![]() ![]() “If you’re changing roles, you should indicate why you’re interested in moving, highlighting that you want to learn new skills and that you also possess some transferable skills.” State long-term goals And also, as regulatory demands increase, highlighting project work can add more substance to a market risk CV, especially in areas like stress testing.” Show transferrable skillsĪs banks expand their risk departments, it’s becoming more common for candidates to move between different risk function, says Mak from Randstad. Lam adds: “Market risk managers should share a full view of their asset class coverage. “The cover letter is a great tool to highlight your technical skill-sets in market risk, so incorporating product knowledge is essential,” says Dumitru. “So on your cover letter demonstrate not only in-depth knowledge of ORM, but also broader exposure to different facets of risk management and related functions in the bank that are relevant in this new ORM era.” Market risk: product expertise is key “Recent changes in financial regulations demand that operational risk professionals move from a reactive to a more proactive approach,” says Claudia Dumitru, a risk and compliance consultant at recruiters Astbury Marsden. Use numbers and state your approval authority if any,” says Lam. “In credit risk be sure to highlight your client and sector coverage – for example ‘TMT and commodities companies in Southeast Asia’ – and documentation experience. And state your actual involvement in any risk committee – participating and presenting is very different from just preparing the decks.” Credit risk: summarise your coverage in your cover letter “Your ability to confidently report and regulate front-office traders is something a potential employer will want to see in a cover letter.” Lam from Robert Walters adds: “Be specific here – instead of saying ‘I have interacted with senior stakeholders’, say ‘stakeholders at director, MD and head-of-department levels'. “List the level of senior management interaction you’ve had – this is particularly important if the new risk job requires working with anyone close to or in the front office,” says Findlay. “Risk is now instrumental to the whole bank, so an ability to face off and communicate effectively to all functions is crucial, as is an understanding of how different departments operate.” Show off any senior stakeholder experience ![]() ![]() “Make sure you inform the reader of your risk management cover letter about all the areas of the bank you have dealt with,” advises Findlay. Demonstrate your cross-department communication skills ![]() “Careers in risk are increasingly dictated by current and upcoming financial regulations, so articulating your in-depth understanding of regulations and your direct experience in dealing with them goes a long way,” says James Findlay, head of risk and compliance at recruitment firm Selby Jennings. Highlighting these will help your potential employer identify your strengths and differentiate you from other candidates.” Focus on regulations in your risk management cover letter “This is especially important if you’ve accomplished something outstanding in preparing risk frameworks or risk controls. Your risk resume should already be full of achievements, but you’ll also want to more briefly mention the top two or three most significant ones in your cover letter, says Mak. “Any experience or knowledge that spans longer than that may be outdated given tighter risk control and changing guidelines.” Pick your top achievements Once you’ve stated the length of your risk career, you then only need to provide details of the past four or five years, says Andrea Mak, a manager of banking and financial services at recruitment agency Randstad. “Hiring managers may not pay much attention if you write ‘worked as a credit analyst in three global banks’ – so instead write that you have ‘eight years of experience’.” But don’t go too far back in your risk cover letter Make it easy for hiring managers and recruiters to see your level of experience by stating the number of years you’ve worked in your field of risk towards the top of the cover letter, says Yimin Lam, a manager of financial services risk at recruiters Robert Walters. Here are some expert tips to help you perfect your risk management cover letter. Recruiters and hiring managers will often read this before they even bother to open your resume, so it’s vital that you get it right. However, one thing still stands in your way – your cover letter. In theory, you should be a shoo-in for getting a job interview. You work in risk management and you have solid experience and a well-crafted CV. ![]()
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