Risk & Control Director

Motonovo; Cardiff; Hybrid; GBP 80,000 - 120,000; Full time

Job summary

A leading company in the finance sector is seeking a Risk & Control Director to enhance its risk management framework. The role involves strategic oversight, stakeholder engagement, and the development of a risk-aware culture. Ideal candidates will have extensive experience in the UK Consumer Credit sector and strong leadership skills.

Qualifications

• Experience in UK Consumer Credit sector, including CCA products.
• Understanding of Financial and Non-Financial Risks.
• Ability to write clear policies and procedures.

Responsibilities

• Lead and strengthen the risk and control framework.
• Engage with stakeholders including FCA and Board members.
• Promote a risk-aware culture across the business.

Skills

Risk Management

Stakeholder Management

Communication

Leadership

Regulatory Knowledge

Job description

This is a Permanent, Full-Time vacancy that will close in 13 days at 23:59 BST.

The Vacancy

Location: Cardiff with regular travel to London (Hybrid working)

Aldermore Group is seeking an experienced and forward-thinking Risk & Control Director to lead and strengthen the first line risk and control framework within our Motor Finance business. This is a pivotal leadership position that sits within both the Motor Finance senior leadership team and the wider Aldermore Group leadership community.

As the Risk & Control Director, you will take ownership of the risk profile for the Motor Finance division, ensuring alignment with the Group’s Risk Appetite, Frameworks, and Policies. Operating in the First Line of Defence, you will embed a robust risk culture and drive proactive risk management across the business.

This role involves engaging with stakeholders including the FCA, Board members, Group Executives, the Chief Risk Officer, the Second Line of Defence, investors, credit rating agencies, and more.

This position is Certified under the FCA’s Senior Managers & Certification Regime (SM&CR).

If you are a strategic thinker with deep expertise in risk and control and a passion for leading in a regulated environment, we invite you to help shape the future of Motor Finance at Aldermore.

• Oversight: Review and challenge of 1LOD risk management & control to ensure risks are managed within the Group’s risk appetite, frameworks, policies, and relevant regulations (e.g., CONC, DISP). Ensure risk management conforms to industry best practices.
• Strategic Partner: Act as a business partner to senior Motor Finance leaders to influence risk culture, identify emerging risks, and support risk mitigation strategies. Oversee incident management and root cause analysis.
• Leadership & Resilience: Lead, manage, develop, and coach a team of Risk & Control professionals to oversee risk management and provide expertise across the Group.
• Risk Appetite: Support the 2LOD Risk Function to set appropriate risk limits ensuring key risk metrics stay within approved constraints.
• Control: Implement and embed the Risk and Control self-assessment (RCSA) process, ensuring controls are fit for purpose and compliant with regulations such as Consumer Duty and the Consumer Credit Act.
• Insight & Analysis: Produce insights into the quality and concentration of Motor Financial & Non-Financial risks.
• Culture: Promote a risk-aware culture and foster collaboration with Audit and 2LOD Risk teams.
• Stakeholder Management: Engage with regulators, credit agencies, and third-party providers, providing advice and oversight.
• Governance: Participate in senior risk forums and governance bodies.

External Environment: Monitor external regulatory and legal developments affecting consumer finance and lead regulatory change initiatives.

About You:

• Experience in UK Consumer Credit sector, including CCA products.
• Understanding of Financial and Non-Financial Risks.
• Knowledge of UK regulators’ expectations, especially FCA and PRA, with experience in regulator engagement preferred.
• Strong communication skills to manage internal and external relationships and present to senior stakeholders.
• Experience in designing proportionate control frameworks tailored to specific risk profiles.
• Ability to write clear policies and procedures, and manage incident and operational risks.

We value diversity and are committed to an inclusive environment. We conduct thorough background checks, including criminal record verification.