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- 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 36000 - 60000 £ 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.
Risk & Control Manager employer: Birchlake Recruitment Ltd
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 or recommendations for the position.
✨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 set you apart from other candidates.
✨Tip Number 4
Showcase your organisational skills by being well-prepared for any discussions or interviews. Bring along relevant documentation or case studies that illustrate your ability to implement effective controls and manage compliance projects.
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 keywords from the job description, such as '1LOD', 'AML', and 'Consumer Duty' to demonstrate your understanding of the role.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about risk management and how your skills align with the company's needs. Mention specific examples of your past achievements in managing compliance and controls.
Showcase Your Communication Skills: Since strong communication is essential for this role, consider including examples in your application that demonstrate your ability to build relationships and coordinate with stakeholders effectively.
Highlight Relevant Knowledge: Emphasise your knowledge of financial regulations and best practices in your application. Discuss any experience you have with financial crime prevention and how it relates to the responsibilities of the Risk & Control Manager position.
How to prepare for a job interview at Birchlake Recruitment Ltd
✨Showcase Your Risk Management Knowledge
Make sure to highlight your understanding of risk and control frameworks, especially within the context of financial services. Be prepared to discuss specific regulations like Consumer Duty and Financial Crime, as well as how you've applied this knowledge in previous roles.
✨Demonstrate Strong Communication Skills
As a Risk & Control Manager, you'll need to communicate effectively with various stakeholders. During the interview, practice articulating your thoughts clearly and concisely, and be ready to provide examples of how you've successfully managed relationships with compliance suppliers or team members.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world situations. Think of scenarios where you had to implement controls or manage risks, and be ready to explain your thought process and the outcomes of your actions.
✨Emphasise Your Attention to Detail
Given the nature of the role, attention to detail is crucial. Be prepared to discuss how you ensure high-quality documentation and compliance in your work. You might want to share specific examples where your meticulousness led to positive results.
