At a Glance
- Tasks: Lead a team ensuring compliance and risk management in banking operations.
- Company: Join a leading bank committed to customer success and sustainable growth.
- Benefits: Enjoy a diverse workplace, career development opportunities, and competitive perks.
- Why this job: Make a real impact on customer outcomes while shaping the bank's risk culture.
- Qualifications: 5 years in banking compliance or risk management; strong regulatory knowledge required.
- Other info: We value diversity and provide support throughout the recruitment process.
The predicted salary is between 43200 - 72000 £ per year.
Group Risk Overview Group Risk guides the Group in defining and articulating risk appetite, providing independent oversight and management of the Group\’s risk profile. The Group aims to: Enable customers, colleagues, and communities to thrive. Pursue its ambition to be the National Champion Bank in Ireland and pursue selective international diversification. Progress strategic priorities to serve customers brilliantly. Transform the Bank. Grow sustainable profits. Group Risk believes that excellent customer outcomes and risk management are connected through culture. The function maintains a strong risk culture, ensuring appropriate structures, policies, and controls are in place to manage risk effectively. Its goal is to support long-term returns through robust risk management, making Group Risk a strategic advantage. UK Risk Team Responsibilities The UK Risk Team protects the bank\’s balance sheet, customers, and reputation while supporting sustainable profitability. It comprises four teams—Credit Risk, Operational Risk & Financial Crime, Conduct & Compliance, and Prudential Risk—with approximately 240 staff across London, Bristol, Belfast, and Solihull. The team plays a key role in achieving UK and Group Risk strategic objectives. Role: Lead Compliance Consultant This role involves leading a team of Compliance Consultants to ensure independent, objective assurance activities that assess customer outcomes, risk management, and control operations. The Lead will design and conduct compliance reviews and customer outcome testing aligned with Consumer Duty and the Risk Management Framework. Key Responsibilities Manage review activities, including scope, objectives, timing, and stakeholder engagement. Engage with stakeholders to support assurance activities, issue resolution, and risk mitigation. Produce clear, impactful reports and assurance opinions. Assist in developing and updating the compliance assurance and testing plans. Deliver high-quality reports and management information on assurance outcomes. Minimum Requirements Strong knowledge of UK Financial Services regulations, especially Consumer Duty and Codes of Practice. At least 5 years in UK retail banking compliance or risk management, or 3 years in audit or assurance within retail banking. Understanding of banking products. Experience managing and developing teams. Excellent planning, organizational, and communication skills. Attention to detail and report writing proficiency. Key Competencies Customer Focused Team Collaboration Agility Accountability Risk Management Inclusion and Diversity We are committed to an inclusive and diverse workplace. We welcome applications from all backgrounds and provide accommodations during the recruitment process. If needed, please complete this form for assistance. #J-18808-Ljbffr
Risk Assurance Manager - Team Lead employer: Bank Of Ireland
Contact Detail:
Bank Of Ireland Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Assurance Manager - Team Lead
✨Tip Number 1
Familiarise yourself with the latest UK Financial Services regulations, particularly around Consumer Duty. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Network with professionals in the risk management and compliance sectors. Attend industry events or join relevant online forums to connect with others who can provide insights into the role and potentially refer you to opportunities.
✨Tip Number 3
Prepare to discuss your experience in managing teams and delivering high-quality reports. Be ready to share specific examples of how you've successfully led compliance reviews or risk assessments in previous roles.
✨Tip Number 4
Showcase your customer-focused mindset during interviews. Be prepared to discuss how your approach to risk management has positively impacted customer outcomes, aligning with the bank's goal of enabling customers to thrive.
We think you need these skills to ace Risk Assurance Manager - Team Lead
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Risk Assurance Manager position. Tailor your application to highlight your relevant experience in compliance and risk management.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in UK retail banking compliance or risk management. Mention specific projects or roles where you led teams or managed compliance reviews, as this aligns with the job's key responsibilities.
Showcase Your Skills: Demonstrate your planning, organisational, and communication skills in your application. Provide examples of how you've produced impactful reports or engaged with stakeholders to resolve issues, as these are crucial for the role.
Tailor Your Cover Letter: Craft a compelling cover letter that connects your background to the bank's goals. Discuss your understanding of UK Financial Services regulations and how your experience can contribute to the bank's ambition to be the National Champion Bank in Ireland.
How to prepare for a job interview at Bank Of Ireland
✨Know Your Regulations
Make sure you have a solid understanding of UK Financial Services regulations, especially Consumer Duty and Codes of Practice. Brush up on recent changes and be ready to discuss how they impact risk management and compliance.
✨Showcase Your Leadership Skills
As a Lead Compliance Consultant, you'll need to demonstrate your ability to manage and develop teams. Prepare examples of how you've successfully led teams in the past, focusing on collaboration and achieving objectives.
✨Prepare for Stakeholder Engagement
Engaging with stakeholders is crucial in this role. Think about how you've effectively communicated with various stakeholders in previous positions and be ready to share specific examples during the interview.
✨Emphasise Attention to Detail
Given the importance of producing clear and impactful reports, highlight your attention to detail and report writing skills. Bring along samples of your work if possible, or be prepared to discuss how you ensure accuracy in your reports.