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- Tasks: Support teams in managing risks and controls effectively across the bank.
- Company: Join a small, dynamic commercial bank focused on enhancing risk management.
- Benefits: Enjoy a hybrid work model with flexibility to work from home.
- Why this job: Be part of a culture that values collaboration and continuous learning in risk management.
- Qualifications: Experience in financial services with a focus on risk, controls, or compliance is essential.
- Other info: Opportunity to develop your skills in a fast-paced, evolving environment.
The predicted salary is between 36000 - 60000 £ per year.
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This range is provided by dnevo Partners. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
Direct message the job poster from dnevo Partners
Enabling organisations to overcome Compliance, Risk & Reg. challenges
Our client, a small commercial bank is seeking to hire a first line Risk & Control Officer to ensure the bank is managing their risk and controls effectively. Risk is currently managed by the second line Risk Manager; however, it has been recognised that the bank needs to develop its Risk & Control framework further to gain better insight into the bank’s risks, Important Business Services and the quality of the controls that underpin each process.
The Risk & Control Officer will be focussed on working with each of the 1st line teams to ensure the Bank successfully embeds their risk management framework across the first line. You will be focussed on understanding the purpose of each of the first line teams and the identification of the banks key risks and controls.
These teams will turn to you for guidance, requiring support in the mitigation of any control weaknesses identified to help develop a strong risk culture.
You\’ll be responsible for:
- Developing operating effectiveness control testing to ensure that they have a complete
understanding of the control landscape and drive actions to address control weaknesses.
- Building your knowledge of the bank to support teams in developing new controls and
processes to create lasting solutions for minimising exposure to people, conduct and operational risks and the associated consequences, by identifying failed internal processes, inadequate controls, and emerging risks.
- Develop a real understanding of our risk exposure, control environment, deficiencies an
gaps by embedding good risk management practices through building positive relationships with stakeholders across the three lines of defence.
- Identifying and report risk and control deficiencies to 2nd line risk and manage any
mitigating actions.
- Maintaining the bank’s Operational Resilience monitoring and assessment processes
ensuring that the bank remains in accordance with Regulatory requirements.
- Creating management information for inclusion in Operational risk reporting packs, audit
and compliance assurance requests, to adhere to Regulatory requirements.
- Provide cover for 2nd line risk in periods of holidays/absence.
You should apply if you:
- Have worked in financial services, a regulated environment, with some experience and
understanding of risk, controls, and/or compliance.
- Have experience within risk management, incident analysis, risk reporting and control
testing.
- Have a good understanding of industry risk regulation/standards and practices and are keen
to learn more.
- Are curious and collaborative – you’re great at asking incisive questions to pick things up, get to the bottom of problems, and act on them quickly.
- Are a communicator, able to facilitate discussions, and influence others to gather
meaningful feedback and support on your work.
- Thrive when managing multiple deadlines through to completion and have excellent
- Are resilient and comfortable working in an ambiguous environment where the day-to-day
job is constantly evolving and changing.
- Are hands-on and great at execution.
- Are a self-starter and autonomous as well as being able to prioritise.
The bank is currently operating on a hybrid basis with two days in the office and three days from home.
Seniority level
-
Seniority level
Associate
Employment type
-
Employment type
Full-time
Job function
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Job function
Other
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Risk & Control Officer employer: dnevo Partners
Contact Detail:
dnevo Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk & Control Officer
✨Tip Number 1
Familiarise yourself with the specific risk management frameworks and regulations relevant to the banking sector. Understanding these will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals already working in risk management within financial services. Engaging with them can provide insights into the role and may even lead to referrals, increasing your chances of landing the job.
✨Tip Number 3
Prepare to discuss real-life scenarios where you've identified and mitigated risks or control weaknesses. This practical experience will showcase your problem-solving skills and ability to apply theoretical knowledge in a real-world context.
✨Tip Number 4
Demonstrate your collaborative skills by preparing examples of how you've worked with cross-functional teams in the past. Highlighting your ability to build relationships will resonate well with the bank's emphasis on teamwork and stakeholder engagement.
We think you need these skills to ace Risk & Control Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, controls, and compliance. Use specific examples from your past roles that demonstrate your understanding of risk frameworks and your ability to work collaboratively with teams.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the bank's mission. Discuss how your skills align with the responsibilities of the Risk & Control Officer position, particularly your experience in developing control testing and managing risk exposure.
Showcase Your Communication Skills: Since the role requires strong communication abilities, provide examples in your application of how you've effectively facilitated discussions or influenced stakeholders in previous positions. This will demonstrate your capability to build positive relationships across teams.
Highlight Your Problem-Solving Abilities: Emphasise your curiosity and analytical skills by detailing instances where you've identified risks or control deficiencies and successfully implemented solutions. This will show your proactive approach to risk management and your ability to thrive in an evolving environment.
How to prepare for a job interview at dnevo Partners
✨Understand the Risk Landscape
Before your interview, make sure you have a solid grasp of the bank's risk management framework. Familiarise yourself with common risks in the banking sector and be prepared to discuss how you would identify and mitigate these risks effectively.
✨Showcase Your Communication Skills
As a Risk & Control Officer, you'll need to communicate complex information clearly. Prepare examples of how you've facilitated discussions or influenced stakeholders in previous roles. This will demonstrate your ability to build positive relationships across teams.
✨Demonstrate Your Problem-Solving Ability
Be ready to discuss specific instances where you've identified control weaknesses and implemented solutions. Highlight your analytical skills and your approach to incident analysis, as this is crucial for the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle ambiguity and manage multiple deadlines. Think of scenarios where you've thrived under pressure and how you prioritised tasks to achieve successful outcomes.
