Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead risk management for payment processes and ensure compliance with regulations.
- Company: Join a reputable bank focused on secure payment systems and innovative financial solutions.
- Benefits: Enjoy competitive pay, career growth opportunities, and a collaborative work environment.
- Why this job: Make a real impact in fraud prevention and enhance payment security while developing your leadership skills.
- Qualifications: Experience in payment risk management and strong knowledge of UK banking regulations required.
- Other info: This role offers the chance to work with cutting-edge technology and industry experts.
The predicted salary is between 43200 - 72000 £ per year.
As the Payment Risk Manager, you will be responsible for overseeing the identification, assessment, and mitigation of risks associated with payment processes across the bank. This role ensures that payment operations comply with regulatory requirements and internal risk frameworks while implementing robust fraud prevention measures. The Payment Risk Manager will lead a team, develop risk strategies, and collaborate with stakeholders to maintain the security and integrity of the bank’s payment systems and processes.
About the Role
- Manage the mobilisation and realisation of a range of Payment Risk optimisation initiatives including Target Operating Model, risk reporting, process improvement and business planning.
- Support the effective set-up and on-going management of the Payment Risk Change Forum.
- Liaise with colleagues across Payments, Risk and the wider Group to ensure effective delivery.
- Develop key stakeholder messaging e.g. ERC, BRC, Risk SLT.
- Engage with third parties e.g. consulting firms to ensure Aldermore is tapped into the latest industry thinking on risk management.
- Develop proposals to drive Risk effectiveness and efficiency.
- Support colleagues across a wide range of activities.
This is a second line role reporting to the Head of Payments, supporting them across a range of Risk function plans, initiatives and priorities.
About You
- High attention to detail and a proactive approach to resolving payment issues.
- Strong communication and interpersonal skills, with a customer-first mindset.
- Familiarity with payment processing systems and digital banking platforms.
- Extensive experience in payment risk management, fraud prevention, or financial crime within banking or financial services.
- Strong knowledge of UK banking regulations, including FCA, PSD2, AML, and financial crime compliance.
- Experience managing risk frameworks for payment systems such as CHAPS, Bacs, Faster Payments, SWIFT, and Open Banking.
- Proficiency in data analytics and risk assessment tools.
- Strong leadership and stakeholder management skills.
- Ability to work under pressure and adapt to evolving threats in the payment landscape.
Risk Responsibilities
- Payment Risk Strategy & Oversight: Develop and implement payment risk management frameworks and policies. Identify emerging risks in payment channels, including Faster Payments, CHAPS, Bacs, SWIFT, and Open Banking. Ensure compliance with regulatory requirements such as FCA, PSD2, AML, and Payment Services Regulations.
- Fraud Prevention & Financial Crime Risk Management: Oversee fraud detection and prevention measures across all payment channels. Work closely with fraud and financial crime teams to mitigate payment-related risks. Lead investigations into high-risk transactions and support regulatory reporting.
- Regulatory Compliance & Governance: Ensure adherence to UK and international regulations governing payments and financial crime. Support the implementation of robust security measures. Liaise with regulators, auditors, and industry bodies on payment risk matters.
- Stakeholder Engagement & Collaboration: Work closely with IT, Operations, Compliance, and Financial Crime teams to improve payment security. Act as a key contact for external partners, payment providers, and regulators on risk-related issues. Provide training and guidance to teams on payment risk policies and best practices.
- Monitoring, Reporting & Continuous Improvement: Develop risk dashboards and provide regular reports to senior management. Monitor key risk indicators (KRIs) and key performance indicators (KPIs) for payment security. Continuously review and enhance risk controls and mitigation strategies.
Payments Risk Manager employer: psd group
Contact Detail:
psd group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Payments Risk Manager
✨Tip Number 1
Familiarise yourself with the latest trends in payment risk management. Attend webinars or workshops related to fraud prevention and compliance regulations like FCA and PSD2. This will not only enhance your knowledge but also show your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the banking and financial services sector. Join relevant LinkedIn groups or forums where you can engage in discussions about payment systems and risk management. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed payment risks in previous roles. Think about challenges you've faced and how you overcame them, as this will demonstrate your problem-solving skills and experience during interviews.
✨Tip Number 4
Research StudySmarter's approach to payment risk management and be ready to share your thoughts on how you could contribute to our initiatives. Tailoring your insights to align with our values and goals can make a strong impression during the interview process.
We think you need these skills to ace Payments Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in payment risk management, fraud prevention, and compliance with UK banking regulations. Use specific examples that demonstrate your skills in these areas.
Craft a Strong Cover Letter: Write a cover letter that clearly outlines your understanding of the role and how your background aligns with the responsibilities of a Payments Risk Manager. Mention your leadership experience and ability to work under pressure.
Highlight Relevant Skills: In your application, emphasise your proficiency in data analytics and risk assessment tools, as well as your strong communication and stakeholder management skills. These are crucial for the role.
Showcase Your Knowledge of Regulations: Demonstrate your familiarity with key regulations such as FCA, PSD2, and AML in your application. This will show that you understand the compliance landscape and can navigate it effectively.
How to prepare for a job interview at psd group
✨Know Your Regulations
Familiarise yourself with UK banking regulations such as FCA, PSD2, and AML. Be prepared to discuss how these regulations impact payment risk management and how you have ensured compliance in your previous roles.
✨Demonstrate Leadership Skills
As a Payments Risk Manager, you'll be leading a team. Share examples of how you've successfully managed teams in the past, focusing on your leadership style and how you motivate others to achieve common goals.
✨Showcase Your Analytical Skills
Highlight your proficiency in data analytics and risk assessment tools. Be ready to discuss specific instances where your analytical skills helped identify or mitigate payment risks effectively.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Think of examples where you identified emerging risks or implemented fraud prevention measures, and be ready to explain your thought process.
