HR Risk & Controls Manager

Magnit Global; Greater London; Hybrid; GBP 120,000 - 180,000; Full time

Job summary

Magnit Global in London seeks an experienced People Risk & Controls Manager (VP level) to strengthen and embed the Operational Risk & Control Framework across the HR function in EMEA. The role partners with senior HR leadership, Operational Risk, Internal Audit and the wider business to enhance governance and regulatory compliance.

The role focuses on risk identification, assessment, monitoring, remediation and reporting, with oversight of RCSA, control testing and issue closure.

Qualifications

• Extensive experience in Operational Risk, Risk & Controls or Non-Financial Risk within a large financial institution.

Responsibilities

• Lead and facilitate Risk and Control Self-Assessments (RCSA) across the EMEA HR function.
• Develop, embed and test risk and control frameworks; oversee control design, testing, assurance and issue closure validation.
• Manage internal and external audit findings and remediation plans, ensuring timely delivery.
• Prepare senior management reporting, KPIs/KRIs and risk committee materials.
• Engage with HR, Operational Risk, Compliance and Internal Audit to strengthen risk practices and challenge management.
• Drive continuous improvement of HR risk controls across EMEA jurisdictions.

Skills

Operational Risk

RCSA

Control Testing

Governance

Stakeholder Mgmt

Regulatory Compliance

Job description

London | 3 days in the office

I'm currently recruiting for an experienced People Risk & Controls Manager (VP level) to join the EMEA HR function of a leading Global Banking Organisation. This is a highly visible role focused on strengthening, enhancing and embedding the Operational Risk & Control Framework across the HR function, working closely with senior HR leadership, Operational Risk, Internal Audit and the wider business across EMEA.

The successful candidate will act as a trusted risk advisor to HR, ensuring operational risks are effectively identified, assessed, monitored and mitigated, while driving improvements in control effectiveness, governance and regulatory compliance.

Key Responsibilities:

• Operational Risk & RCSA: Lead and facilitate Risk and Control Self-Assessments (RCSA), risk identification, assessment, monitoring and reporting activities across the EMEA HR function.
• Controls & Assurance: Develop, enhance and embed effective risk and control frameworks, overseeing control design, testing, assurance activities and issue closure validation.
• Audit & Remediation: Manage internal and external audit findings, operational risk incidents and control deficiencies, ensuring remediation plans are appropriately documented, tracked and delivered.
• Governance & Reporting: Prepare senior management and Audit Committee reporting, develop KPIs/KRIs and lead monthly Risk Assessment Forums, providing oversight and escalation of key risks.
• Stakeholder Engagement: Partner with senior HR leadership, Operational Risk, Compliance, Internal Audit and the Executive Control Office to strengthen risk management practices and provide effective challenge.
• Framework Enhancement: Drive continuous improvement of HR risk and control processes, ensuring consistency across EMEA jurisdictions and alignment with global operational risk standards.
• Regulatory & Third-Party Risk: Support regulatory-driven remediation, third-party risk assessments, scenario analysis and the implementation of controls across new or changing HR processes.

Experience Required:

• Extensive experience in Operational Risk, Risk & Controls or Non-Financial Risk, ideally within a global bank or large regulated financial services organisation.
• Strong hands-on experience delivering RCSA, control testing, control assurance, risk assessments and operational risk frameworks.
• Proven experience managing internal audit findings, control deficiencies, issue remediation and regulatory requirements.
• Experience producing risk MI, KRIs, governance packs and reporting for senior management and risk committees.
• understanding of the Three Lines of Defence model, with experience working across 1LoD and 2LoD risk management activities.
• Excellent stakeholder management skills, with the confidence to engage, influence and challenge senior stakeholders across a complex, matrixed organisation.
• Experience enhancing processes, implementing controls and supporting risk management improvements across multiple business functions or jurisdictions.

Highly Desirable:

Previous experience working within or supporting HR / People Risk & Controls in a banking environment, including knowledge of HR operational processes, governance and associated risks.