Payments Risk Manager - Line 2

Stackrecruitment; London, Manchester, Cardiff; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading mid-tier financial institution in the UK is seeking a Payments Risk Manager. This critical role involves managing payment risk, ensuring compliance, and leading fraud prevention efforts, with a great salary and career progression opportunities. The organisation nurtures an inclusive environment and values regulatory diligence.

Benefits

Comprehensive health and wellness benefits

Opportunities for career progression

Collaborative work environment

Qualifications

• Extensive experience in payment risk management, fraud prevention, or financial crime.
• Strong understanding of UK regulations (FCA, PSD2, AML).
• Experience drafting payment risk policies is essential.

Responsibilities

• Oversee identification and mitigation of risks across payment processes.
• Ensure operations meet regulatory requirements.
• Lead development of fraud prevention measures.

Skills

Risk Management

Fraud Prevention

Regulatory Compliance

Payment Processes

Job description

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Co-Founder, Director at Stack Recruitment // Connecting premium Risk & Compliance talent, globally.

Company Overview

A well-regarded mid-tier financial institution operating across the UK, known for its commitment to innovation in payment solutions and robust operational risk management. The organisation prioritises regulatory compliance, fraud prevention, and continuous improvement within its payments and risk functions, maintaining a strong foundation for future growth.

The Payments Risk Manager plays a critical role in Line 2 with protecting the integrity of the institution’s payment operations. This position is responsible for identifying, assessing, and mitigating risks across payment processes, ensuring compliance with regulatory standards and internal risk frameworks. In addition to leading fraud prevention and risk optimisation efforts, the role contributes to strategic initiatives, cross-departmental collaboration, and the preparation of governance-level reporting.

Key Responsibilities

• Oversee the identification, assessment, and mitigation of risks across payment processes.
• Ensure payment operations meet regulatory requirements and internal risk management standards.
• Lead the development and implementation of fraud prevention measures.
• Manage payment risk optimisation initiatives, including improvements to the Target Operating Model, risk reporting, and business process design.
• Support the governance and ongoing operations of the Payment Risk Change Forum.
• Coordinate with teams across Payments, Risk, and wider Group functions to ensure aligned delivery of risk controls.
• Collaborate with third-party consultants to remain current with industry trends and best practices in risk management.
• Produce proposals to improve the effectiveness and efficiency of payment risk practices.
• Contribute to a broad range of operational and strategic risk activities.
• Extensive experience in payment risk management, fraud prevention, or financial crime within a banking or financial services environment.
• Strong understanding of UK regulations, including FCA, PSD2, AML, and broader financial crime frameworks.
• Deep knowledge of both UK and international payment schemes and standards.
• Experience in drafting and maintaining payment risk policies is essential.
• Knowledge of BACS, Faster Payments, and CHAPS is essential; SWIFT experience is advantageous but not required.
• Competitive salary up to £80,000k, depending on experience and location.
• Hybrid working model across different locations, such as London, Manchester or Cardiff.
• Opportunities for career progression and professional development within the payments and risk function.
• Comprehensive health and wellness benefits.
• An inclusive and collaborative work environment that supports diversity of thought and background.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing, Finance, and Other

• Industries

  Financial Services and Banking

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