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For Companies At a Glance
- Tasks: Support risk management and compliance in a fast-paced fintech environment.
- Company: Join Allica Bank, the UK's fastest-growing fintech firm.
- Benefits: Flexible working, private health cover, and generous family policies.
- Why this job: Make a real impact on SMEs and help shape a risk-focused culture.
- Qualifications: Strong risk knowledge and hands-on experience in controls and compliance.
- Other info: Diverse team with excellent development opportunities and a supportive work environment.
The predicted salary is between 36000 - 60000 £ per year.
Overview
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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.
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 the Head of Controls. You will be an integral part of an action orientated, fast moving team, responsible for successfully delivering First Line of Defence capability within the bank.
Role Description
- Partner with the Transaction Banking business, who are responsible for our Business Reward Account and Saving Account offerings, to embed the Risk Management Framework, including policies and procedures.
- Support the ongoing compliance with Consumer Duty regulatory requirements, including facilitation of the annual Consumer Duty Board report.
- Testing of existing and new key controls in line with agreed schedule, informing the nonfinancial risk profile and required management actions.
- Support the coordination and facilitation of the bank’s Risk and Control Self-Assessment (RCSA) and administration of the bank’s annual RCSA refresh.
- Support the capital calculation for Operational Risk as part of the ICAAP, including scenario analysis.
- Hands on support in the update of risk information on the bank’s Risk systems, including ensuring risk events are appropriately raised and managed.
- Assembling informed quantitative and qualitative input into First Line Risk Reporting at relevant committees.
Principal Accountabilities
- Provide hands-on Risk support across the bank from a First Line Controls perspective.
- Partner with the business to ensure ongoing active management of risk and embedding of the Risk Management Framework.
- Deputise as required at meetings for the Head of Controls
- Support the ongoing monitoring and reporting of risk through relevant governance.
- Help promote a risk-focused culture across the bank, embodying Allica’s values
Personal Attributes & Experience
- Strong Risk knowledge and experience including RCSAs, Controls and Risk Libraries, risk event reporting
- Knowledge of relevant non-financial risk regulatory requirements, e.g. on Operational Resilience, Outsourcing is desirable.
- Hands on experience of assurance/monitoring of risks and controls across non-financial risk disciplines
- Willing to be very hands-on and ability to adapt quickly to the workflow in support of the 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.
- Ability to provide necessary challenge in a constructive manner.
- Strong team player, with focus on ongoing development to support meeting objective of the team.
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
Don’t tick every box? Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!
Flexible working
We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.
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.
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Other
Industries
- Financial Services and Banking
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Business Risk & Controls Manager employer: Allica Bank
Contact Detail:
Allica Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Risk & Controls Manager
✨Tip Number 1
Network like a pro! Reach out to people in your industry on LinkedIn or at local events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by researching Allica Bank and its values. Show us how your skills align with our mission to support SMEs, and don’t forget to have some questions ready!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online platforms. The more comfortable you are, the better you’ll perform when it counts.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Business Risk & Controls Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Business Risk & Controls Manager. Highlight your relevant experience in risk management and controls, and don’t forget to showcase any hands-on experience you have!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about working at Allica Bank and how your skills align with our mission to support SMEs. Keep it engaging and personal!
Showcase Your Communication Skills: Since strong written and presentation skills are key for this role, make sure your application reflects that. Use clear, concise language and structure your documents well to demonstrate your ability to communicate effectively.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Allica Bank
✨Know Your Risk Management Framework
Make sure you understand the Risk Management Framework thoroughly. Be prepared to discuss how you've embedded similar frameworks in past roles and how you can apply that knowledge at Allica Bank.
✨Showcase Your Hands-On Experience
Highlight your hands-on experience with RCSAs and controls during the interview. Share specific examples of how you've tested key controls and managed risk events, as this will demonstrate your practical knowledge and ability to adapt quickly.
✨Communicate Effectively Across Levels
Since strong written and presentation skills are crucial, practice articulating complex risk concepts clearly and concisely. Prepare to explain how you've communicated risk management strategies to different levels of seniority in previous roles.
✨Emphasise Team Collaboration
Allica values teamwork, so be ready to discuss how you've worked collaboratively in past positions. Share examples of how you've supported your team in achieving objectives and promoted a risk-focused culture within your organisation.
