Risk & Control Manager

Lord Search & Selection; Watford; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A prominent recruitment agency is seeking a Risk & Control Manager for a leading financial institution. The successful candidate will oversee compliance and control processes, ensuring alignment with industry regulations and best practices while working in a hybrid model, balancing office and remote work. This role offers a rewarding compensation package, professional growth opportunities, and comprehensive benefits.

Benefits

27 days annual leave + bank holidays

Private Healthcare - Self + Partner Cover

Annual bonus scheme - up to 10% non-contractual bonus

COP Car Scheme

Loan Plan Scheme

Employee pension contributions

Flexible Benefit Scheme

Qualifications

• Experienced in 1LOD risk and controls.
• Strong understanding of Consumer Duty and Financial Crime regulations.
• Experience managing a team.

Responsibilities

• Manage compliance and quality assurance for savings activity.
• Develop MI and analysis for customer deposit accounts.
• Lead compliance projects and ensure adherence to regulations.

Skills

Risk awareness

Communication

Organization

Attention to detail

Self-driven

Education

Experience within Financial Services

Job description

We are delighted to be working with one of our key clients who are looking to appoint a Risk & Control Manager who will be responsible for maintaining the highest standard of compliance and first line controls for the savings activity in line with their procedures, company risk appetite and regulations. The job holder manages quality assurance of key outsourced suppliers, ensuring SLA's are respected whilst deliver good customer outcomes. This is a hybrid role, with the expectation to work 2 days a week in the office.

Accountabilities & Responsibilities:

• Manage and coordinate Saving's activities FLOCs, EWI, Risk & AML reporting.
• Manage and develop relationship with new quality assurance supplier, creating and embedding control scorecards.
• Develop MI and analysis for customers' deposit accounts, transactions, and profiles in line with the banks risk appetite, to prevent financial crime and money laundering.
• Build and develop 1LOD controls to manage key regulatory, conduct and operational risks.
• Lead and develop relationships with relevant compliance suppliers ensuring that KPI's are met with maximised service.
• Strong awareness of evolving regulation on Consumer Duty, Financial Crime, as well as understanding of industry best practice on regulatory topics to ensure the Savings activity remains compliant.
• Implement key Compliance and AML projects, working with various stakeholders for delivery. HQ/2LOD & Outsourced partners. (e.g. Confirmation of Payee, Periodic Reviews).
• SCV (Single Customer View) testing and governance.
• Ensure good customer outcomes are being delivered through 1LOD controls.
• Continuously monitor and support the compliance and governance framework, focusing on the performance of team controls and their effectiveness in mitigating risk

Knowledge & Skills:

• Experienced in working within the 1LOD within a risk and controls capacity
• Strong communicator
• Excellent organizational skills
• Ability to work autonomously and under pressure
• Attention to detail, high quality documentation
• Self-driven and proactive approach to achieving company goals
• Risk awareness to make the right decisions, mitigating issues
• Experience of managing a team
• Good knowledge of Consumer Duty, Financial Crime and Banking regulations
• Experience within Financial Services

The benefits are as follows:

• 27 days annual leave + 2 extra half days (Christmas Eve and New Year's Eve) + Bank Holidays
• Private Healthcare - Self + Partner Cover
• Annual bonus scheme - up to 10% non-contractual bonus
• COP Car Scheme (GBP37.50 per month) - Available to order within the first month
• Loan Plan Scheme - entitled up to 2 vehicles at any one time
• Employee pension contribution of 3.5%/Employer pension contribution of 7.22%
• Flexible Benefit Scheme