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- Tasks: Identify and manage operational, conduct, and regulatory risks in payments.
- Company: Join Nationwide, a member-focused organization with 15 million members.
- Benefits: Enjoy hybrid working, a personal pension plan, life assurance, and 25 days holiday.
- Why this job: Shape risk management strategies in a dynamic team while growing your career.
- Qualifications: Experience in risk management frameworks and strong communication skills required.
- Other info: Work at least two days a week in our Swindon office.
The predicted salary is between 43200 - 72000 £ per year.
At Nationwide we openly put our 15 million members at the centre of every decision we make as a business. Payments regulatory management is progressively becoming more specialised resulting in a need to adopt a more proactive approach in addressing emerging threats to protect our members and the services, whilst minimising Nationwide’s exposure to operational losses and to protect the reputation of the Society.
We are pleased to offer an exciting opportunity to join our Payments Governance, Risk and Controls team as a Risk and Controls Manager. In this role, you will identify, assess and report upon operational, conduct, and regulatory risks within Payments. You will also manage and administer the Payments Policy and Minimum Control Standards, including the development and assessment of key controls and indicators.
Joining our dynamic and innovative team will offer you opportunities for growth and career progression. This position will also allow you to shape our activities, bringing your expertise and fresh ideas to the forefront.
At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.
For this job you’ll spend at least two days per week, or if part time you’ll spend 40% of your working time, based at our Swindon office. You can also find out more about our approach to hybrid working here .
Identify, assess, and manage operational, conduct, and regulatory risks related to payment processes and services. Develop and implement risk mitigation strategies and controls
Oversee the Payments Policy, ensuring it is up-to-date and compliant with regulatory and 2LoD requirements. Design, implement, and monitor controls and key control indicators to ensure adherence to the policy
Collaborate with senior internal and external stakeholders to identify dependencies and manage risks. Analyse relevant documentation to ensure controls and risk mitigants are appropriate. Prepare and present risk reports to senior management and other stakeholders.
Lead risk assessment and scenario planning exercises to anticipate and address potential risks. Provide training and support to team members on risk management practices and policies. Foster a culture of risk awareness and proactive risk management within Payments and the wide Society.
We’re interested in people who enjoy and are used to working in a fast-paced environment and have a real interest and passion for Risk, Policy and Controls.
You’ll understand that your stakeholders are subject matter experts and you’ll the value of perspectives, which allows you to build and maintain trust and thriving relationships over the long term.
Advanced problem-solving skills to address and mitigate risk and control exposures. Significant experience and understanding of the design and delivery of Risk and Controls Management Frameworks, policies and processes.
A blend of technical risk expertise and business acumen and able to understand the full risk and controls landscape and anticipate the changes within the industry and financial services.
Experience of working in a regulated environment and good understanding of customer outcomes, Nationwide Risk & Controls Frameworks and risk reporting
Strong communication skills and a proven track record and ability to influence across the Society and associated Partners at an executive level
It’s also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
Push for better – This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
~ Life assurance worth 8x your salary
~ A great selection of additional benefits through our salary sacrifice scheme
~ Access to an annual performance related bonus
~ Access to training to help you develop and progress your career
~25 day holiday, pro rata
Risk Manager / Senior Manager employer: Nationwide Building Society
Contact Detail:
Nationwide Building Society Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Manager / Senior Manager
✨Tip Number 1
Familiarize yourself with the Payments Governance, Risk and Controls framework. Understanding how these frameworks operate within Nationwide will help you demonstrate your knowledge during interviews and discussions with stakeholders.
✨Tip Number 2
Network with professionals in the risk management field, especially those who have experience in payments and regulatory environments. Engaging with industry experts can provide insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest trends and regulations in payment processes and risk management. Being able to discuss current events and their implications on risk management will showcase your proactive approach.
✨Tip Number 4
Prepare to discuss specific examples of how you've successfully identified and mitigated risks in previous roles. Concrete examples will illustrate your problem-solving skills and ability to influence stakeholders effectively.
We think you need these skills to ace Risk Manager / Senior Manager
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Risk Manager position at Nationwide. Understand the key responsibilities and required skills, such as risk assessment, regulatory compliance, and stakeholder management.
Tailor Your CV: Customize your CV to highlight relevant experience in risk management, policy development, and controls. Use specific examples that demonstrate your problem-solving skills and ability to work in a fast-paced environment.
Craft a Compelling Cover Letter: Write a cover letter that reflects your passion for risk management and your understanding of the financial services industry. Mention how your background aligns with Nationwide's values and the specific requirements of the role.
Showcase Communication Skills: In both your CV and cover letter, emphasize your strong communication skills. Provide examples of how you've influenced stakeholders and built relationships in previous roles, as this is crucial for the position.
How to prepare for a job interview at Nationwide Building Society
✨Understand the Risk Landscape
Make sure you have a solid grasp of the current risk and controls landscape, especially in the payments sector. Be prepared to discuss recent trends and emerging threats that could impact operational and regulatory risks.
✨Showcase Your Problem-Solving Skills
Prepare examples from your past experience where you've successfully identified and mitigated risks. Highlight your advanced problem-solving skills and how they can benefit the Payments Governance, Risk and Controls team.
✨Communicate Clearly and Effectively
Demonstrate your strong communication skills by articulating complex risk concepts in a clear and concise manner. Remember, it's important to use language that resonates with both technical and non-technical stakeholders.
✨Emphasize Collaboration and Relationship Building
Discuss your experience working with senior internal and external stakeholders. Highlight how you build trust and maintain long-term relationships, as this is crucial for managing risks effectively within the organization.
