Enterprise Risk Manager & Risk Controller

Volvo Car Financial Services UK Limited; Maidenhead; Hybrid; GBP 63,000 - 77,000; Full time

Benefits offered by this job

Competitive salary circa £70,000

Discretionary 10% bonus

Hybrid work model 60% office, 40% home

30 days leave + bank holidays + buy/s露

Job summary

Volvo Car Financial Services UK is seeking a Risk Controller & Enterprise Risk Manager to be based in Maidenhead. You will oversee Credit Risk, Operational Risk, Risk Governance and Third Party Risk, providing independent second-line oversight and shaping the risk framework.

You will lead governance activities, coordinate the Risk Management Plan, and report to senior stakeholders and Board committees while developing the Risk function and coaching junior team members.

Qualifications

• Experience in Risk, Controls, Governance, Operational Risk or related second-line function.
• Ability to produce meaningful management information and present insights to senior stakeholders.
• Advanced Excel and strong data interpretation capabilities.

Responsibilities

• Protect and strengthen risk and control environment across VCFSUK.
• Provide independent second-line oversight across Credit, Operational, Risk Governance and Third Party Risk.
• Lead risk governance activities and support annual Risk Management Plan.
• Produce and interpret risk reporting for Retail, Wholesale and Residual Value portfolios.
• Develop and enhance Risk Registers, RCSAs, incident management and remediation.
• Lead implementation and enhancement of GRC systems and tools.

Skills

Risk management

Commercial awareness

Advanced Excel

Data interpretation

Education

Degree-level education

Professional qualifications in Risk/Audit/Finance/Governance

Tools

GRC systems

IFRS 9 knowledge

Job description

Volvo Car Financial Services UK (VCFSUK) is a financial services joint venture business, part-owned by Volvo Cars and Santander Consumer Finance, operating across the UK Volvo retailer network and supporting Polestar and London Electric Vehicle Company. We have an exciting opportunity to join our Risk team as our Risk Controller & Enterprise Risk Manager, based at our Maidenhead offices

What's in it for you?

People are at the heart of our business. At VCFSUK, we want you to feel supported to develop, contribute ideas and build a meaningful career with us.

In return, we offer:

• Competitive basic salary, circa £70,000 depending on skills and experience
• Discretionary 10% performance-related bonus
• Company pension scheme with generous employer contributions
• Voluntary flexible benefits allowance of £500 per annum, payable as cash or benefits
• Hybrid working model with 60% office-based and 40% remote working flexibility
• 30 days' annual leave plus bank holidays, with the opportunity to buy or sell up to 5 additional days
• 4 paid charitable giving days per year
• Health, wellbeing and personal development initiatives
• Career growth, professional qualifications and learning opportunities
• Access to two cars through Volvo's employee vehicle scheme
• Team events and connection days
• We are open to conversations about flexibility and how this role could work for you.

What you'll do

Reporting to the Chief Risk Officer (CRO), you'll play a key role in protecting and strengthening the risk and control environment across VCFSUK. You'll provide independent second-line oversight across Credit Risk, Operational Risk, Risk Governance, Third Party Risk and Operational Resilience, helping to ensure risks are identified, assessed, monitored and managed effectively across the business.

This role combines technical expertise, strategic influence and people leadership, offering regular exposure to the Senior Management Team, Board Committees and shareholder stakeholders. It provides an exciting opportunity to shape the future direction of Enterprise Risk, Risk Governance and Operational Resilience within VCFSUK whilst developing both leadership and functional expertise.

You will take ownership of key elements of the Company's risk management framework, including the Risk Management Framework, Risk Appetite Framework and Operational Risk Framework, ensuring they remain effective, proportionate and aligned to the evolving needs of the business. You will lead a range of risk governance activities, supporting the delivery of the annual Risk Management Plan and helping to strengthen the overall risk and control environment across VCFSUK.

A key part of the role will involve producing, analysing and interpreting risk reporting across Retail, Wholesale and Residual Value portfolios. You will provide independent challenge and oversight of provisioning methodologies, impairments and risk assumptions, including IFRS 9 considerations, whilst monitoring Risk Appetite metrics and proactively identifying emerging risks, trends and areas requiring management attention.

You will be responsible for maintaining and enhancing core risk management processes, including Risk Registers, Risk and Control Self-Assessments (RCSAs), incident management and remediation activities. As part of the continued development of the Risk function, you will also play a leading role in the implementation and ongoing enhancement of Governance, Risk and Compliance (GRC) systems and tools across the business.

The role will provide ownership of the Third-Party Risk Management Framework, ensuring appropriate supplier due diligence, materiality assessments, outsourcing oversight and exit planning arrangements are in place. You will also support the Operational Resilience agenda, helping to coordinate Important Business Services mapping, resilience testing programmes and business continuity activities.

Working closely with the CRO, you will prepare Board, Risk Committee and Executive Committee reporting, providing meaningful insight into portfolio performance, forecast impacts and emerging business risks. You will act as a key liaison with Internal Audit, External Audit, shareholder organisations and regulatory stakeholders, helping to ensure effective risk oversight and governance across the organisation.

In addition, you will have the opportunity to lead, coach and develop junior members of the Risk team, helping to build capability, strengthen succession planning and foster a positive risk culture throughout VCFSUK. As the function continues to evolve, the role offers genuine scope to broaden your remit, increase your organisational influence and further develop your leadership skills.

Do you fit the profile?

We're looking for an individual who combines strong risk management knowledge with commercial awareness and the confidence to challenge constructively whilst building trusted relationships across the business.

Successful candidates are likely to have experience within Risk, Controls, Governance, Operational Risk, Enterprise Risk or a related second-line function within financial services. You will be comfortable operating in a regulated environment and have experience producing meaningful management information, analysing complex issues and presenting clear insights and recommendations to senior stakeholders, committees and governance forums.

You will possess excellent analytical and problem-solving skills, with the ability to identify emerging risks, challenge effectively and influence decision-making at all levels of the organisation. Experience working with risk frameworks, operational risk management, governance processes and control environments will be key to your success in this role. Advanced Excel skills and a strong ability to interpret and communicate data are also important.

This role offers the opportunity to lead and develop junior team members whilst helping to shape the future direction of Risk Oversight within VCFSUK. We are looking for someone who enjoys coaching others, building capability and fostering a positive risk culture across the organisation. As the function continues to evolve, there will be opportunities to broaden your remit, increase your organisational influence and develop your leadership capabilities.

Experience within automotive financial services or a captive finance environment would be advantageous, as would knowledge of Third-Party Risk Management, Operational Resilience, IFRS 9 or Governance, Risk and Compliance (GRC) systems. Professional qualifications in Risk, Audit, Finance or Governance, together with degree-level education or equivalent experience, would also be beneficial.

This is an exciting opportunity to take ownership of key areas of Enterprise Risk, Operational Risk, Third Party Risk, Governance and Operational Resilience within a growing financial services business. You'll work closely with the CRO, Senior Management Team and Board Committees, gaining significant exposure to strategic decision-making and business leadership.

As VCFSUK continues to mature, this role offers a genuine opportunity to expand leadership responsibilities, develop people management experience and play a key role in shaping the future direction of Risk Oversight within the organisation. Whether you are already operating at Senior Manager level or are looking for the next step in your risk career, this role offers the opportunity to make a significant impact whilst building broader leadership responsibility

Our values

• You take pride in delivering high-quality work and continually look for ways to improve.
• Bravery – You are comfortable raising concerns, contributing ideas and challenging constructively where required. You build trusted relationships, work across teams and support others to achieve shared goals.
• Diversify our future – Volvo Car Financial Services UK is an equal opportunities employer. We are a company for people who care about other people and the world we live in. We celebrate diversity and inclusion and are committed to creating an environment where everyone can thrive, be themselves and contribute to shaping our future.