Risk & Control Manager

Risk & Control Manager

Manchester Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Drive data risk assessment and implement compliance strategies in a collaborative environment.
  • Company: Join NatWest Group, a leading British banking and insurance company based in Edinburgh.
  • Benefits: Enjoy remote-first working, career advancement opportunities, and a supportive team culture.
  • Why this job: Make a real impact on data risk management while building your professional network.
  • Qualifications: Strong knowledge of data risk management and experience in leading governance teams required.
  • Other info: This role is part of the innovative Arago 2.0 Programme aimed at improving data risk compliance.

The predicted salary is between 43200 - 72000 £ per year.

Join us as part of our exciting new Arago 2.0 Programme, established to support the bank in achieving our ambition to return to green on data Risk by end of 2026. We’ll look to you to proactively drive the assessment and implementation of the data risk framework and DMOP policy compliance and changes, converting these into appropriate strategies and action plans. You will work in the BCBS239 workstream as part of Arago 2.0, delivering an improved compliance approach and improving our scores reported to the regulator. In this highly collaborative role, you’ll have an ideal platform for building your network and advancing your career, while helping to create a safer environment for the bank.

What you’ll do:

  • Arago 2.0 is structured across a number of key capabilities and workstreams to mitigate data risk, such as Data Management Maturity which will establish maturity across our data quality issue management strategy.
  • Integrated Data Management Platform that will develop a single platform that enables improved and secure data access.
  • Data Control by Design will deliver an uplift in data architecture and data management standards integrated into a single pane of glass view of our control environment.
  • BCBS239 will deliver an uplifted BCBS239 framework with clear next best actions to improve compliance.
  • You’ll have the responsibility of supporting management in their identification and assessment of material data risks, and in determining their position relative to agreed appetites.
  • Working with senior stakeholders across the bank, you’ll look to drive forward the development and delivery of remedial action plans where identified risks are considered out of appetite.
  • Supporting a culture of proactive and pre-emptive risk management and continuous improvement, and the attainment of operational risk objectives.
  • Analysing risk reporting and metrics used to inform decision making.
  • Coaching and supporting your colleagues across the bank to improve understanding and embed a proactive data risk culture.
  • Educating teams on the data risk framework and wider enterprise risk management framework, policy and regulatory reporting obligations, supporting the business in operating and embedding them.
  • Supporting and regularly engaging with stakeholders including second and third lines of defence and functional risk teams.
  • Ensuring internal and external stakeholder satisfaction by delivering risk and control actions in a timely manner.

The skills you’ll need:

  • We’re looking for a highly skilled leader with experience of applying risk and control management in an operational and strategic context.
  • Strong knowledge of data risk management.
  • Experience in leading risk governance teams.
  • Knowledge of BCBS239 is not essential but is preferred.
  • A track record in demonstrating active management and oversight of data risk.

Hours: 35

Job Posting Closing Date: 03/05/2025

Ways of Working: Remote First

About the company: NatWest Group plc, is a majority state-owned British banking and insurance holding company, based in Edinburgh, Scotland.

Risk & Control Manager employer: NatWest Group

At NatWest Group, we pride ourselves on being an exceptional employer, particularly for the Risk & Control Manager role within our innovative Arago 2.0 Programme. Our remote-first work culture fosters collaboration and flexibility, allowing you to build a robust professional network while contributing to vital data risk management initiatives. With a strong commitment to employee growth, we offer extensive training and development opportunities, ensuring you can advance your career in a supportive environment dedicated to continuous improvement and operational excellence.
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Contact Detail:

NatWest Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Risk & Control Manager

✨Tip Number 1

Familiarise yourself with the BCBS239 framework, even if it's not essential. Understanding its principles will help you engage in meaningful conversations with stakeholders and demonstrate your commitment to compliance.

✨Tip Number 2

Network with professionals in risk management and data governance. Attend industry events or webinars to connect with others in the field, which can provide insights and potentially lead to referrals for the role.

✨Tip Number 3

Showcase your leadership skills by discussing past experiences where you've successfully managed risk and control initiatives. Be prepared to share specific examples that highlight your ability to drive change and improve compliance.

✨Tip Number 4

Stay updated on the latest trends and regulations in data risk management. This knowledge will not only enhance your discussions during interviews but also position you as a proactive candidate who is genuinely interested in the field.

We think you need these skills to ace Risk & Control Manager

Data Risk Management
Risk Governance Leadership
BCBS239 Knowledge
Operational Risk Management
Strategic Risk Assessment
Stakeholder Engagement
Analytical Skills
Coaching and Mentoring
Regulatory Compliance
Data Quality Management
Proactive Risk Culture Development
Action Plan Development
Communication Skills
Continuous Improvement

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience in risk and control management, particularly in operational and strategic contexts. Use specific examples that demonstrate your knowledge of data risk management and any relevant frameworks.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Arago 2.0 Programme and how your skills align with the responsibilities outlined in the job description. Mention your experience with senior stakeholders and your ability to drive compliance improvements.

Highlight Relevant Skills: Clearly outline your leadership experience and any familiarity with BCBS239, even if it's not essential. Emphasise your track record in managing data risks and your ability to coach and support colleagues in understanding risk frameworks.

Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in risk management roles.

How to prepare for a job interview at NatWest Group

✨Understand the Data Risk Framework

Make sure you have a solid grasp of the data risk framework and DMOP policy compliance. Be prepared to discuss how you would assess and implement these frameworks in your role, as this will show your proactive approach to risk management.

✨Familiarise Yourself with BCBS239

While knowledge of BCBS239 isn't essential, having a basic understanding can set you apart. Research its principles and be ready to explain how they relate to data risk management and compliance.

✨Showcase Your Leadership Skills

As a Risk & Control Manager, you'll need to demonstrate strong leadership capabilities. Prepare examples from your past experiences where you've successfully led teams or projects, particularly in risk governance.

✨Engage with Stakeholders

Highlight your experience in working with various stakeholders, including second and third lines of defence. Discuss how you ensure stakeholder satisfaction and deliver timely risk and control actions, as collaboration is key in this role.

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