Private Wealth Portfolio Risk Manager

Swoon Group

• $100K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years of experience in private wealth or private banking, with a focus on operational risks.
  • At least 5 years of banking experience, particularly in operational risk management and governance.
  • Proven experience in conducting risk and control self-assessments (RCSAs).
  • Demonstrated ability to manage operational incidents and lead remediation efforts.
  • Strong understanding of banking policies and regulatory requirements, with experience across the three lines of defense.
  • Excellent communication and stakeholder management skills, capable of presenting complex risks to leadership.

Responsibilities

  • Provide operational risk guidance to Private Wealth Management Operations.
  • Lead risk and control self-assessments to identify and evaluate operational risks.
  • Manage operational incidents, assessing impacts and coordinating corrective actions.
  • Lead remediation of control deficiencies, partnering with stakeholders to develop action plans.
  • Maintain and improve policies and procedures aligned with risk frameworks and regulations.
  • Collaborate with business leaders and compliance to address risk concerns and support examinations.
  • Prepare executive reports on risks, controls, and remediation progress, monitoring key risk indicators.

Benefits

  • Hybrid work model: 3 days on-site and 2 days remote.
  • Direct hire role, providing job security and stability.
  • Opportunity to work in a dynamic and impactful role within private wealth management.
Full Job Description
Location: Chicago,Illinois
Expected Start Date: Sep 30, 2026
Salary: $100,000 - $120,000

What your day-to-day will look like
  • Provide operational risk guidance to Private Wealth Management Operations, advising on risks related to products, services, new systems, and business process changes.
  • Lead risk and control self-assessments (RCSAs) to identify operational risks, evaluate control design and effectiveness, and recommend mitigation plans.
  • Manage operational incidents and issues, assessing business impacts, analyzing operational losses, and coordinating corrective actions.
  • Lead remediation of control deficiencies, partnering with business stakeholders to develop action plans and track resolution.
  • Maintain and improve policies, procedures, and process controls aligned with the bank's established risk framework and regulatory requirements.
  • Partner with business leaders, compliance, and internal audit to address risk concerns, support examinations, and provide evidence of control effectiveness.
  • Prepare executive reporting on risks, controls, incidents, and remediation progress, monitoring key risk indicators and communicating emerging concerns to leadership.


What's Required / Technical Skills
  • 3+ years of Private wealth or private banking experience is required, with knowledge of the products, services, and operational risks within that business.
  • At least 5 years of banking experience, including operational risk management, business controls, or governance and oversight.
  • Experience conducting risk and control self-assessments (RCSAs) and evaluating the design and effectiveness of internal controls.
  • Experience managing operational incidents and risk issues, assessing business impacts and leading remediation of control deficiencies.
  • Ability to assess risks associated with new systems and business process changes and recommend practical mitigation plans.
  • Strong understanding of banking policies, regulatory requirements, and risk frameworks, with experience partnering across the three lines of defense.
  • Strong communication and stakeholder management skills, including the ability to explain complex risks clearly, challenge stakeholders constructively, and present findings to leadership.


What else you should know?

Job Title: Private Wealth Portfolio Risk Manager

Direct Hire Role

Location - Chicago, IL 60606

Hybrid - 3 days a week on-site and 2 days a week at home

Salaried Role - $100,000 - -$120,000

Work Authorization -US Citizen or Permanent Resident Only - C2C, C2H, and Visa sponsorship are not available at this time.

What's Next?

Apply Now!

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[email protected]

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