risk owners are clear on the impact and likelihood of a risk event crystallising within their areas, and the effectiveness of any stated mitigation controls in place.
• Working with Compliance to keep up to date with regulatory issues which may affect the businesses, and in anticipating future risk requirements.
• Provide training across the firm to embed a risk aware mindset.
• Work with relevant stakeholders across the Group to develop metrics (and a Risk database) to monitor risk in the business and to help set risk appetite thresholds.
• Management of the risk reporting and incident log, to capture crystallisation events and measure any risk impact.
• Work with the Finance team to Perform Stress and Reverse Stress Testing as necessary to monitor the effectiveness of the RMF in the Group.
• Attend the Risk Committee and support it in performing their duties.

What sort of person are you looking for?

We think that the best candidate for this role will have:

• Energy and a passion for helping Saltus to continue to provide the best possible outcomes for our clients.
• A sound working knowledge of the FCA Handbook, particularly on Risk under SYSC 7 and SYSC 21.
• An understanding of risk frameworks and effective measurement of controls for risk mitigation.
• Experience in using risk-based systems and tracking tools.
• Excellent interpersonal, verbal and written communication skills with strong attention to detail.
• The ability to take ownership and responsibility for tasks and projects, working autonomously and collaborating as needed with key stakeholders.
• Proficient computer skills, Microsoft Office Suite (Word, PowerPoint, Outlook, SharePoint, and Excel).
• A willingness and flexibility to travel to office sites as required. If you are able to drive and have your own transport, that would be highly advantageous.
• Qualifications in Financial Services preferrable, either in Compliance or Risk.

Where will I be working?

We’re incredibly flexible about where, when, and how you work: we don’t want anyone to be prevented from coming to work for Saltus as a result of the working pattern that they’re looking for.  Ideally, you’d be able to be based out of our London or Solent offices for two to three days each week, working the remainder of the week from home.  We have further locations across the UK, all of which are available to work from.

We are passionate about championing flexible working for our people, so if there’s a slightly different working pattern that you’re looking for, then please come and have a chat to us about it.

What benefits do I get when working for Saltus?

Salary range £85,000 and £95,000 dependent on experience, alongside 28 days’ holiday (plus bank holidays and your birthday), study assistance, life assurance, income protection and a pension, alongside access to our flexible benefits platform.

Just as importantly, you’ll get to experience our culture, which we really do live and breathe, ensuring that Saltus is a fantastic place to work for every single one of our 350+ people. We work hard, but we have an awful lot of fun along the way. If you think you’d like to come and join us, then please do get in touch… we’d love to hear from you.