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: 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 (plus Bank Holidays).
If your skillset aligns and this role appeals, then we would love to hear from you.
Risk and Control Officer in Edinburgh employer: Ultimate Banking
Join a leading Building Society in Edinburgh as a Risk and Control Officer, where you will thrive in a supportive hybrid work environment that values employee growth and development. With competitive salaries, a bonus scheme, generous pension contributions, and private healthcare, the company fosters a culture of collaboration and continuous improvement, ensuring you have the resources to excel in your role while making a meaningful impact on non-financial risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Risk and Control Officer in Edinburgh
✨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 seen by the right people. Plus, we love hearing from candidates who are genuinely interested in joining our team.
We think you need these skills to ace Risk and Control Officer in Edinburgh
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, like FRM or ICA, to show us you’re the perfect fit.
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 skills align with our needs. Keep it concise but impactful – we want to see your personality!
Showcase Relevant Experience:When detailing your work history, focus on your achievements in risk assessment, control testing, and incident management. We love seeing concrete examples of how you've made a difference in previous roles.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for this exciting opportunity with us.
How to prepare for a job interview at Ultimate Banking
✨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. This will show that you understand the core responsibilities of the Risk and Control Officer 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 risk management. Think of examples from your past experience where you've worked within this framework, as it will demonstrate your understanding of first-line risk management responsibilities.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills in risk management. Prepare by thinking through potential risks a building society might face and how you would approach them. This will help you articulate your thought process during the interview.
✨Showcase Your Reporting Skills
Since producing high-quality risk reporting is key in this role, be ready to discuss your experience with MI reporting and RCSAs. Bring examples of reports you've created or insights you've provided to senior management, as this will highlight your ability to communicate complex information effectively.
