Overview
In this 1LoD role, you own risk and control activities for the UK Operations function, partnering with Risk, Compliance and business stakeholders to ensure a robust control environment within regulatory appetite. You will design, test and maintain controls, support risk-based reporting, and drive remediation and improvement actions. The role sits in a mature risk framework, offering exposure to operational, change and compliance risk across business processes. You will act as a trusted risk partner, promoting a strong control culture and cross-functional collaboration.
Pay / Benefits
- hybrid schedule (Croydon or Birmingham)
- international career opportunities
- commitment to diversity and inclusion
- opportunities to work with Risk and Compliance
- inclusive culture
- employee development focus
Responsibilities
- Own and execute risk management within the function by documenting processes, risks, controls and residual exposures
- Design, implement and maintain 1LoD controls aligned with Group and UK frameworks focusing on operational, change and compliance risks
- Test key control design and effectiveness per risk-based plan; support RCSA and attestations
- Track remediation, transformation and enhancement actions including audit/compliance findings
- Contribute risk and control input to change initiatives ensuring risk identification and management throughout implementation
- Log and manage operational risks/incidents/near misses with root-cause analysis and corrective actions
- Monitor risk appetite metrics, KRIs and control indicators; identify breaches and emerging risks
- Support third-party risk management and AI Governance framework requirements
- Produce timely MI on risk and control to governance forums for actionable insight
- Represent risk profile in governance groups and escalate material concerns
- Act as a 1LoD risk partner with constructive challenge and collaboration with 2LoD/assurances
Key requirements
- Relevant degree in Business, Finance, Risk, Accounting or related discipline
- Professional qualification in Risk Management, Internal Control, Audit or Accounting desirable
- Experience in first line risk, operational risk management, internal controls or RCSA in a regulated financial services environment
- Understanding of end-to-end functional processes and key risks and controls
- Knowledge of risk management frameworks and UK regulatory expectations for 1LoD
- Ability to operate within a matrix organisation and influence stakeholders without direct authority
- Analytical capability with ability to produce clear risk and control MI
- Strong IT skills and good knowledge of Microsoft Office
- Early adopter of AI and automation tools
- Ownership mindset and accountability
- Attention to detail and proactive problem solving
- Pragmatic, solutions-focused with commercial awareness
- Risk management frameworks
- Control design and testing methodologies
- RCSA delivery and control effectiveness attestations
UK (1LoD) Risk & Control Officer (RCO) - [Regulatory Operations]: in London employer: Allianz
Allianz Commercial is an exceptional employer, offering a dynamic and inclusive work culture that prioritises employee growth and development. With a strong focus on career advancement through tailored training programmes and flexible working options, employees can thrive in their roles while enjoying a comprehensive benefits package. The home-based nature of the Senior Risk Control Surveyor position, combined with opportunities for travel across the UK, allows for a unique work-life balance and the chance to engage directly with clients in diverse environments.
