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- Tasks: Identify and manage operational risks in a dynamic mortgage and savings environment.
- Company: Customer-centric mortgage and savings provider with a focus on risk management.
- Benefits: Up to £50k salary, 27 days leave, hybrid working, and private healthcare.
- Why this job: Be the first line of defence in a vital role that shapes business resilience.
- Qualifications: Experience in operational risk and strong relationship-building skills required.
- Other info: Join a small team for excellent collaboration and career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Are you a Risk specialist, with previous experience in first line, operational risk? Our client is a customer centric mortgage and savings provider, seeking a First Line Risk Specialist to join their team. Working in a smaller team of 3, you will be acting as the primary defence to the business, identifying, managing and mitigating risks associated with the organisations savings and mortgage operations, being proactive and integral to maintaining regulatory compliance.
The First Line Risk Specialist is focused on ensuring the effectiveness of operational risk management and first line control oversight. This role emphasises operational resilience, supplier management, and the drive for continuous improvement to support business objectives while fostering a risk-aware culture.
Duties will include:
- Collaborate with business teams to identify and assess operational and compliance risks.
- Support the design, implementation, and monitoring of effective controls.
- Guide teams in escalating and investigating risk incidents and compliance breaches.
- Act as the primary liaison between suppliers, clients, and internal teams.
- Facilitate risk and control self-assessments (RCSAs) and recognise enterprise-wide themes.
- Coordinate root cause analysis and remedial actions for risk incidents and compliance breaches.
- Oversee operational & supplier-related risks and incidents, managing them from initial mitigation through to completion.
- Close collaboration between the operations team, business units, suppliers, and second & third-line risk functions to ensure alignment and comprehensive oversight.
The successful individual will possess:
- A wealth of experience within a first line, operational risk role.
- Strong relationship building skills.
- Previous experience in a financial services setting, ideally within a mortgage lender.
- Prior experience of managing third party relationships would be highly desirable.
Along with offering a competitive salary, our client offers a hybrid approach to the working week, with 2 days based at their head office and the remainder working remotely. Company benefits include: 27 days annual leave (plus an additional day for your birthday and bank holidays), pension scheme, private healthcare, bonus scheme, voluntary days and more!
If this sounds like your next role, please apply today!
First Line Risk Specialist in Market Harborough employer: Ultimate Banking Ltd
Contact Detail:
Ultimate Banking Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land First Line Risk Specialist in Market Harborough
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector, especially those who have experience in operational risk. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of risk management and compliance. We recommend practising common interview questions related to operational risk and thinking of examples from your past experiences that showcase your skills.
✨Tip Number 3
Showcase your relationship-building skills! During interviews, highlight how you've successfully collaborated with teams and managed third-party relationships. This is key for a First Line Risk Specialist role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace First Line Risk Specialist in Market Harborough
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the First Line Risk Specialist role. Highlight your experience in operational risk and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how your background makes you a perfect fit for this role. Keep it engaging and personal, so we get a sense of who you are.
Showcase Your Relationship-Building Skills: Since strong relationship-building skills are key for this position, make sure to include examples of how you've successfully collaborated with teams or managed third-party relationships in your application. We love seeing teamwork in action!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Ultimate Banking Ltd
✨Know Your Risk Stuff
Make sure you brush up on your operational risk knowledge. Understand the key concepts and frameworks that are relevant to the role, especially in a financial services context. Be ready to discuss how you've identified and managed risks in previous roles.
✨Showcase Your Relationship Skills
Since this role involves liaising with various teams and suppliers, be prepared to share examples of how you've built strong relationships in the past. Highlight any specific instances where your relationship-building skills helped mitigate risks or improve compliance.
✨Be Proactive About Compliance
Demonstrate your understanding of regulatory compliance by discussing how you've previously supported compliance initiatives. Bring examples of how you've designed or implemented controls that ensured adherence to regulations, and be ready to talk about the outcomes.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Think of situations where you've had to coordinate responses to risk incidents or compliance breaches. Outline your thought process and the steps you took to resolve these issues effectively.
