Risk Management Specialist

4 days ago


manchester, United Kingdom Allica Bank Full time

About Allica Bank

Allica Bank is a leading financial technology company that provides innovative banking solutions to established small and medium-sized enterprises (SMEs). Our purpose is to help SMEs thrive by providing them with the financial tools and services they need to succeed.

Department Description

This role sits within the Risk Management function, reporting to the Business Risk & Control Manager. The team is responsible for identifying, assessing, and mitigating risks across the organization.

Role Description

The Risk Management Specialist will support the Business Risk & Control Manager in all aspects of operational risk and control management, including conduct and non-conduct related risk. Key responsibilities include:

  • Facilitating the identification of risks throughout the organization, developing and reporting on risk management issues, and creating methodologies for risk assessment.
  • Performing analyses, identifying trends, and creating reporting for internal and external use, including for the Bank's Risk Management Committee.
  • Supporting risk and control projects and initiatives to drive improvements to key processes and controls.
  • Partnering with risk and control owners to identify, assess, monitor, measure, and report on various key risk indicators.
  • Conducting risk evaluations of third-party service providers and ensuring appropriate due diligence is performed to identify, mitigate, and maintain ongoing awareness of risks to the Bank resulting from third-party relationships.
  • Supporting business areas with day-to-day risk and compliance questions regarding business processes.
  • Identifying areas of the business that require or would benefit from improved business processes and controls, and assisting with development and implementation of such process and control enhancements.
  • Partnering with business areas to evaluate process or control breakdowns, including root cause analysis.
  • Supporting the coordination and facilitation of the Bank's Risk and Control Self-Assessment (RCSA) and administration of the Bank's annual RCSA refresh.

Principal Accountabilities

  • Providing hands-on risk support across the Bank from a First Line Controls perspective.
  • Supporting the ongoing active management of risk and embedding of the Risk Management Framework.
  • Supporting Business Risk & Control Manager(s).
  • Supporting the ongoing monitoring and reporting of risk through relevant governance.
  • Delivering accurate risk and control performance analysis, through the use of the Bank's strategic risk management solutions.
  • Collating risk performance data for Bank Governance committees.
  • Helping to promote a risk-focused culture across the Bank, embodying Allica's values.

Personal Attributes & Experience

  • A good understanding of risk management principles and practices, including RCSAs, controls, and risk libraries.
  • Knowledge of relevant non-financial risk regulatory requirements, such as Operational Resilience and Outsourcing.
  • Hands-on experience of assurance and monitoring of risks and controls across non-financial risk disciplines.
  • A willingness to be hands-on and adapt quickly to the workflow in support of the Risk Management team, with a focus on delivering results and meeting deadlines.
  • A good understanding of risk management principles and practices, including RCSAs, controls, and risk libraries.
  • Knowledge of relevant non-financial risk regulatory requirements, such as Operational Resilience and Outsourcing.
  • Hands-on experience of assurance and monitoring of risks and controls across non-financial risk disciplines.
  • A willingness to be hands-on and adapt quickly to the workflow in support of the Risk Management team, with a focus on delivering results and meeting deadlines.

What We Offer

Allica Bank is committed to providing a supportive and inclusive work environment that allows our employees to thrive. We offer a range of benefits, including:

  • Full onboarding support and continued development opportunities.
  • Options for flexible working.
  • Regular social activities.
  • 25 days holiday – with the option to Buy/Sell.
  • Pension contributions.
  • Discretionary bonus scheme.
  • Private health cover (with the option to add family members).
  • Life assurance.
  • Income Protection.
  • Family-friendly policies, including enhanced Maternity and Paternity leave.
  • Season ticket loans.


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