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For Companies At a Glance
- Tasks: Manage compliance and controls for savings activities, ensuring quality assurance and customer outcomes.
- Company: Join a leading financial services firm committed to excellence and compliance.
- Benefits: Enjoy 27 days annual leave, private healthcare, and a flexible benefits scheme.
- Why this job: Be part of a dynamic team focused on risk management and regulatory compliance in a hybrid work environment.
- Qualifications: Experience in risk and controls, strong communication skills, and knowledge of banking regulations required.
- Other info: Opportunity for an annual bonus and participation in a car loan scheme.
The predicted salary is between 43200 - 72000 £ per year.
We are delighted to be working with one of our key clients who are looking to appoint a Risk & Control Manager who will be responsible for maintaining the highest standard of compliance and first line controls for the savings activity in line with their procedures, company risk appetite and regulations. The job holder manages quality assurance of key outsourced suppliers, ensuring SLAs are respected whilst delivering good customer outcomes. This is a hybrid role, with the expectation to work 2 days a week in the office.
Accountabilities & Responsibilities:
- Manage and coordinate Saving’s activities FLOCs, EWI, Risk & AML reporting.
- Manage and develop relationship with new quality assurance supplier, creating and embedding control scorecards.
- Develop MI and analysis for customers’ deposit accounts, transactions, and profiles in line with the banks risk appetite, to prevent financial crime and money laundering.
- Build and develop 1LOD controls to manage key regulatory, conduct and operational risks.
- Lead and develop relationships with relevant compliance suppliers ensuring that KPIs are met with maximised service.
- Strong awareness of evolving regulation on Consumer Duty, Financial Crime, as well as understanding of industry best practice on regulatory topics to ensure the Savings activity remains compliant.
- Implement key Compliance and AML projects, working with various stakeholders for delivery. HQ/2LOD & Outsourced partners. (e.g. Confirmation of Payee, Periodic Reviews).
- SCV (Single Customer View) testing and governance.
- Ensure good customer outcomes are being delivered through 1LOD controls.
- Continuously monitor and support the compliance and governance framework, focusing on the performance of team controls and their effectiveness in mitigating risk.
Knowledge & Skills:
- Experienced in working within the 1LOD within a risk and controls capacity.
- Strong communicator.
- Excellent organizational skills.
- Ability to work autonomously and under pressure.
- Attention to detail, high quality documentation.
- Self-driven and proactive approach to achieving company goals.
- Risk awareness to make the right decisions, mitigating issues.
- Experience of managing a team.
- Good knowledge of Consumer Duty, Financial Crime and Banking regulations.
- Experience within Financial Services.
The benefits are as follows:
- 27 days annual leave + 2 extra half days (Christmas Eve and New Year’s Eve) + Bank Holidays.
- Private Healthcare - Self + Partner Cover.
- Annual bonus scheme - up to 10% non-contractual bonus.
- COP Car Scheme (£37.50 per month) - Available to order within the first month.
- Loan Plan Scheme - entitled up to 2 vehicles at any one time.
- Employee pension contribution of 3.5%/Employer pension contribution of 7.22%.
- Flexible Benefit Scheme.
Contact Detail:
Birchlake Recruitment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk & Control Manager
✨Tip Number 1
Familiarise yourself with the latest regulations and best practices in risk management, particularly around Consumer Duty and Financial Crime. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the financial services sector, especially those who work in risk and compliance roles. Engaging with industry peers can provide valuable insights and may even lead to referrals that could enhance your chances of landing the job.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed risk and controls in previous roles. Highlighting your experience with quality assurance and relationship management will show that you have the practical skills needed for this position.
✨Tip Number 4
Demonstrate your proactive approach by researching StudySmarter's current initiatives and values. Tailoring your conversation to align with our goals can set you apart and show that you're genuinely interested in contributing to our team.
We think you need these skills to ace Risk & Control Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management and compliance. Use specific examples that demonstrate your ability to manage first line controls and quality assurance, as these are key responsibilities for the Risk & Control Manager role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Discuss your understanding of Consumer Duty and Financial Crime regulations, and how your skills align with the job requirements. Be sure to mention any experience you have with managing teams or developing relationships with suppliers.
Showcase Your Skills: Highlight your strong communication and organisational skills in both your CV and cover letter. Provide examples of how you've worked autonomously under pressure and maintained high-quality documentation in previous roles.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects attention to detail, which is crucial for a role focused on compliance and risk management.
How to prepare for a job interview at Birchlake Recruitment Ltd
✨Understand the Regulatory Landscape
Familiarise yourself with the latest regulations related to Consumer Duty and Financial Crime. Being able to discuss these topics confidently will demonstrate your expertise and commitment to compliance.
✨Showcase Your Communication Skills
As a Risk & Control Manager, strong communication is key. Prepare examples of how you've effectively communicated with stakeholders or managed relationships with suppliers in previous roles.
✨Demonstrate Your Analytical Abilities
Be ready to discuss how you've developed management information (MI) and analysis in past positions. Highlight specific instances where your analytical skills helped prevent financial crime or improved compliance.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-life situations related to risk management and compliance. Think of scenarios where you successfully implemented controls or resolved compliance issues.
