Risk Governance & Oversight Officer

iFAST Global Bank Limited; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Competitive salary

Annual leave 25+8 bank holidays

Pension scheme

Private medical insurance

Hybrid working after probation

Training and development

Gym access

Job summary

iFAST Global Bank Limited in London seeks a senior compliance professional to support risk governance and prudential compliance. The role involves monitoring and testing key controls, challenging risk processes, and evidencing regulatory obligations within a dual-regulated UK bank.

You will liaise with Risk, Finance and Treasury to strengthen governance, oversee CMP activities, and drive improvement across capital, liquidity and regulatory reporting. Hybrid work post-probation is offered.

Qualifications

• Experience in banking risk management, risk governance or prudential compliance.
• Understanding of UK banking regulation and regulatory reporting requirements.
• Ability to evaluate management information, risk assessments and control evidence.
• Strong written communication, judgement and evidence-based conclusions.
• Experience coordinating reviews and meeting deadlines with accurate records.

Responsibilities

• Review the Risk Management Framework and Risk Appetite Framework application, including assessments, reporting, ownership and escalation.
• Ensure timely identification and follow-up of risk appetite breaches, emerging risks and material exceptions.
• Perform Compliance Monitoring Plan testing and provide findings and recommendations for improvements.
• Review risk-based samples of RCSAs, control assessments and risk reporting to assess quality of review and follow-up.
• Record findings clearly and escalate significant issues through the Head of Compliance.
• Monitor governance and controls to ensure PRA requirements are complied with, including capital, liquidity, ICAAP/ILAAP and regulatory reporting.
• Deliver CMP reviews with planning, scoping, testing, evidence review and action follow-up.
• Provide clear monitoring reports and management information highlighting material issues and overdue actions.
• Identify recurring weaknesses in risk oversight and governance; propose practical improvements.
• Collaborate with Risk, Finance, Treasury and other teams to strengthen risk governance and accountability.

Skills

Banking risk management

Risk governance

Prudential compliance

Compliance monitoring

Regulatory reporting

UK banking regulation

Reporting & communication

Job description

Role purpose

We are a global digital bank dually authorised and regulated by the Prudential Regulatory Authority and the Financial Conduct Authority. The role is to support the Head of Compliance in overseeing the Bank’s risk governance arrangements and compliance with relevant both regulatory and prudential requirements. The role involves supporting risk related activities with additional reviews on work carried out by the Risk function. The Bank is seeking to continue to develop and maintain strong risk management controls. Further work will involve assessments and record keeping with appropriate evidence of regulatory and prudential expectations by highlighting where enhancements and recommendations are required. Reviews will partly form part of the Compliance Monitoring Programme (CMP) and would not duplicate work already undertaken by the Bank’s Risk function.

Key responsibilities

Risk and compliance governance

• Review how the Risk Management Framework and Risk Appetite Framework are applied, including the quality of assessments, reporting, ownership and escalation.
• Check that risk appetite breaches, emerging risks and material exceptions are identified, reported and followed up through the relevant governance arrangements.
• Work on the Compliance Monitoring Plan conducting thorough and accurate testing and recommendations with findings and next steps for improvements.

Support to the Risk function

• Review a risk-based sample of RCSAs, control assessments, risk reporting and other work completed by the Risk function of the Bank to assess the quality of review, challenge, any enhancements needed, evidence and follow-up.
• Use existing Risk reports and supporting records wherever possible, seeking further information from other departments only where needed to address a specific gap or concern.
• Record findings clearly, discuss factual matters with relevant colleagues and elevate significant or unresolved issues through the Head of Compliance.

Prudential regulatory oversight tasks

• Carry out monitoring of governance and controls supporting compliance with applicable PRA requirements, including capital, liquidity, stress testing, ICAAP, ILAAP, recovery planning and regulatory reporting, as relevant to the Bank.
• Check that key prudential obligations have clear owners, appropriate supporting evidence and established reporting and escalation arrangements.

Compliance monitoring and reporting

• Deliver assigned CMP reviews, including planning, scoping, sample testing, evidence review, documenting findings, agreeing actions and following up on progress.
• Produce clear, concise monitoring reports and management information highlighting material issues, recurring weaknesses, overdue actions and matters requiring attention and liaising with relevant stakeholders at the Bank.

Remediation and governance improvement

• Track agreed remediation arising from risk governance and prudential compliance reviews, checking that ownership, timescales and closure evidence are adequate.
• Identify recurring weaknesses in risk oversight, committee reporting, responsibilities and escalation, and recommend practical improvements.
• Work with Risk, Finance, Treasury and other relevant teams to promote sound risk governance, clear accountability and constructive challenge.

The position provides second-line monitoring and challenge within Compliance. Business functions remain responsible for managing their risks and controls, while the Risk function remains responsible for its own assessments, methodologies and specialist risk oversight. The role does not take over these activities or provide Internal Audit assurance.

The Head of Compliance is responsible for work allocation, management and performance assessment. The role works with the Chief Risk Officer on allocated risk matters. Findings and unresolved issues are reported to the Head of Compliance and escalated through the Bank’s governance arrangements where appropriate.

Experience and skills

Essential

• Experience in banking risk management, risk governance, prudential compliance, compliance monitoring or a related control function.
• Good understanding of UK banking regulation, Compliance Monitoring Plans, risk appetite assessments, RCSAs, internal governance and the three lines of defence.
• Ability to evaluate management information, regulatory obligations, assessments and control evidence, and draw clear, well-supported conclusions.
• Sound judgement, attention to detail, strong written communication and confidence to raise and pursue issues constructively.
• Ability to manage a programme of reviews, meet deadlines and maintain accurate records.

Desirable

• Knowledge of PRA prudential requirements, capital and liquidity governance, operational resilience or regulatory reporting oversight.
• Relevant qualification in risk, compliance, or audit in the banking sector.
• Act with integrity and independence of judgement, maintain confidentiality, keep clear records of review work and findings, and raise concerns promptly. Build effective working relationships while remaining willing to challenge where the evidence does not support the conclusion reached.

Why Join iFAST Global Bank?

• Opportunities for professional growth within a dual regulated UK Bank, continuous learning and career progression within a growing international banking group, with exposure to colleagues and operations across different markets.
• Play an important role in strengthening the Bank's risk governance, oversight and control environment.
• Gain valuable experience working with senior stakeholders and contributing to key governance committees and strategic initiatives.
• Work alongside experienced professionals across Risk, Compliance, Operations and other business functions in a supportive, collaborative environment.
• Develop knowledge across a range of banking products, regulatory requirements and risk management disciplines.
• Build your technical expertise and practical experience in risk management, regulatory governance and the three lines of defence.
• Contribute to the ongoing development and enhancement of the Bank's risk management framework, governance arrangements and compliance and risk culture.
• Additionally you will have:
• Competitive salary depending on experience
• 25 days annual leave entitlement plus 8 bank holidays
• Pension scheme, 4% employer contribution
• Private Medical Insurance
• 60-40 Hybrid working after successful probation period
• Training and development
• Free gym access in the building