Product Risk Manager - SME - London

ZipRecruiter; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Product Risk Manager to support the development of a robust risk culture within SME banking. This role involves ensuring compliance with product risk appetite, empowering product teams, and collaborating with various stakeholders to achieve strategic objectives. The ideal candidate will possess a strong background in banking, particularly in managing product risk, and demonstrate excellent analytical and communication skills. Join a dynamic team dedicated to reshaping banking and delivering exceptional outcomes for customers in a fast-paced environment.

Benefits

25 days holiday plus public holiday flexibility

Extra day off for birthday

Increased annual leave with service

Paid volunteering time

Enhanced pension scheme

Life insurance at 4x salary

Private Medical Insurance

Discounts with partner companies

Generous family-friendly policies

Perkbox membership

Qualifications

• Experience in SME banking and product risk management.
• Strong analytical and problem-solving skills required.

Responsibilities

• Support SME banking strategy and compliance with product risk appetite.
• Assist in delivering good outcomes and maintaining control environment.

Skills

Analytical Skills

Interpersonal Skills

Communication Skills

IT Literacy

Attention to Detail

Problem-Solving

Team Collaboration

Adaptability

Strategic Thinking

Education

Experience in Banking/Financial Services

Experience in Regulated Financial Institution

Job description

Job Description

Hello, we’re Starling. We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way. We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company.

We’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices. Reporting to the Head of Product Risk and Governance, the Product Risk Manager - SME will support the development of the SME banking product risk culture, governance, policy, controls and MI, to help ensure good outcomes for customers. Additionally, this role also involves supporting the SME segment’s financial crime and operational risk objectives.

Key Accountabilities:

1. Supporting SME banking to execute its strategy in line with product risk appetite and demonstrate compliance.
2. Help with empowering product teams to build compliant products through early involvement and combination of customer centricity with adherence to regulatory requirements.
3. Support with ensuring all new product initiatives are steered through the governance structure and that we move swiftly and safely.
4. Support with ensuring existing and back book product reviews are completed by 1st line product owners at the right cadence and to the requisite standard.
5. Assist the SME business in delivering good outcomes and maintaining a strong control environment - with regular documentation, calibration, review, testing and timely action completion.
6. Support with ensuring relevant, up to date and accurate MI to measure and monitor risk and report to relevant committees.
7. Assist with maturing and embedding training and development framework for product risk.
8. Help 1st line solution/product owners execute their risk management responsibilities.
9. Engage and collaborate with Second Line risk across the bank and Group Head of Internal Audit to create a coherent risk view.

Requirements

1. Experience in Banking/Financial Services, particularly Business/SME banking experience.
2. Experience supporting the management of SME product risk in 1st LOD environments covering Conduct Risk topics across product governance, marketing and finprom, vulnerable customers, complaints etc.
3. Experience working in a regulated financial institution.
4. Strong desire to solve problems - using regulation and data to drive business decisions.
5. Ability to analyse and interpret complex regulatory frameworks, including the interaction between multiple regulations/frameworks.
6. Hands-on, resilient and adaptable to a fast moving environment.
7. Bias to action, through curiosity and collaboration.
8. Business acumen and commercial awareness.
9. Strategic thinking and planning.
10. Team player - strong on stakeholder collaboration.

Skills:

1. Highly analytical.
2. Strong interpersonal and communication skills.
3. Strong numeracy and analytical skills as well as IT literacy.
4. Strong written and oral communication skills.
5. Excellent attention to detail and accuracy.
6. A proactive, ‘can do’ attitude, quick learner and can handle multiple tasks at once.
7. Ability and desire to operate in a fast moving, dynamic environment.
8. Confident communicator.
9. Resilient, adaptable and has a growth mindset.

Benefits

1. 25 days holiday (plus take your public holiday allowance whenever works best for you).
2. An extra day’s holiday for your birthday.
3. Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off.
4. 16 hours paid volunteering time a year.
5. Salary sacrifice, company enhanced pension scheme.
6. Life insurance at 4x your salary.
7. Private Medical Insurance with VitalityHealth including mental health support and cancer care.
8. Partner benefits include discounts with Waitrose, Mr & Mrs Smith and Peloton.
9. Generous family-friendly policies.
10. Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks.
11. Access to initiatives like Cycle to Work and Salary Sacrificed Gym partnerships.

About Us: You may be put off applying for a role because you don’t tick every box. Forget that! While we can’t accommodate every flexible working request, we’re always open to discussion. So, if you’re excited about working with us, but aren’t sure if you’re 100% there yet, get in touch anyway. We’re on a mission to radically reshape banking – and that starts with our brilliant team.

Whatever came before, we’re proud to bring together people of all backgrounds and experiences who love working together to solve problems. Starling Bank is an equal opportunity employer, and we’re proud of our ongoing efforts to foster diversity & inclusion in the workplace. Individuals seeking employment at Starling Bank are considered without regard to race, color, religion, sex, gender identity or expression, marital status, medical condition, ancestry, physical or mental disability, military or veteran status, or any other characteristic protected by applicable law.

By submitting your application, you agree that Starling Bank may collect your personal data for recruiting and related purposes. Our Privacy Notice explains what personal information we may process, where we may process your personal information, its purposes for processing your personal information, and the rights you can exercise over our use of your personal information.