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Control Manager (Risk)

Apply now Job no: 094711
Work type: Permanent Full Time
Location: Remote - work from anywhere within the UK
Categories: Risk

Business Unit:  Credit Risk
Salary range: £58,400 - £73,000 per annum DOE + red-hot benefits
Location:  UK Flexible
Contract type: Permanent

Live for the weekday. Live a life more Virgin. 

Our Team 

The Engagement & Control team supports a broad range of key areas of Credit Risk. The team supports the Chief Credit Officer (CCO) and the wider 2LOD Credit risk team managing and overseeing the risk profile for Credit, leading strategic initiatives across Credit, managing budget, recruitment and maintaining structures, and supporting the Credit change agenda.

What you’ll be doing

  • Risk and Control Systems: Leading and supporting business areas to utilise and update the Bank’s central risk and control systems (IRM and ORECS) in line with the group’s Risk Management Framework.
  • Risk Management Practices: Ensuring risk management practices are well understood, communicated, and embedded across the Bank by liaising with the first and second line of defence (1LOD & 2LOD) on the timely identification and management of emerging risks and issues.
  • Support and Guidance: Leading the support, guidance, and constructive challenge to manage risk effectively, driving a robust control environment and providing a central point of contact for Credit Risk Management interactions with colleagues in other areas of the Bank.
  • Key Risk Indicators (KRIs): Development and implementation of meaningful KRIs across the function, ensuring all key risks are identified, discussed, and managed accordingly with the Credit Risk Leadership team and wider business.
  • Reporting: Providing accurate and timely reporting of risks, controls, key indicators, and issues to the monthly Credit Risk Forum, designing and producing succinct and accurate reports, including Control Effectiveness Statements.
  • Continuous Monitoring: Overseeing management and continuous improvement activities across Credit Risk profiles, performing reviews on the application of control frameworks, completing control testing and assurance reviews, and ensuring risks are appropriately assessed and escalated as required.
  • Regulatory Awareness: Maintaining awareness of regulatory and mandatory changes, proactively monitoring regulatory changes and operational performance, and supporting risk owners in managing their responsibilities and meeting the Risk Management Framework (RMF) minimum standards.

We need you to have

  • Expert knowledge of Risk Management Frameworks: Proven experience in understanding and applying risk management frameworks, methodologies, associated policies, and standards, ensuring robust risk management practices are in place.
  • Proven experience in risk reporting: Demonstrated ability to produce dynamic and high-quality risk reporting, including the design and production of succinct and accurate reports, and implementing robust governance procedures and systems.
  • Strong stakeholder engagement skills: Expert ability to engage confidently with stakeholders at all levels, providing risk insight and opinion on queries and papers, and leading support, guidance, and constructive challenge.
  • Analytical and problem-solving skills: Proven experience in providing insightful analysis, identifying and escalating key risks, and performing reviews on the application of control frameworks to ensure risks are appropriately assessed and managed.
  • Regulatory awareness and compliance: Expert knowledge of managing regulatory changes, with the proven ability of proactively monitoring regulatory changes and operational performance, supporting risk owners in meeting required standards.

It’s a bonus if you have but not essential

  • Strong understanding of a Credit Risk function
  • Knowledge of Risk Management disciplines and the 3 Lines of Defence model in place across the Bank.

Red Hot Rewards

  • Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time)​ plus the option to buy more.
  • Up to five extra paid well-being days per year​. 
  • 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt. 
  • Market-leading pension.
  • Free private medical cover, income protection and life assurance.
  • Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness. 

And there's no waiting around, you'll enjoy these benefits from day one.

Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.  As a full-service digital bank with a heritage stretching back over 180 years, we’re a workforce to be reckoned with, and we're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer-obsessed and work tirelessly to deliver on our purpose, ‘Making You Happier About Money.’ This means we're able to do banking differently, and by innovating and working together we can make a real difference by creating memorable moments and red-hot experiences for our millions of customers. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work. 

Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities.  We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.   

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com 

It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants. 

Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks. 

Advertised: GMT Standard Time
Applications close: GMT Standard Time

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