Head of Operational Risk Oversight - Finance

Head of Operational Risk Oversight - Finance

Full-Time 135000 - 147400 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead operational risk oversight in Finance, ensuring effective risk management and decision-making.
  • Company: Join Standard Life, a leading retirement specialist with over 200 years of experience.
  • Benefits: Enjoy a competitive salary, generous leave, private medical cover, and flexible working options.
  • Other info: Inclusive culture that values diverse backgrounds and offers excellent career development opportunities.
  • Why this job: Make a real impact on financial risk management while developing your leadership skills.
  • Qualifications: Significant experience in Operational Risk and strong stakeholder management skills required.

The predicted salary is between 135000 - 147400 £ per year.

Job Description

Job Type: Permanent

Location: This role can be based from our London, Edinburgh or Birmingham office with time spent in the office and working from home.

Flexible working: All roles are open to part‑time, job‑share and other types of flexibility.

We will discuss what is important to you and balancing this with business requirements during the recruitment process.

You can read more about flexible working here.

Salary and benefits: £135,000 to £147,400 plus an indicative bonus range of 30- 60%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

Who are we?

We’re Standard Life, a retirement specialist focused entirely on retirement savings and income.

We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.

Life today is increasingly complicated, uncertain and unpredictable.

People move through different careers, face unexpected moments and navigate important choices.

We offer our colleagues flexibility, trust and benefits that work for whatever life brings.

In return we expect curiosity, connection, accountability and high standards.

We make room for what matters – so you can bring your best, every day.

The Role

We're looking for an experienced risk leader to join our Non-Financial Risk team, providing independent second-line oversight of operational risks across our Finance function.

Reporting to the Non-Financial Risk Director, you'll lead a team of risk professionals and act as the primary risk partner to the CFO function.

You'll provide insightful challenge, oversight and assurance across a broad range of activities, including financial reporting, actuarial processes, treasury operations, finance transformation initiatives, and the internal control environment.

This is a highly visible role requiring strong stakeholder management, technical expertise, and the ability to influence senior leaders across the organisation.

  • What You’ll Be Doing
  • Lead independent operational risk oversight across the Finance function, helping to ensure material risks are identified, understood and managed effectively.
  • Act as the key Non-Financial Risk contact for the CFO and Finance Leadership Team, providing risk insight and guidance to support informed decision-making.
  • Provide oversight of Finance's risk profile, including adherence to risk appetite and the management of current and emerging risks.
  • Support a strong and effective control environment through oversight of Internal Controls over Financial Reporting (ICFR/SOX).
  • Review the identification, escalation and remediation of control weaknesses, working closely with Finance, Internal Audit and external auditors.
  • Provide oversight and risk input on major Finance transformation programmes, assessing governance, risk management and control arrangements.
  • Collaborate with specialist risk teams across technology, cyber, change and financial risk to deliver an integrated view of risk.
  • Contribute to the continued development of risk frameworks, reporting and tools through the Risk Transformation Programme.
  • Deliver clear and meaningful risk reporting to senior leadership, Executive Committees and Board Risk Committees.
  • Create an inclusive, collaborative environment that supports the development and success of team members.
  • What We’re Looking For
  • Significant experience in Operational Risk, Finance Risk, Controls Oversight, Audit, Assurance or Risk Management within financial services.
  • Strong knowledge of ICFR/SOX controls, financial reporting, actuarial processes and treasury operations.
  • Experience working within a Three Lines of Defence model, providing independent oversight and risk insight.
  • The ability to build effective relationships and communicate with a broad range of stakeholders, including senior leaders and Board-level audiences.
  • Excellent analytical, reporting and communication skills.
  • Knowledge of relevant regulatory frameworks, including PRA, FCA, Solvency II and the UK Corporate Governance Code.
  • Experience leading and developing teams, creating an environment where colleagues can perform at their best.
  • A professional qualification such as ACA, ACCA, CIMA, CIA or equivalent.

Desirable

  • Experience supporting Finance transformation, large-scale change or system implementation programmes.
  • Experience contributing to risk transformation initiatives and framework enhancements.
  • Exposure to complex change, integration or operational transformation programmes within a regulated environment.

We Want To Hire The Whole Version Of You.

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds.

If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.

If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.

We’re reviewing applications as they come in and may close this role before the closing date, so apply early to avoid missing out.

  • Find Out More About Working At Standard Life
  • Guide for Candidates: standardlifeplc. pagetiger. com/guideforcandidates
  • Find or get answers from our colleagues: www. standardlifeplc. com/careers/talk-to-us
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Head of Operational Risk Oversight - Finance employer: Standard Life plc

At Standard Life, we pride ourselves on being an exceptional employer, offering a supportive work culture that values flexibility and personal growth. With competitive benefits including up to £105,000 salary, generous annual leave, and opportunities for career development, our London-based team thrives in an environment that encourages innovation and collaboration. Join us as a Principal Cloud Architect and be part of a company dedicated to making a meaningful impact in the retirement sector while enjoying a balanced work-life approach.

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Contact Details:

Standard Life plc Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Head of Operational Risk Oversight - Finance

Tap into Campus Networks

If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.

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We think you need these skills to ace Head of Operational Risk Oversight - Finance

Communication Skills
Problem-Solving Skills
Adaptability
Flexibility
Organizational Skills
Compassion
Caring for Others

Some tips for your application 🫡

Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.

Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Standard Life plc.

Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.

Research and Reflect:Before hitting that 'apply' button on Standard Life plc's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!

How to prepare for a job interview at Standard Life plc

Brush Up on Financial Analysis Skills

Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Standard Life plc.

Prepare for Case Studies

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Show Your Passion for Finance

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Network with Industry Professionals

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