Risk Analyst | S2 | Non-Financial Risk Reporting Oversight & Governance | Multiple Locations | Internal Mobility in Milton Keynes

Country: United Kingdom

IT STARTS HERE

Santander is evolving from a global, high-impact brand into a technology-driven organisation, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.

Our mission is to contribute to help more people and businesses prosper. We embrace a robust risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

Retail & Commercial Banking is a global business integrating all our retail and commercial banking activities to better serve our customers, improve efficiency and drive value creation.

THE DIFFERENCE YOU MAKE

Retail & Commercial Banking is looking for a Risk Analyst. Based out of Milton Keynes, Belfast, Bradford or Glasgow. The Non-Financial Risk Reporting, Oversight and Governance team, within the Central Controls Office, supports the business through risk reporting and management information, risk monitoring and coordination, risk insight and oversight, governance and continuous improvement.

As a Risk Analyst, you'll play an important role in strengthening first-line risk management through data analysis, risk insight and effective monitoring. You'll use information from a range of risk and reporting systems to identify trends, themes, weaknesses and emerging areas of concern across non-financial risk, translating your findings into clear and meaningful insight for Business Risk Partners, senior management and risk governance forums.

You’ll also support the continued transition of risk reporting and monitoring activities from the second line of defence into the first line of defence, helping to embed effective processes, identify opportunities for improvement and strengthen how risk information is used to support decision-making.

We’re shaping the way we work through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will be responsible for:

• Extracting, validating, interrogating and analysing data from multiple risk and reporting systems to identify trends, themes, emerging risks, control weaknesses, deficiencies and other areas requiring management attention.
• Undertaking thematic analysis across divisions, domains and non-financial risk types, identifying underlying drivers and translating complex information into clear, evidence-based risk insight and recommendations.
• Producing management information, data visualisations and presentation materials suitable for senior governance, including material that may contribute to Executive Committee or Board-level reporting, subject to appropriate review by senior colleagues.
• Coordinating risk appetite monitoring, including obtaining and validating metric submissions, maintaining information within relevant systems, identifying positions outside agreed risk appetite and reviewing the quality of associated drivers and action plans.
• Supporting the Internal Control Profile by reviewing information provided by Santander Group, identifying control weaknesses, risks, deficiencies, gaps and organisational drivers of performance, and working with relevant stakeholders to support appropriate next steps and governance reporting.
• Applying relevant risk frameworks, policies and policy standards when undertaking monitoring, analysis and reporting; identifying and appropriately challenging potential gaps or areas of non-compliance, while providing constructive evidence-based feedback where there are opportunities to improve policies, standards or processes.
• Supporting risk governance across multiple divisions and domains, including preparation of risk packs, meeting materials, action tracking, forward agenda planning, maintenance of terms of reference and, where required, meeting minutes and other governance administration.
• Identifying opportunities to improve the quality, efficiency and consistency of risk reporting and analysis through better use of data, automation, artificial intelligence and Microsoft 365 capabilities.

WHAT YOU’LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us greater as a team and as an organisation. We’re enabling teams to go beyond by valuing who they are and empowering what they bring.

The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Professional Experience
• Experience analysing complex data to identify trends, themes, issues, risks and meaningful insights (Required)
• Experience working with risk, controls, governance, reporting or similar data in a regulated or complex environment (Required)
• Experience producing management information and presentation materials for senior stakeholders (Required)
• Experience coordinating data inputs, investigating gaps and following up actions with stakeholders (Required)
• Experience applying policies, standards or frameworks when reviewing risk, control or reporting information (Required)
• Experience working with risk appetite, internal control assessments, risk reporting, attestations or certifications (Preferred)
• Experience using Santander risk and reporting systems, particularly Heracles, MicroStrategy and QlikView Risk Appetite Statement reporting (Preferred)
• Experience identifying opportunities to improve processes through automation or artificial intelligence (Preferred)
• Education
• Equivalent relevant experience and demonstrable capability will be considered in place of a formal qualification (Required)
• Relevant qualification in risk management, data analysis or a related discipline (Preferred)
• Hard Skills
• Great Microsoft Excel skills, including analysing and manipulating data, reconciling information and producing clear analytical outputs (Required)
• Great Microsoft PowerPoint skills, including creating concise and effective presentation materials from complex analysis (Required)
• Ability to extract and analyse information from multiple systems and data sources (Required)
• Ability to interpret data against relevant policies, standards and risk frameworks to identify potential issues, weaknesses and areas of non-compliance (Required)
• Experience with Heracles, MicroStrategy and QlikView Risk Appetite Statement reporting (Preferred)
• Experience using reporting, data visualisation or workflow tools to improve the quality and efficiency of risk analysis and reporting (Preferred)
• Soft Skills
• Excellent analytical thinking, with the ability to identify patterns, trends and underlying drivers within complex information (Required)
• Clear and confident communication, with the ability to explain complex analysis in a simple and meaningful way to different audiences (Required)
• Effective stakeholder management, including the confidence to obtain information, follow up actions and provide appropriate constructive challenge (Required)
• Great attention to detail, with a focus on data quality, accuracy, completeness and consistency (Required)
• Good judgement, including knowing when to resolve an issue independently and when to seek guidance or escalate (Required)
• Organised and able to manage competing priorities and recurring deadlines across multiple stakeholders (Required)
• A continuous improvement mindset, with an interest in using automation and artificial intelligence to improve the way risk information is produced and used (Preferred)

WE VALUE YOUR IMPACT

At Santander, your contribution matters. We recognise the difference you make every day, and we make sure you feel valued, supported and rewarded in return. Here, recognition goes beyond pay. It’s about the pride you feel in your work, the impact you have on customers and communities, and the opportunities you have to grow and thrive — personally and professionally.

Salary Range: £37,762.00 - £56,642.00 per annum (depending on experience). This salary range represents the expected remuneration for the role. Annual salary is based on a standard 35-hour working week. Actual salary offered will depend on skills, experience, qualifications and location.

Competitive rewards that reflect the real impact you make and the value you bring.

Wellbeing that goes beyond work — we work with a range of wellbeing partners across our 4 pillars of wellbeing (physical, mental, social and financial) to give you access to a suite of apps, discounted gym and fitness access, weekly online classes, flexible healthcare and mental health support.

Support for every life stage — from menopause and pregnancy to parenthood and beyond, with enhanced family leave, childcare options and tailored wellbeing support.

Time to give back through volunteering opportunities that let you make a difference in the communities we serve.

Global growth opportunities to shape your career, learn new skills and explore what’s possible across our international network.

Ready to be recognised? It starts with you.

LOCAL COMPLIANCE

At Santander, we’re proud to be an inclusive organisation that provides equal opportunities for everyone — regardless of age, gender, disability, civil status, race, religion or sexual orientation. We’re committed to creating a recruitment experience that’s accessible, fair and welcoming for all candidates. We want our people to thrive — at work and at home — while delivering the best outcomes for our customers and supporting each other to grow.

To make this possible, our roles are site-based with a hybrid working pattern, where colleagues are expected to attend the office at least 12 days per month (pro-rata for part-time roles). When applying, please consider the travel distance, time and cost to your chosen office location(s).

WHAT TO DO NEXT

If this sounds like a role you are interested in, then please apply. As part of the selection process, candidates may be asked to complete a practical assessment designed to demonstrate the analytical and communication skills relevant to the role.

For further Guidance please visit Internal Mobility - Candidate Guidance.

If you want to know more about the opportunity: Please contact:

• Lyndon Hillyard-Stubbs – Lyndon.HillyardStubbs@santander.co.uk
• Anna Brassington – Anna.Brassington@santander.co.uk