At a Glance
- Tasks: Identify and manage non-financial risks while ensuring compliance with industry standards.
- Company: 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 professional growth.
- Why this job: Make a real impact in risk management and enhance your career in a supportive environment.
- 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 and conduct risk. The role is responsible for embedding the organisation’s risk and control framework and 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 a 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 a bonus scheme up to 10%, a generous pension scheme, private health care and a 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
Join a leading Building Society that prioritises employee well-being and professional growth. With a hybrid working model based in the vibrant cities of Edinburgh and Glasgow, you will benefit from a competitive salary, a bonus scheme, generous pension contributions, private healthcare, and an impressive 30 days of holiday. Our inclusive work culture fosters collaboration and continuous learning, making it an ideal environment for those looking to make a meaningful impact in risk management.
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 and wait! Follow up on your applications through our website. A quick email or call can show your enthusiasm and keep you on their radar.
✨Tip Number 4
Showcase your skills with real examples during interviews. Talk about specific situations where you identified and managed risks effectively. This will help you stand out as a candidate who knows their stuff!
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 disciplines 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. Be sure to mention specific experiences that relate to the job description.
Showcase Your Skills:When filling out your application, don’t forget to showcase your skills in RCSAs, incident management, and control testing. We’re keen on seeing how you’ve applied these in previous roles, so give us the details!
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 from us!
How to prepare for a job interview at Ultimate Banking
✨Know Your Risk Framework
Make sure you’re well-versed in the organisation’s risk and control framework. Familiarise yourself with non-financial risks, operational resilience, and the Three Lines of Defence model. This will show that you understand the core responsibilities of the Risk & Controls Manager role.
✨Prepare Real-Life Examples
Think of specific instances where you've identified, assessed, or managed non-financial risks in your previous roles. Be ready to discuss how you handled incidents, conducted root-cause analysis, and implemented corrective actions. This practical experience will resonate well with the interviewers.
✨Showcase Your Reporting Skills
Since producing high-quality risk reporting is a key part of the job, prepare to discuss your experience with MI reporting and insights generation. Bring examples of reports you've created and be ready to explain how they influenced decision-making at senior management levels.
✨Emphasise Coaching and Training Experience
Highlight any experience you have in coaching or training teams on risk awareness and accountability. This is crucial for the role, so share how you’ve successfully strengthened risk culture in your previous positions.
