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Alexander Ash Consulting

Risk Manager – First Line – Private Banking / Wealth Management (Contract)

London
£120k – £135k/yr
Posted 5 days ago
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Risk Manager – First Line – Private Banking / Wealth Management (Contract)

A wealth manager is seeking an experienced First Line Risk Manager to support the development of a UK Private Banking and Wealth Management business during a key development phase. Working closely with senior stakeholders, you will establish the first-line risk framework, ensuring the emerging UK proposition meets regulatory expectations and is built on robust governance from the outset. You will lead Consumer Duty mapping, advise the business on first-line risk requirements, support regulatory permissions, design governance and reporting frameworks, and help shape a compliant operating model that reflects the specific requirements of the UK market rather than replicating international approaches. This is a hands-on contract role suited to an experienced risk professional who can balance strategic thinking with practical delivery in a fast-paced environment.

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I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?

Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.

Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.

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Graduate Consultant — 2026 Scheme

PwC·London, UK
£35,000/yr

Why you're a good match

Strong

Your economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.

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Why you're a good match

You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.

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Strong

Experience fit

Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.

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Qualifications & Experience

  • Extensive first-line risk management experience within UK Private Banking, Wealth Management, or Financial Services.
  • Strong knowledge of FCA regulation, Consumer Duty, and UK regulatory expectations.
  • Experience designing and implementing governance, risk, and reporting frameworks.
  • Proven ability to support regulatory permissions and advise business stakeholders on risk requirements.
  • Excellent stakeholder management skills with the ability to influence senior leadership while delivering pragmatic solutions.

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This is an initial six-month contract, based in London, at £550-600/day PAYE rate (cf. £680-715 Umbrella rate).

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Skills

First Line Risk Management
FCA Regulation
Consumer Duty
Governance Framework Design
Regulatory Permissions
Stakeholder Management
Reporting Frameworks
Operating Model Design
Private Banking
Wealth Management

Location

London, England, United Kingdom

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