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 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).
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 & Controls Manager in Edinburgh employer: Ultimate Banking
Join a leading Building Society in Edinburgh as a Risk & Controls Manager, where you will thrive in a supportive hybrid work environment that values employee growth and development. With a competitive salary, generous benefits including a bonus scheme, private healthcare, and 30 days of holiday, you will be part of a culture that prioritises risk management excellence and compliance with industry best practices. This role offers the unique opportunity to make a significant impact on non-financial risk management while enjoying the vibrant atmosphere of Scotland's capital.
StudySmarter Expert Advice🤫
We think this is how you could land Risk & Controls Manager in Edinburgh
✨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 showcase your expertise and confidence when discussing operational resilience and financial crime.
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications with a quick email or LinkedIn message to express your enthusiasm. It shows initiative and keeps you on their radar.
✨Tip Number 4
Check out our website for the latest job openings. We’re always looking for talented individuals like you, and applying directly through us can give you an edge!
We think you need these skills to ace Risk & Controls Manager 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. We want to see how your background aligns 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 application process. It helps us keep everything organised and ensures your application gets the attention it deserves. We can't wait to hear from you!
How to prepare for a job interview at Ultimate Banking
✨Know Your Risks
Make sure you brush up on the key non-financial risks relevant to the role, like operational risk and financial crime. Familiarise yourself with the Three Lines of Defence model, as it’s crucial for this position. Being able to discuss these topics confidently will show that you’re well-prepared.
✨Showcase Your Experience
Prepare specific examples from your past roles where you've successfully identified and managed risks. Use the STAR method (Situation, Task, Action, Result) to structure your answers. This will help you demonstrate your hands-on experience in risk management effectively.
✨Understand the Framework
Get a good grasp of the organisation’s risk and control framework. Be ready to discuss how you would embed this framework within the team and ensure compliance with regulatory requirements. Showing that you understand their processes will set you apart from other candidates.
✨Engage and Ask Questions
Interviews are a two-way street! Prepare thoughtful questions about the company’s approach to risk management and how they support first-line ownership. This not only shows your interest but also helps you gauge if the company is the right fit for you.
