Payments Risk Manager

ZipRecruiter; Manchester; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Payments Risk Manager to lead risk management initiatives and ensure compliance with regulatory standards. In this pivotal role, you will oversee the identification and mitigation of payment risks, develop robust fraud prevention strategies, and collaborate with stakeholders to maintain the security of payment systems. Your expertise in UK banking regulations and payment processing systems will be crucial in driving risk effectiveness and efficiency. Join a dynamic team and make a significant impact in the financial services sector while advancing your career in a challenging and rewarding environment.

Qualifications

• Extensive experience in payment risk management and fraud prevention.
• Strong knowledge of UK banking regulations like FCA and AML.
• Proficiency in data analytics and risk assessment tools.

Responsibilities

• Oversee identification and mitigation of payment risks across the bank.
• Develop and implement payment risk management frameworks and policies.
• Ensure compliance with regulatory requirements governing payments.

Skills

Payment Risk Management

Fraud Prevention

Stakeholder Management

Data Analytics

Regulatory Compliance

Communication Skills

Leadership

Education

Degree in Finance or Related Field

Tools

Risk Assessment Tools

Job description

Job Description

Job Title: Payments Risk Manager

Location: Manchester

Purpose:

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

About the Role

• 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
• Develop key stakeholder messaging e.g. ERC, BRC, Risk SLT
• 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

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

About You

• 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

Risk Responsibilities

Payment Risk Strategy & Oversight:

• Develop and implement payment risk management frameworks and policies.
• Identify emerging risks in payment channels, including Faster Payments, CHAPS, Bacs, SWIFT, and Open Banking.
• Ensure compliance with regulatory requirements such as FCA, PSD2, AML, and Payment Services Regulations.

Fraud Prevention & Financial Crime Risk Management:

• Oversee fraud detection and prevention measures across all payment channels.
• Work closely with fraud and financial crime teams to mitigate payment-related risks.
• Lead investigations into high-risk transactions and support regulatory reporting.

Regulatory Compliance & Governance:

• Ensure adherence to UK and international regulations governing payments and financial crime.
• Support the implementation of robust security measures.
• Liaise with regulators, auditors, and industry bodies on payment risk matters.

Stakeholder Engagement & Collaboration:

• Work closely with IT, Operations, Compliance, and Financial Crime teams to improve payment security.
• Act as a key contact for external partners, payment providers, and regulators on risk-related issues.
• Provide training and guidance to teams on payment risk policies and best practices.

Monitoring, Reporting & Continuous Improvement:

• Develop risk dashboards and provide regular reports to senior management.
• Monitor key risk indicators (KRIs) and key performance indicators (KPIs) for payment security.
• Continuously review and enhance risk controls and mitigation strategies.

Contact

If you feel that this opportunity could be of interest for you, or you would like to recommend one of your contacts, then please contact Allison Gillson at the PSD Group. PSD are an international recruitment services company based in the UK. With a successful track record of placing mid to senior level executives across technology, banking, finance and professional employment markets in Europe and Asia, for over thirty years.

Please contact by phone [phone] or email [e-mail]