At a Glance
- Tasks: Lead risk management initiatives and collaborate with senior leaders to enhance operational resilience.
- Company: Join the British Business Bank, a key player in supporting UK businesses.
- Benefits: Enjoy 30 days annual leave, flexible working, and a generous pension contribution.
- Other info: Hybrid working model with a focus on wellbeing and collaboration.
- Why this job: Make a lasting impact on risk management while supporting smaller businesses across the UK.
- Qualifications: Significant experience in operational or technology risk within a regulated environment.
The predicted salary is between 72000 - 88000 £ per year.
Location: Sheffield / London / Hybrid Working (Expectation that you will attend an office 2 days per week)
Contract: Permanent
Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)
Salary: Up to £94,500 (Sheffield) / £118,125 (London) depending on experience
Benefits package:
- 30 days annual leave plus bank holidays (pro rata for part time), opportunity to buy and sell holiday
- 15% employer pension contribution, discretionary bonus scheme
- Flexible working, cycle to work scheme, healthcare cash plan and life assurance
- Paid voluntary days, maternity, adoption, and shared parental leave
- Benefits designed to suit your lifestyle - from discounts on retail and socialising, to health and wellbeing, travel, and technology and plenty more
THE ROLE
At the British Business Bank, you will have the opportunity to play a pivotal role in embedding and evolving first line risk management across our Chief Operating Office (COO). Working closely with senior leaders, you will provide strategic direction on risk, controls and operational resilience, helping to ensure our operational, technology, data and change functions deliver against the Bank's objectives within a well-governed risk framework.
As Director of First Line Risk, you will shape the approach to risk management across COO, influencing how risk is identified, assessed, managed and reported. You will partner with senior stakeholders to strengthen risk culture, enhance operational resilience and provide meaningful insight that supports informed decision-making. You will actively assure and oversee the Bank’s material and key control environment from a design and operating effectiveness standpoint. You will also work closely with Risk, Compliance and Internal Audit colleagues, ensuring a collaborative and forward-looking approach to managing risk across the organisation.
This is an opportunity to make a lasting impact. You will lead the continued development of a first line risk capability that supports operational excellence while enabling the business to achieve its strategic goals. Your work will span operational, technology, cyber, outsourcing and change risk, giving you broad exposure across the COO portfolio and the chance to influence outcomes at executive and Board level.
To succeed, you will bring significant experience in operational, technology or enterprise risk within a regulated environment. You will be comfortable engaging with senior stakeholders, providing challenge and insight, and translating complex risk information into practical recommendations. Most importantly, you will be motivated by the opportunity to help shape the future direction of risk management within a purpose-driven organisation that supports smaller businesses across the UK.
The British Business Bank is an established and influential institution with a key mission of driving sustainable growth and prosperity throughout the United Kingdom. It plays a vital role in supporting access to finance for smaller businesses, facilitating their development and contributing to the transition towards a net zero economy. Since its inception in 2014, the British Business Bank has functioned as a government-owned economic development bank, operating independently to fulfil its objectives. It collaborates with over 200 delivery partners, including high street, digital, specialist, and challenger banks, venture capital and private debt funds, as well as fintech platforms, to implement its programs effectively. With offices in Sheffield and London, the British Business Bank currently employs approximately 550 individuals.
As an organisation that values flexibility, wellbeing and collaboration, the British Business Bank introduced a hybrid-working model in 2020. Our colleagues typically spend an average of 2 days per week working in our offices, striking a balance between the advantages of remote work and the benefits of in-person collaboration. The successful candidate for this role should be able to commute to our office (unless specified).
At the British Business Bank, we aim to represent the communities we serve, firmly believing that different perspectives make us stronger. We strongly encourage applications from individuals with varied experiences and backgrounds. As a Disability Confident employer, we commit ourselves to having an inclusive, equitable and accessible recruitment process supporting applicants and employees, making reasonable adjustments whenever it is feasible.
Director COO Risk in London employer: British Business Bank
Join a forward-thinking Bank that prioritises local economic growth and offers a dynamic work environment for its employees. With a competitive compensation package, generous annual leave, and a strong focus on employee wellbeing, this role provides ample opportunities for professional development and strategic influence in one of the UK's most vibrant regions. The culture fosters collaboration and innovation, ensuring that you can make a meaningful impact while enjoying a flexible working arrangement.
StudySmarter Expert Advice🤫
We think this is how you could land Director COO Risk in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like British Business Bank looking for candidates who are engaged and informed.
We think you need these skills to ace Director COO Risk in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at British Business Bank. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at British Business Bank
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with British Business Bank’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
