Job Description
Join us as a Senior Risk & Controls Associate
We'll look to you to support, develop and embed the risk and control mechanisms for the business, independently overseeing and challenging the effective management of risks and controls
Supporting the design, implementation and ongoing delivery of our risk framework and processes, you’ll work with stakeholders to drive compliance with key regulatory and policy requirements, and provide risk and control advice
Broaden your regulatory knowledge and understanding and develop in a strategic, proactive role which supports the management of the bank's risk profile
What you'll do
As a Senior Risk & Controls Associate, you'll be acting as a subject matter expert and helping to develop, manage and implement our compliance and conduct policies, for our products and services so that we can make sure they are fit for purpose and meet the relevant regulatory expectations.
Day-to-day, you’ll be:
Partnering with the business stakeholders, e.g. Product and Operations to design and implement innovative solutions which meet the needs of the business whilst making sure we remain within stated risk appetite
Providing guidance and support in relation to risk and control management, ensuring regulatory obligations and internal governance requirements are met
Ensuring appropriate and intended customer and conduct outcomes, for either Lending or Savings products, are being delivered through processes and controls by working with Operations, Product and Technology teams
Supporting the design, implementation and ongoing application of a risk based controls framework, driving evolution of processes and key risk indicators
Managing regulatory risk, including the identification, interpretation and implementation of regulatory requirements driving the delivery of change or remediation activities
On hand to deal with ad-hoc events and incidents which expose the business to unanticipated risk
Partnering with a product or functional team to support development of products, features, services which are compliant and controlled by design
Acting as an interface with wider NatWest stakeholders including senior risk colleagues (FLOD and SLOD) in the design and implementation of risk-driven priorities, policies, and processes
Developing and embedding key Risk MI, including maintaining an up to date RAID log and escalating issues to Risk & Controls Lead and/or Chief Risk Officer as appropriate
The skills you'll need
To succeed in this role, you'll need experience in a compliance, conduct or risk management role or similar relevant experience. You'll have knowledge of the regulatory environment and its frameworks, and ideally experience of interpreting regulatory rules and regulations, such as BCOBs, Consumer Credit Act, Consumer Duty, used in the development of banking products and operations would be great, together with experience working in a fast paced, agile environment.
You’ll also demonstrate:
Experience of working with product and functional business teams to deliver new capabilities
Proven strong ability to problem solve with product and functional teams to deliver innovative compliant solutions
Ability to convey complex information and ideas clearly to stakeholders and embed product policy, processes and controls that balance regulatory compliance and commerciality
Confidence to influence and challenge senior risk stakeholders in the interpretation and implementation of internal policy and regulatory requirements, flexing between corporate thinking and a start-up innovative mindset
Experience of working in a customer experience and/or customer design-led thinking environment
Evidence of supporting the development of Lending and or Savings products with external understanding of regulation applicable to either or both
We'll look to you to support, develop and embed the risk and control mechanisms for the business, independently overseeing and challenging the effective management of risks and controls
Supporting the design, implementation and ongoing delivery of our risk framework and processes, you’ll work with stakeholders to drive compliance with key regulatory and policy requirements, and provide risk and control advice
Broaden your regulatory knowledge and understanding and develop in a strategic, proactive role which supports the management of the bank's risk profile
What you'll do
As a Senior Risk & Controls Associate, you'll be acting as a subject matter expert and helping to develop, manage and implement our compliance and conduct policies, for our products and services so that we can make sure they are fit for purpose and meet the relevant regulatory expectations.
Day-to-day, you’ll be:
Partnering with the business stakeholders, e.g. Product and Operations to design and implement innovative solutions which meet the needs of the business whilst making sure we remain within stated risk appetite
Providing guidance and support in relation to risk and control management, ensuring regulatory obligations and internal governance requirements are met
Ensuring appropriate and intended customer and conduct outcomes, for either Lending or Savings products, are being delivered through processes and controls by working with Operations, Product and Technology teams
Supporting the design, implementation and ongoing application of a risk based controls framework, driving evolution of processes and key risk indicators
Managing regulatory risk, including the identification, interpretation and implementation of regulatory requirements driving the delivery of change or remediation activities
On hand to deal with ad-hoc events and incidents which expose the business to unanticipated risk
Partnering with a product or functional team to support development of products, features, services which are compliant and controlled by design
Acting as an interface with wider NatWest stakeholders including senior risk colleagues (FLOD and SLOD) in the design and implementation of risk-driven priorities, policies, and processes
Developing and embedding key Risk MI, including maintaining an up to date RAID log and escalating issues to Risk & Controls Lead and/or Chief Risk Officer as appropriate
The skills you'll need
To succeed in this role, you'll need experience in a compliance, conduct or risk management role or similar relevant experience. You'll have knowledge of the regulatory environment and its frameworks, and ideally experience of interpreting regulatory rules and regulations, such as BCOBs, Consumer Credit Act, Consumer Duty, used in the development of banking products and operations would be great, together with experience working in a fast paced, agile environment.
You’ll also demonstrate:
Experience of working with product and functional business teams to deliver new capabilities
Proven strong ability to problem solve with product and functional teams to deliver innovative compliant solutions
Ability to convey complex information and ideas clearly to stakeholders and embed product policy, processes and controls that balance regulatory compliance and commerciality
Confidence to influence and challenge senior risk stakeholders in the interpretation and implementation of internal policy and regulatory requirements, flexing between corporate thinking and a start-up innovative mindset
Experience of working in a customer experience and/or customer design-led thinking environment
Evidence of supporting the development of Lending and or Savings products with external understanding of regulation applicable to either or both
💡 Quick Summary
Seeking a career-building opportunity? The Senior Risk and Controls Associate position is now open for candidates interested in the Bank Jobs sector. This role in London offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
