Job Description

Job Summary

Main purpose of the job

The Senior Manager – Risk & Compliance will lead the development, implementation, and oversight of the organization’s risk management and compliance framework in line with UK regulatory requirements. The role ensures the business operates within legal and ethical boundaries while proactively identifying and mitigating risks.

Key Responsibilities

Key tasks & responsibilities

1. Risk Management

Develop and maintain the enterprise risk management (ERM) framework

Identify, assess, and monitor key risks (operational, financial, regulatory, reputational)

Lead risk assessments, scenario analysis, and stress testing

Maintain risk registers and ensure mitigation plans are in place

Report key risk indicators (KRIs) to senior leadership and board committees

1. Compliance & Regulatory Oversight

Ensure adherence to UK regulatory requirements e.g., Financial Conduct Authority (FCA)

Oversee compliance monitoring programs and internal audits

Interpret regulatory changes and implement necessary controls

Act as the primary liaison with regulators and external auditors

Support the Director of Risk & Compliance in the identification and assessment of external threats.

1. Policy & Governance

Develop and update compliance policies, procedures, and internal controls

Promote a strong risk-aware culture across the organization

Support governance frameworks and board reporting

Completion of regular risk and risk event (Incidents, Breaches and our Crisis Management) reporting to the SMT, Risk Management & Audit Committee (RMAC), the Board and other relevant internal committees.

1. Stakeholder Management

Collaborate with business units, legal, audit, and senior leadership

Provide training and guidance on risk and compliance matters

Influence decision-making through risk-based insights

Provide advice and challenge to the SMT and their direct reports in relation to risk reporting, risk assessment and mitigation.

5.Team Leadership

Lead and mentor a team of risk and compliance professionals

Drive performance, development, and succession planning Support the evolution of the risk appetite framework.

Establishing more ‘risk based’ MI for senior management consumption by identifying Key Risk Indicators.

Continuously develop the Risk and Control Frameworks documentation including

appropriate Registers.

Skill Requirements

Education/ Qualifications/ Training

Educated to degree standard.

Relevant degree or equivalent Professional Risk Qualifications and Certifications (e.g. IRM)

Special Skills/ Knowledge

Good working knowledge of ERM frameworks.

Good understanding of external ERM standards such as ISO 31000, IRM Risk Management Standard, COSO ERM standard etc.

Good understanding of Conduct Risk obligations.

Understanding of Life & Pensions outsourcing business model

Other Requirements

Experience

8-12+ year’s experience in Risk, Compliance, or Audit roles

Risk Management experience gained within Financial Services.

Experience in developing / implementing Risk management related change programmes.

Strong experience in UK regulatory environment

Personal Qualities

Displays an adaptable and flexible working style, remaining calm under pressure, adjusting comfortably to changing conditions/ priorities,

Proven planning and organisation skills,

Demonstrates excellent communication skills, a confident and articulate presenter to internal / external audiences,

Effective report writing skills, ability to develop and present ideas and reasoned arguments clearly and concisely to various audiences.