At a Glance
- Tasks: Identify and manage non-financial risks while ensuring compliance with industry standards.
- Company: Join a renowned building society with a strong focus on risk management.
- Benefits: Enjoy a competitive salary, bonus scheme, generous pension, private healthcare, and 30 days holiday.
- Other info: Hybrid working model with opportunities for career growth and development.
- Why this job: Make a real impact in risk management and enhance your professional skills.
- Qualifications: Experience in risk roles within FCA regulated environments is essential.
The predicted salary is between 50000 - 60000 € per year.
Our client, a renowned building society, has an exciting new opportunity for a Risk & Controls Manager to join their team. Reporting to the head of First Line Risk, you will support the business in identifying, assessing, managing, and monitoring non-financial risks. This includes operational risk, financial crime, third-party & outsourcing risk, operational resilience & conduct risk. The role is responsible for embedding the organisation’s risk and control framework & ensuring compliance with regulatory requirements and building society industry best practice. The role will be worked as a hybrid model with a minimum of 2 days a week in the office, with at least one of those days being in Edinburgh (the other office is in Glasgow).
Duties will include:
- Identifying, assessing and reporting of non-financial risks across the business through RCSAs, risk assessments and ongoing monitoring.
- Developing and maintaining the non-financial risk and control framework.
- Monitoring control effectiveness through first-line testing, MI & KRIs.
- Managing remediation of control issues, incidents and audit findings, ensuring root-cause analysis and sustainable corrective actions.
- Supporting first-line ownership of key non-financial risk areas, including operational risk, financial crime, operational resilience, third-party risk, and conduct/compliance.
- Producing high-quality risk reporting and insights for senior management, committees and governance forums.
- Providing coaching, training and guidance to strengthen risk awareness and first-line accountability across business teams.
The successful candidate will possess:
- Experience in risk, controls or financial crime operational roles within an FCA regulated environment is essential.
- Strong knowledge of non-financial risk disciplines including operational risk, financial crime, resilience and third-party risk.
- Strong understanding of the Three Lines of Defence model and first-line risk management responsibilities.
- Proven experience with RCSAs, incident and issue management, control testing, risk assessments and MI reporting.
- Ideally, you will hold a degree or equivalent in business, finance, accounting, risk management or related discipline; professional risk/compliance qualifications are often preferred (e.g. FRM, IRM, ICA).
Benefits: In return, you will receive a competitive salary and additional benefits which include a bonus scheme up to 10%, generous pension scheme, private health care and standard 30 days holiday (plus Bank Holidays). If your skillset aligns and this role appeals, then we would love to hear from you.
Risk & Controls Manager employer: Ultimate Banking Ltd
Join a leading building society in Edinburgh as a Risk & Controls Manager, where you will be part of a dynamic team dedicated to managing non-financial risks. Enjoy a hybrid work model that promotes work-life balance, alongside a competitive salary and an impressive benefits package including a bonus scheme, generous pension, and private healthcare. With a strong focus on employee development and a culture that values risk awareness, this is an excellent opportunity for those looking to grow their careers in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Risk & Controls Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in risk and controls. 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 non-financial risks and the Three Lines of Defence model. We want you to be able to discuss your experience confidently and show how you can add value to the team.
✨Tip Number 3
Don’t just apply; engage! When you submit your application through our website, follow up with a quick email to express your enthusiasm. It shows initiative and keeps you on their radar.
✨Tip Number 4
Showcase your skills! Prepare examples of how you've managed risks or improved controls in past roles. We want to see your problem-solving abilities and how you’ve made a difference in your previous positions.
We think you need these skills to ace Risk & Controls Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Risk & Controls Manager. Highlight your experience in non-financial risk and any relevant qualifications. We want to see how your background fits with what we're looking for!
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 you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Relevant Experience:When detailing your experience, focus on specific examples that demonstrate your skills in risk assessment, control testing, and compliance. We’re keen to see how you've tackled challenges in previous roles!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at Ultimate Banking Ltd
✨Know Your Risks
Make sure you brush up on your knowledge of non-financial risks, especially operational risk and financial crime. Be ready to discuss how you've identified and managed these risks in previous roles, as this will show your understanding of the key responsibilities of the Risk & Controls Manager position.
✨Master the Three Lines of Defence
Familiarise yourself with the Three Lines of Defence model and be prepared to explain how it applies to first-line risk management. This is crucial for the role, so having concrete examples of how you've implemented this framework in past experiences will really impress the interviewers.
✨Showcase Your Reporting Skills
Since producing high-quality risk reporting is a key duty, think about examples where you've created insightful reports or presentations for senior management. Highlight your ability to communicate complex information clearly and effectively, as this will demonstrate your capability in this area.
✨Be Ready to Coach and Train
The role involves providing coaching and guidance to strengthen risk awareness across teams. Prepare to discuss any experience you have in training others or leading workshops, as this will show that you're not just a risk expert but also someone who can elevate the team's overall understanding of risk management.
