Payments Risk Manager

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.
• 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.
• 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.
• 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.