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 commitment to risk management.
- Benefits: 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 and knowledge of non-financial risk disciplines required.
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 organisations 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 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.
- Provide 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).
In return you will receive a competitive salary and additional benefits which includes bonus scheme up to 10%, generous pension scheme, private health care and standard 30 days holiday.
Risk and Control Officer in Dunfermline employer: Ultimate Banking
Join a leading Building Society in Edinburgh as a Risk & Controls Manager, where you will be part of a dynamic team dedicated to enhancing risk management practices. With a strong emphasis on employee development, the company offers excellent benefits including a competitive salary, bonus scheme, and generous pension plan, all within a supportive hybrid work culture that values collaboration and innovation. This role not only provides the opportunity to make a meaningful impact on non-financial risk management but also fosters professional growth in a thriving environment.
StudySmarter Expert Advice🤫
We think this is how you could land Risk and Control Officer in Dunfermline
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its risk management practices. Be ready to discuss how your experience aligns with their needs, especially around non-financial risks and compliance.
✨Tip Number 3
Showcase your skills through real-life examples. When discussing your experience, highlight specific situations where you identified and managed risks effectively. This will demonstrate your hands-on knowledge.
✨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 Risk and Control Officer in Dunfermline
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Risk & Controls Manager role. Highlight your experience in non-financial risk disciplines and any relevant qualifications to catch our eye!
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 aligns with our needs. Keep it concise but impactful!
Showcase Relevant Experience:When detailing your work history, focus on your achievements in risk assessment, control testing, and incident management. We want to see how you've made a difference in previous roles!
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any updates!
How to prepare for a job interview at Ultimate Banking
✨Know Your Risks
Make sure you brush up on the key non-financial risks mentioned in the job description, like operational risk and financial crime. Be ready to discuss how you've identified and managed these risks in your previous roles.
✨Master the Three Lines of Defence
Familiarise yourself with the Three Lines of Defence model. Be prepared to explain how it applies to first-line risk management and give examples of how you've implemented this framework in past positions.
✨Showcase Your Reporting Skills
Since producing high-quality risk reports is part of the role, think of specific instances where you've created insightful reports for senior management. Highlight your ability to communicate complex information clearly and effectively.
✨Prepare for Scenario Questions
Expect scenario-based questions that test your problem-solving skills. Think about past incidents you've managed, how you conducted root-cause analysis, and the corrective actions you took. This will show your practical experience in handling real-world challenges.
