Business Services Risk Lead

TN United Kingdom; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading company in the financial services sector is seeking a Business Change Risk Lead to oversee operational resilience and change management. The role involves collaborating with various teams to enhance reporting and frameworks while ensuring compliance with regulatory standards. Candidates should have a strong understanding of industry regulations and experience in resilience activities. The position offers a competitive salary, performance bonus, and comprehensive benefits including private medical insurance and generous leave.

Benefits

Private medical insurance

28 days' annual leave

Study support

Generous pension scheme

Qualifications

• Experience in resilience activities is advantageous.
• Experience in developing oversight and advice frameworks for Operational Resilience, Third-Party, and Change functions.
• Experience in a corporate or consulting environment within financial services or insurance is preferred.

Responsibilities

• Oversee and advise the Business Services Function, covering Operational Resilience, Business Continuity, and Change.
• Produce concise, insightful reports within tight deadlines.
• Conduct risk analyses of the Operational Resilience Framework and prepare risk papers.

Skills

Technical knowledge of regulations on Operational Resilience

Understanding of industry best practices for Change

Knowledge of regulatory reporting requirements

Familiarity with the UK regulatory framework for critical third parties

Education

Professional qualifications (helpful but not essential)

Job description

Job Description: Business Change Risk Lead

Company Overview:

Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management, excellence in asset and liability management, and exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We set strategic objectives and foster a culture based on our PIC Values of Resilient, Adaptable, and Loyal.

Key Responsibilities:

• Oversee and advise the Business Services Function, covering Operational Resilience, Business Continuity, Disaster Recovery, Incident Management (non-IT), Third Party and Outsourcers, and Change.
• Collaborate effectively with the first line to secure buy-in, implement oversight, and leverage existing mechanisms for improvements.
• Support and direct enhancements to systems, processes, reporting risk metrics, and technology.
• Apply regulatory and industry knowledge to ensure framework design effectiveness and articulate risks impacting business services and policyholders.
• Produce concise, insightful reports within tight deadlines.
• Respond to regulatory queries as required.

Specific Accountabilities for the Business Change Risk Lead:

• Oversee and challenge reporting from Operational Resilience, Third Party and Outsourcing, and Change departments for the CRO report.
• Enhance Management Information, KPIs, and Risk Appetite Tolerance Schedules.
• Design and implement an Oversight Framework focusing on Change, Operational Resilience, and Third-Party Outsourcers within the ERM framework.
• Conduct risk analyses of the Operational Resilience Framework and prepare risk papers.
• Assess Third-Party Outsourcers' performance regularly and review the oversight framework annually.
• Review the Change Portfolio, providing oversight and challenge.
• Perform Deep Dives into high-risk areas as needed.
• Collaborate with Operational Resilience, Change, and Third-Party teams.
• Own personal learning and development in technical and non-technical risk skills.
• Stay informed of industry trends, market developments, regulatory changes, and best practices through seminars, reading, and sharing articles.

Requirements:

Knowledge:

• Technical knowledge of regulations on Operational Resilience, Third-Party Oversight, and Change.
• Understanding of industry best practices for Change.
• Knowledge of regulatory reporting requirements.
• Familiarity with the UK regulatory framework for critical third parties.

Experience:

• Professional qualifications are helpful but not essential.
• Experience in resilience activities is advantageous.
• Experience in developing oversight and advice frameworks for Operational Resilience, Third-Party, and Change functions.
• Experience in a corporate or consulting environment within financial services or insurance is preferred but not mandatory.

Alongside a competitive salary and performance bonus, PIC offers benefits such as private medical insurance, 28 days' annual leave, study support, a generous pension scheme, and more.