Payments Risk Manager

Aldermore Bank; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

Aldermore Bank is seeking a Payment Risk Manager to lead risk oversight and compliance in bank payment processes. This role will involve collaboration across teams to enhance payment security, compliance with regulations, and implementing effective risk management strategies in a dynamic environment. Join a growing organization that values your contribution and offers professional development opportunities.

Benefits

Discretionary bonus scheme

Aviva Digital GP

Employee Assistance Programme

Eyecare Voucher & Display Screens/Desk Set-Up

Group Income Protection

Life Assurance

Microsoft Discounts

Private Medical Insurance Shopping Discounts

Qualifications

• Extensive experience in payment risk management or financial crime compliance.
• Strong understanding of UK banking regulations, including FCA, AML.
• Ability to work under pressure and adapt to evolving risks.

Responsibilities

• Oversee identification and mitigation of payment process risks.
• Manage Payment Risk optimisation initiatives and budget plans.
• Liaise with third parties for risk management and improvement.

Skills

Knowledge of UK and international payment schemes and regulations

Attention to detail

Communication skills

Customer-first mindset

Data analytics proficiency

Leadership skills

Stakeholder management skills

Job description

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We’re Aldermore – the award-winning bank, trusted and highly rated by over a quarter of a million customers for more than a decade. With our range of specialist mortgages, savings accounts and business finance solutions, we're backing more people to go for it.

We thrive by saying “yes” to our customers. We respect the ingenuity of entrepreneurs and their startups; we give first-timers a leg-up onto the property ladder; we open up the lending market to many; and thousands of customers chose Motonovo Finance every week to buy their next car, van or motorbike.

This is where you come in. We are on a journey. A journey defined by a destination; to deliver on our purpose.

Let us tell you a bit about the opportunity

As the Payment Risk Manager, you will be responsible for overseeing the identification, assessment, and mitigation of risks associated with payment processes across the bank. This role ensures that payment operations comply with regulatory requirements and internal risk frameworks while implementing robust fraud prevention measures. The Payment Risk Manager will lead a team, develop risk strategies, and collaborate with stakeholders to maintain the security and integrity of the bank’s payment systems and processes.

To act as an ambassador of the Bank’s vision to; Back more people to go for it in life and in business.

What will your day look like?

This is a second line role reporting to the Head of Payments, supporting them across a range of Risk function plans, initiatives and priorities.

• Manage the mobilisation and realisation of a range of Payment Risk optimisation initiatives including Target Operating Model, risk reporting, process improvement and business planning
• Support the effective set-up and on-going management of the Payment Risk Change Forum
• Liaise with colleagues across Payments, Risk and the wider Group to ensure effective delivery
• Engage with third parties e.g. consulting firms to ensure Aldermore is tapped into the latest industry thinking on risk management
• Develop proposals to drive Risk effectiveness and efficiency
• Support colleagues across a wide range of activities

What do we expect from you?

• Strong knowledge of UK and international payment schemes and regulations.
• High attention to detail and a proactive approach to resolving payment issues.
• Strong communication and interpersonal skills, with a customer-first mindset.
• Familiarity with payment processing systems and digital banking platforms.
• Extensive experience in payment risk management, fraud prevention, or financial crime within banking or financial services.
• Strong knowledge of UK banking regulations, including FCA, PSD2, AML, and financial crime compliance.
• Experience managing risk frameworks for payment systems such as CHAPS, Bacs, Faster Payments, SWIFT, and Open Banking.
• Proficiency in data analytics and risk assessment tools.
• Strong leadership and stakeholder management skills.
• Ability to work under pressure and adapt to evolving threats in the payment landscape.

What can you expect from us?

• A friendly and flexible culture, the same as how we work with our customers.
• A growing organisation that means there’s lots of opportunities to progress
• A drive for continuous improvement, which you will be empowered to get behind from day one.
• And of course, you will be rewarded competitively, with a good range of core benefits and bonus potential.

Please note that we have a thorough referencing process, which includes criminal record checks.

Behaviour Framework

Our behavioural framework underpins our purpose and strategic drivers, as it outlines the behaviours we need to demonstrate in order to succeed. Where our strategic drivers (Stay Ahead Propositions, Relationships That Last and Progressive Platform) outline what we need to do to succeed, our behaviours guide us in how. In your second interview, we’ll ask you to talk through some examples where you’ve demonstrated these behaviours in your previous roles.

The Benefits

As you would expect, we offer a competitive basic salary and reward package, and you’ll also benefit from our commitment to investing in your professional development throughout your journey with us.

Benefits vary across the business depending on the role you do, but these will give you an idea of what to expect:

• Discretionary bonus scheme
• Aviva Digital GP
• Employee Assistance Programme
• Eyecare Voucher & Display Screens/Desk Set-Up
• Group Income Protection
• Life Assurance
• Microsoft Discounts
• Private Medical Insurance Shopping Discounts