About Allica Bank
Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.
Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
You would be an integral part of the Operational Risk team, reporting to the Head of Operational Risk. You will be part of a wider team responsible for successfully delivering Second Line of Defence capability within the bank.
To deliver high-quality operational risk assurance reviews in line with the Operational Risk Assurance Plan, including scoping, testing, evidence assessment, reporting and tracking of management actions. The role will also provide ongoing assurance over RiskSmart items to confirm that remediation activity is appropriately owned, evidenced, completed and sustainably embedded.
Deliver operational risk assurance reviews from planning through to final reporting, ensuring work is risk-based, proportionate and supported by clear evidence.
Define review scope, objectives, testing approaches and evidence requirements in consultation with the Head of Operational Risk.
Perform control testing and assurance activity to assess the design and operating effectiveness of operational risk primary controls.
Provide ongoing assurance over RiskSmart items, including alignment with standards, validation of action closure, review of supporting evidence and assessment of whether remediation addresses root causes.
Engage with first line stakeholders to obtain evidence, discuss observations and test the sustainability of completed actions.
Draft clear assurance findings, ratings, conclusions and agreed management actions, ensuring issues are specific, evidence-led and commercially practical.
Monitor and report progress against assurance review actions and RiskSmart items, escalating delays, weak evidence or ineffective remediation where appropriate.
Support thematic analysis of assurance outcomes to identify recurring control weaknesses, emerging operational risk themes and areas requiring further review.
Plan and deliver assigned operational risk assurance reviews to agreed scope, quality standards and timelines.
Maintain complete and accurate assurance working papers, including review plans, testing records, evidence logs, stakeholder discussions and conclusions.
Assess whether controls are suitably designed, operating effectively and aligned to the operational risk profile being reviewed.
Operational risk assurance, control testing or audit experience, ideally within financial services or a regulated environment.
Strong understanding of operational risk, controls, assurance testing, evidence standards, issue management and action validation.
Experience using GRC systems or issue/action tracking tools.
Ability to review evidence critically and reach balanced conclusions.
Clear written communication, with the ability to produce concise assurance reports and management actions.
Strong organisation skills and ability to manage multiple reviews, testing activities and action validations at pace.
Good stakeholder management skills, with the ability to work effectively with first line teams while maintaining second line independence
Focused upon delivering results and meeting deadlines
Ability to provide necessary challenge in a constructive manner
Strong team player
Working at Allica Bank
At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.
Our employees are at the heart of everything we do, so our benefits are designed with you in mind:
Full onboarding support and continued development opportunities
Options for flexible working
Regular social activities
Pension contributions
Discretionary bonus scheme
Private health cover
Life assurance
Family friendly policies including enhanced Maternity & Paternity leave
Don’t tick every box?
Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!
Flexible working
We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.
Diversity
We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
🏆 The UK’s #1 fastest-growing private company (The Sunday Times 100, 2024)
🚀 One of LinkedIn’s Top UK Startups and Deloitte’s fastest-growing UK fintech ever
🌟 Rated ‘Excellent’ on Trustpilot
Allica is a bank built especially for established businesses with between 5 and 250 employees.
A third of the UK’s economy depends on these businesses, yet they’re overlooked by the big banks with a service that is increasingly impersonal, inconvenient, and poor value. We’re here to change that.
Allica Bank is on a mission to give established businesses the banking they deserve. That means:
- a current account that rewards business owners for using it.
- a relationship manager whose name and number they actually know.
- powerful tools and technology that make life easier, not harder.
It’s proving to be a winning combination. Allica was named as Britain's fastest-growing private company in 2024’s The Sunday Times 100, and we’re also the fastest-growing fintech in the 26-year history of Deloitte’s UK Technology Fast 50 awards. Since we opened our doors in 2020, Allica has lent over £3 billion to established UK businesses and raised £4 billion in deposits.
From our offices in Milton Keynes, London and Manchester, we’re offering business banking how it used to be, just better.
