Second Line Risk Manager

Allied Irish Bank; London; Hybrid; GBP 70,000 - 95,000; Full time

Job summary

A leading bank seeks a Risk Management professional to oversee risk frameworks and regulatory compliance. The role involves leading reviews, supporting risk committees, and ensuring that risk practices align with strategic objectives. Successful candidates will possess extensive experience in banking and regulatory knowledge, contributing to a collaborative team environment.

Benefits

Market leading Pension Scheme

Healthcare Scheme

Variable Pay

Employee Assistance Programme

Family leave options

Two volunteer days per year

Qualifications

• Strong experience in Capital Management or ALM within a banking institution.
• In-depth knowledge of regulatory frameworks related to Capital Risk.
• People management experience in complex risk domains.

Responsibilities

• Lead second line independent reviews and challenges of ICAAP.
• Oversee Capital and Business Model Risk metrics.
• Engage with external firms to inform business strategies.

Skills

Analytical skills

Problem-solving

Communication

Education

Degree in Finance, Economics, or Mathematics

Job description

Location/Office Policy:

London (St Mary's Axe) or Belfast (Ann Street)

Remote Centric

• Do you want to be part of a highly skilled and collaborative risk management team?
• Are you able to grasp complex, high impact risk management challenges and distil their primary risk drivers?
• Can you provide clear, informed, risk challenge to our first line colleagues, to help them manage financial risks within our business?

What is the Role:

The Risk Function is an independent, second line of defence function that monitors, controls and supports risk-taking activities across AIB. The purpose of the Risk Function is to provide advice and guidance in relation to risk while providing independent oversight and reporting on AIB's risk profile.

The Risk Function's main objective is to ensure AIB has a robust risk management framework and culture in place to ensure risks are taken within the risk appetite set by the Board, in support of AIB's customer franchise and social responsibility.

Reporting to the UK Head of Financial Risk, the successful candidate will support the evolution of the UK Financial Risk team.

Key accountabilities;

We're looking for someone who would be interested in:

Leading the second line independent review and challenge of AIB UK's ICAAP including collaborating with colleagues from across the UK Risk Function to form a single UK Risk opinion.

Leading the review and challenge of UK specific elements of the Group's Recovery Plan.

Overseeing the Bank's suite of risk appetite metrics as they relate to Capital and Business Model Risk, including drafting of the team's monthly submission to UK Risk Committee.

Leading the team's involvement in key annual risk management processes for Capital and Business Model Risk (eg Risk Appetite formulation, Material Risk Assessment process and Framework/Policy reviews).

Leading the UK Risk review & challenge of the annual Business Plan and Strategy.

Lead second line deep dives to evaluate key capital adequacy risks, ensuring accuracy of information and alignment with policy and standards. Provide in depth analysis and communicate findings including appropriate recommendations to mitigate identified risks concisely to senior management through UK ALCo, UKRC and Board papers.

Writing risk opinion papers in relation to material changes proposed by the business and presenting findings to UKRC or UK ALCo.

Engaging with external firms or industry forums to inform business strategies and policy and ensure these continue to reflect current legal and regulatory requirements.

What you Will Bring ;

• Strong experience in a Capital Management or ALM role within a banking institution, with direct exposure to either the preparation of an ICAAP or the second line review and challenge of an ICAAP.
• In-depth knowledge of regulatory frameworks related to Capital Risk and Recovery Planning (eg Basel Committee guidelines, PRA/EBA standards).
• Strong analytical, problem-solving, and communication skills.
• A degree in Finance, Economics, Mathematics, or related Risk/Finance based discipline.
• Proven people management experience, including ability to upskill staff in technically complex topics.

Why Work for AIB

We are committed to offering our colleagues choice and flexibility in how we work and live and our hybrid working model enables our people to balance their time between working from home and their designated office, subject to their role, the needs of our customers and business requirements.

Some of our benefits include;

• Market leading Pension Scheme
• Healthcare Scheme
• Variable Pay
• Employee Assistance Programme
• Family leave options
• Two volunteer days per year

Please click here for further information about AIB's PACT - Our Commitment to You.

Key Capabilities

• Collaborates
• Ensures Accountability
• Negotiation and Influence
• Depth of Technical Knowledge
• Risk Analysis
• Emerging Risks & Trends

External

If you are not sure about your suitability based on any aspects of the role advertised, we encourage you to please contact the Recruiter for this role, Tim at [e-mail] for a conversation.

AIB is an equal opportunities employer, and we pride ourselves on being the first bank in Ireland to receive the Investors in Diversity Gold Standard accreditation from the Irish Centre for Diversity. We are committed to providing reasonable accommodations for applicants and employees. Should you have a reasonable accommodation request please email the Talent Acquisition team at [e-mail]

Disclaimer:

Unsolicited CV's sent to AIB by Recruitment Agencies will not be accepted for this position. AIB operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our recruitment partners.

Application deadline : 30th May 2025