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For Companies At a Glance
- Tasks: Lead risk management for the Motor Finance division and engage with key stakeholders.
- Company: Aldermore Group is a forward-thinking financial services provider based in Cardiff.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional development.
- Why this job: Shape the future of Motor Finance while fostering a proactive risk culture.
- Qualifications: Experience in UK Consumer Credit and strong communication skills are essential.
- Other info: This role is pivotal within the senior leadership team and involves regular travel.
The predicted salary is between 54000 - 84000 £ per year.
This is a Permanent, Full-Time vacancy that will close in 13 days at 23:59 BST.
The Vacancy
Location: Cardiff with regular travel to London (Hybrid working)
Aldermore Group is seeking an experienced and forward-thinking Risk & Control Director to lead and strengthen the first line risk and control framework within our Motor Finance business. This is a pivotal leadership position that sits within both the Motor Finance senior leadership team and the wider Aldermore Group leadership community.
As the Risk & Control Director, you will take ownership of the risk profile for the Motor Finance division, ensuring alignment with the Group’s Risk Appetite, Frameworks, and Policies. Operating in the First Line of Defence, you will embed a robust risk culture and drive proactive risk management across the business.
This role involves engaging with stakeholders including the FCA, Board members, Group Executives, the Chief Risk Officer, the Second Line of Defence, investors, credit rating agencies, and more.
This position is Certified under the FCA’s Senior Managers & Certification Regime (SM&CR).
If you are a strategic thinker with deep expertise in risk and control and a passion for leading in a regulated environment, we invite you to help shape the future of Motor Finance at Aldermore.
- Oversight: Review and challenge of 1LOD risk management & control to ensure risks are managed within the Group’s risk appetite, frameworks, policies, and relevant regulations (e.g., CONC, DISP). Ensure risk management conforms to industry best practices.
- Strategic Partner: Act as a business partner to senior Motor Finance leaders to influence risk culture, identify emerging risks, and support risk mitigation strategies. Oversee incident management and root cause analysis.
- Leadership & Resilience: Lead, manage, develop, and coach a team of Risk & Control professionals to oversee risk management and provide expertise across the Group.
- Risk Appetite: Support the 2LOD Risk Function to set appropriate risk limits ensuring key risk metrics stay within approved constraints.
- Control: Implement and embed the Risk and Control self-assessment (RCSA) process, ensuring controls are fit for purpose and compliant with regulations such as Consumer Duty and the Consumer Credit Act.
- Insight & Analysis: Produce insights into the quality and concentration of Motor Financial & Non-Financial risks.
- Culture: Promote a risk-aware culture and foster collaboration with Audit and 2LOD Risk teams.
- Stakeholder Management: Engage with regulators, credit agencies, and third-party providers, providing advice and oversight.
- Governance: Participate in senior risk forums and governance bodies.
External Environment: Monitor external regulatory and legal developments affecting consumer finance and lead regulatory change initiatives.
About You:
- Experience in UK Consumer Credit sector, including CCA products.
- Understanding of Financial and Non-Financial Risks.
- Knowledge of UK regulators’ expectations, especially FCA and PRA, with experience in regulator engagement preferred.
- Strong communication skills to manage internal and external relationships and present to senior stakeholders.
- Experience in designing proportionate control frameworks tailored to specific risk profiles.
- Ability to write clear policies and procedures, and manage incident and operational risks.
We value diversity and are committed to an inclusive environment. We conduct thorough background checks, including criminal record verification.
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Risk & Control Director employer: MotoNovo Finance
Contact Detail:
MotoNovo Finance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk & Control Director
✨Tip Number 1
Network with professionals in the UK Consumer Credit sector, especially those who have experience with FCA and PRA regulations. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in risk management.
✨Tip Number 2
Familiarise yourself with Aldermore Group's current risk management practices and their approach to embedding a risk-aware culture. This knowledge will help you engage meaningfully during interviews and demonstrate your alignment with their values.
✨Tip Number 3
Prepare to discuss specific examples of how you've influenced risk culture in previous roles. Highlight your strategic thinking and leadership skills, as these are crucial for the Risk & Control Director position.
✨Tip Number 4
Stay updated on recent regulatory changes affecting consumer finance, particularly those relevant to the Motor Finance sector. Being knowledgeable about these developments will show your commitment to proactive risk management.
We think you need these skills to ace Risk & Control Director
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, particularly within the UK Consumer Credit sector. Emphasise your leadership roles and any specific achievements related to risk and control frameworks.
Craft a Compelling Cover Letter: In your cover letter, express your passion for risk management and your strategic thinking abilities. Mention how your experience aligns with the responsibilities of the Risk & Control Director role and how you can contribute to Aldermore's goals.
Showcase Your Communication Skills: Since strong communication skills are essential for this role, provide examples in your application of how you've effectively managed relationships with stakeholders, presented to senior leaders, or influenced risk culture in previous positions.
Highlight Regulatory Knowledge: Demonstrate your understanding of UK regulators' expectations, especially those of the FCA and PRA. Include any direct experience you have with regulator engagement or leading regulatory change initiatives in your application.
How to prepare for a job interview at MotoNovo Finance
✨Understand the Regulatory Landscape
Familiarise yourself with the UK Consumer Credit sector and the expectations of regulators like the FCA and PRA. Be prepared to discuss how these regulations impact risk management and control frameworks.
✨Demonstrate Leadership Skills
As a pivotal leadership position, showcase your experience in leading teams and developing a risk-aware culture. Prepare examples of how you've successfully managed and coached teams in previous roles.
✨Prepare for Stakeholder Engagement
Think about how you would engage with various stakeholders, including Board members and regulators. Be ready to discuss your approach to building relationships and influencing risk culture within an organisation.
✨Showcase Your Strategic Thinking
Highlight your ability to think strategically about risk management. Prepare to discuss how you would align the risk profile of the Motor Finance division with the Group’s overall risk appetite and frameworks.
