Risk Assurance Manager

Bank of Ireland; United Kingdom; On-site; GBP 40,000 - 60,000; Full time

Job summary

The Bank of Ireland is seeking a Risk Assurance professional to enhance compliance and operational effectiveness across BOIUK. Responsibilities include undertaking reviews to identify risks, reporting findings and developing assurance techniques to support the bank's strategic objectives. A strong understanding of UK Financial Services regulations is essential, along with excellent analytical and interpersonal skills.

Benefits

24 days annual leave

Excellent pension contributions

6 months paid maternity leave

Flexible working

Employee assistance program

Educational and professional development support

Qualifications

• Minimum 2 years' experience in risk, compliance, or audit role within Financial Services.
• Demonstrably good knowledge of UK Financial Services regulations.
• Ability to lead stakeholders and influence others.

Responsibilities

• Undertake reviews to identify risks and report findings.
• Ensure compliance with procedures and controls.
• Train and mentor colleagues in risk assurance practices.

Skills

Interpersonal skills

Communication skills

Analytical skills

Tools

MS Office

Excel

Word

Job description

What is the opportunity

The role will provide the opportunity to gain exposure to senior executives across BOIUK and Group and play an important part in ensuring safe delivery of the UK and Group Risk strategic objectives.

Candidate must be able to meet the occasional travel requirements.

In this role you will:

• Undertake reviews at all BOIUK units as determined by the risk assurance programme to identify any conduct, regulatory, financial crime and operational risks that are occurring in the business, risk-rating the impact of these using in-house processes and risk methodologies.
• Scoping out activity and analysis of adherence to procedures, expected controls and retention of evidence
• Ensure findings and risk issues are collated and outputs recorded in a variety of report formats. The role-holder has a considerable level of responsibility in decision-making in respect of both accurate risk-rating and determining format and content of reports.
• Accountability for agreeing and tracking all remediation plans addressing risk issues to completion and where this is not achieved implement the escalation processes in place via line management.
• Ensure accurate and comprehensive information is gained during the scoping and completion of the review, and ensure open business engagement and understanding throughout.
• Develop a network of contacts, within the business and Risk Partner community to enable relationships to be built and maintained.
• Through networking and scoping activity, identify new and changing business areas that do not form part of the current risk assurance programme, highlighting this to the Lead Manager - Risk Assurance, for consideration of inclusion in future risk assurance activity, where required.
• Perform regular and accurate updates to in-house file and system records to maintain the rolling risk assurance plan. Where required, the role holder may be asked to complete ad-hoc and periodic reporting, which involves analysis of system records and provision of commentary.
• Engage and contribute to the ongoing development of risk assurance techniques and procedures, to aid unit operational effectiveness.
• Ensure all assurance reviews are undertaken efficiently and effectively, leveraging data analysis, handling time and cost, and pro-actively making suggestions for improvements.
• Maintain and develop personal awareness of UK regulation, rules, statutes, codes of practice and external good practices to enable accurate assessment of potential risks.
• Train and develop colleagues and (in relation to review outputs) business staff. Be a mentor within the team as a result of recruitment or personal development plans.
• Act as an internal consultant to business units in relation to review activity and findings, with the aim of facilitating understanding and sharing best practice. Provide input and feedback to planned business procedures and practices where assurance experience is beneficial to the exercise.

What will make you stand out?

• Demonstrably good working knowledge of UK Financial Services regulations, Codes of Practice and products.
• Minimum 2 years' experience in a risk, compliance or audit role within Financial Services.
• Strong interpersonal, communication and report writing skills.
• Ability to lead stakeholders and influence others
• Demonstrable analytical skills.
• Knowledge of MS office packages with good knowledge of Excel and Word.

Essential Qualifications

There are no minimum educational requirements for this role.

More about the team

Group Risk guides the Group in its definition and articulation of risk appetite and provides strong independent oversight and management of the Group's risk profile, as the Group fulfils its Purpose to enable our customers, colleagues and communities to thrive and pursues its Ambition to be the National Champion Bank in Ireland and selective international diversification. As the Group progresses its Strategic Priorities to serve customers brilliantly, transform the Bank and Grow sustainable profits the Group Risk adopts the philosophy that great customer outcomes and great risk management are intrinsically linked through culture. The Function maintains a robust risk culture, in support of the Group's strategic goals, by ensuring that the appropriate structures, systems, policies and controls are in place to provide effective management of risk. Group Risk strives to support the Group in optimising returns over the longer term through robust and value adding risk management. The Function's ambition is to ensure that Group Risk is an enduring source of strategic advantage to the Group.

Why work with us

The Bank of Ireland company culture prioritises work-life balance with an opportunity for flexible working, along with 24 days annual leave and excellent pension contributions. Family can mean different things to different people; we offer 6 months paid maternity leave, an innovative fertility and surrogacy policy and working parent supports.

Your wellbeing is important to us; we have an employee assistance program, WebDoctor and financial wellbeing coaches available. We also encourage and support staff to pursue educational and professional qualifications to grow and enhance your career!

Key Competencies

• Customer Focused - Self
• One Group, one team - Self
• Agile - Self
• Accountable - Self
• Manage Risk - Self

We`re on a continuous journey to build an inclusive and diverse workplace. We welcome applications from people of all backgrounds, lived experience, abilities and perspectives. We provide reasonable accommodations at every stage of our recruitment process for disabilities, neurodivergence or medical conditions. If you require an accommodation please complete this form and one of our recruitment team members will be in touch via email.

Any information provided will be treated as confidential within the recruitment team and used only for the purpose of determining and providing appropriate accommodations for the application and recruitment process.

Where Agency assistance is required Bank of Ireland Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Bank of Ireland by Recruitment Agencies will not be accepted for this role.