Average Risk Manager salary in City of London

Are you a Credit Risk Manager with proven experience developing and validating retail credit risk models under IFRS 9 and/or IRB ideally within Tier 1 banks, challenger banks, or consultancies?Have a deep understanding of PRA and EBA guidelines and Basel regulatory frameworks plus strong programming skills in Python, SAS, and SQL?Do you live within a commutable distance of Central London and seeking a new Credit Risk Manager opportunity offering a competitive salary, hybrid working and 1st class benefits? Our client is a leading financial consultancy with a fantastic opportunity for an experienced Credit Risk Manager to join them and lead the development of retail credit risk models under IFRS 9 and IRB frameworks.This would be a superb move for a highly skilled risk professional to take ownership of end-to-end model development while managing a talented team of Senior Consultants. The successful candidate will report directly to the Partner/Technical Director and play a key role in delivering regulatory-compliant, business-relevant credit risk models to major banking clients and the key responsibilities are summarised below:-Lead the design, enhancement, and maintenance of retail credit risk models (PD, LGD, and EAD) under IFRS 9 and IRB.Manage and mentor a team of Senior Consultants to deliver high-quality, robust, and compliant modelling solutions.Ensure all models meet PRA, EBA, and Basel 3.1 regulatory standards.Conduct and review statistical analysis, calibration, back-testing, and monitoring to ensure model accuracy and performance.Provide technical expertise in Python, SAS, and SQL for model development and validation.Engage confidently with regulators, validation teams, and senior stakeholders, communicating complex results clearly.Promote innovation by integrating machine learning and advanced analytics into modelling approaches.Oversee project timelines, resources, and deliverables to meet internal and client expectations.Contribute to training, mentoring, and capability development across the modelling team.Maintain full documentation and governance across all model risk management activities.Our client would be particularly interested in candidates with an MSc or PhD in a quantitative field (e.g. Mathematics, Statistics, Economics, or Finance) who has developed & validated retail credit risk models under IFRS 9 and/or IRB ideally within a banking or consultancy environment, You should also have a solid grasp of statistical techniques such as logistic regression, survival analysis, and machine learning as well as excellent stakeholder management and communication skills. Experience of managing or mentoring analysts or consultants in a modelling environment would also be an advantage as well as 1st class project management and organisational abilities.This is an excellent opportunity to take on a leadership role within a high-performing consultancy known for technical excellence and strong regulatory relationships. The role offers career progression, diverse project exposure, and flexible working options.Interested?Then please forward your CV now for further details and consultation.

About the RoleWe are seeking a highly motivated and experienced Data Risk Manager to join our global team. This is a pivotal role responsible for driving data privacy, risk, and compliance initiatives across multiple jurisdictions, ensuring alignment with evolving regulatory requirements and industry best practices.Key ResponsibilitiesLead the execution of Data Protection Impact Assessments (DPIAs) using SureCloud, supporting the accelerated review and approval of applications migrating to the Azure cloud environment.Design and deliver global privacy principles training and workshops, educating stakeholders across all regions to embed a strong culture of data protection and compliance.Develop and implement a global data retention policy, including a comprehensive retention schedule. Ensure the policy is continuously maintained and updated in line with changing jurisdictional regulations, establishing a consistent global standard to meet all legal and regulatory requirements.Oversee preparation for ISO 27001 certification review, including the development and execution of a robust remediation plan, ensuring continued accreditation.Key RequirementsProven experience in data risk, privacy, or information security within a complex, global organisation (legal or professional services experience preferred).Strong working knowledge of data protection regulations (e.g., GDPR and other global frameworks).Experience conducting DPIAs and working with risk management platforms (e.g., SureCloud or similar).Demonstrated experience in policy development, particularly data retention frameworks.Familiarity with ISO 27001 standards and audit preparation.Excellent stakeholder engagement, communication, and training delivery skills.Ability to manage multiple global initiatives and meet fixed deadlines.

We are partnering with a highly regarded, internationally active bank / financial institution with a strong footprint across global markets, to support the appointment of a Risk Analyst within its London-based team. This is a high-visibility opportunity for an analytically minded risk professional to operate at the centre of a front-office aligned environment, working closely with trading, sales and senior management to provide real-time insight, challenge and control across a broad range of market activities. The role offers genuine breadth. Sitting within a lean but highly effective risk function, you will gain exposure across multiple traded asset classes, interacting directly with key stakeholders across the business while contributing to the ongoing development of risk frameworks, reporting capabilities and governance standards. From day one, you will be embedded in the decision-making process.Key ResponsibilitiesProduce timely and accurate risk reporting for internal stakeholders and regulatory requirementsSupport the identification and assessment of risks associated with new business activity and trading strategiesMonitor risk exposures and escalate key issues, providing clear and actionable insightContribute to risk limit frameworks, reviews and governance committee materialsEngage with front office, compliance, finance and operations to ensure effective risk oversightSupport ongoing enhancement of risk systems, data processes and reporting infrastructureMaintain and develop risk policies, procedures and documentationAssist with regulatory engagement, audits and ad-hoc risk-related queriesIdeal Candidate Profile1–3 years’ experience within banking / financial services, ideally within a risk environment.Some exposure to capital markets products (equities, derivatives, futures, commodities or similar)Strong analytical mindset with the ability to interpret data and translate into meaningful risk insightComfortable working in a fast-paced, front-office facing environmentHigh proficiency in Excel; any exposure to SQL or programming tools would be advantageousStrong communication skills with the ability to engage stakeholders across varying levels of seniorityMujst Degree educated (Finance, Economics, Mathematics, Sciences, Technology, Engineering)How will this develop your career?Direct exposure to front-office / trading activity within a global markets environment (equities, derivatives, commodities)Broad remit across risk reporting, analysis and business engagementStrong platform for long-term development within risk managementHigh level of stakeholder interaction across London and international teamsOpportunity to shape and enhance risk processes in a growing business