Business Risk & Controls Analyst

About Allica Bank

Allica is the UK’s fastest growing company – and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.

Established SMEs are the backbone of local communities – representing over a third of our economy – yet have been largely neglected both by traditional high street banks and modern fintech providers.

Department Description

This role sits within the Controls function, reporting to Head of Controls. You will be an integral part of an action orientated, fast moving team, responsible for successfully delivering a robust business controls First Line of Defence capability within the bank.

Role Description

Supports the Business Risk and Controls Team in delivering the risk & control management program, including conduct and operational related risk.

Responsibilities include:

• Performing analysis and identifying trends from risk management and internal control data, creating reporting for internal and external use, including for the Bank’s governance committees.
• Providing administrative support to Business Risk & Control Team led projects and initiatives to drive improvements to key processes and controls, including tracking of deliverables and agreed actions.
• Building relationships with risk and control owners to support the identification, assessment, monitoring, measurement, and reporting on risks, controls, mitigation activities and key risk indicators.
• Supporting business areas with day-to-day risk questions regarding risk management and internal control processes, including management of the team mailbox.
• Facilitating the triage of risk events and issues, partnering with business areas to evaluate process or control breakdowns (including root cause analysis) and ensuring that remediation is tracked.
• Supporting the business to raise self-identified issues and conducting deep dive reviews into areas of thematic control weakness.
• Supporting the coordination and facilitation of the bank’s Risk and Control Self-Assessment (RCSA) and administration of the bank’s periodic RCSA refresh.
• Conducting periodic control testing and sampling on allocated controls in the risk management system and supporting the development of mitigation measures for failed controls.
• Managing the Business Risk and Control Team’s suite of procedures, ensuring they are refreshed in accordance with agreed review periods.

Principal Accountabilities

Provide hands-on support across the bank from a First Line Business Risk and Control Team perspective, supporting the management of risks, controls, risk mitigation, and KRIs.

Support with ongoing active management of risk and embedding of the Risk Management Framework, including supporting RCSAs, risk events, issues and control testing.

Support the Business Risk & Control Manager(s) through coordinating Business Risk and Control Team initiatives, responding to business queries, and maintaining team procedures.

Support the ongoing monitoring and reporting of risk through relevant governance, including analysis and interpretation of risk management and internal control data, and conducting deep dive reviews into thematic issues.

Deliver accurate risk management and internal control reporting, through use of the Bank strategic risk management solution.

Help promote a risk-focused culture across the bank, embodying Allica’s values

Personal Attributes & Experience

Analytical mindset and experience working with data, calculating metrics and trend analysis.

Strong team player, with experience working with and managing stakeholders outside of immediate team. This includes working collaboratively to meet objectives and providing challenge in a constructive manner.

Good understanding of how risks arise and how to mitigate risk, supported by experience working in any operationally heavy business. Further knowledge of operational risk management and internal control practices including RCSAs, internal controls, risk event reporting, Operational Resilience requirements is desirable but not required if there is a strong willingness to learn.

Willing to be very hands-on and adapt quickly to the workflow of the Business Risk and Controls team, with focus on delivering results and meeting deadlines.

Strong written and presentation skills, supported by experience of communication across different levels of seniority.

Hands on experience of assurance/monitoring of risks and controls, including control testing.

Bachelor\’s/master\’s degree in finance, Risk Management, Business, or related field.

Possess strong data analytics skills, with proficiency in MS Excel, and familiarity with advanced data analysis tools.

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities
• Options for flexible working
• Regular social activities
• Pension contributions
• Discretionary bonus scheme
• Private health cover
• Life assurance
• Family friendly policies including enhanced Maternity & Paternity leave

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.