Business Risk Advisor

Seltek Solutions Ltd
55000.00 GBP Annual
14 Jun 2017
21 Jun 2017
Contract Type
Full Time

Our city client is recruiting a permanent Business Risk Advisor working as part of the Risk function and reporting directly into the Head of Risk Assessment & Assurance.

If you have 3 years plus experience working in risk management supporting first line defence with a broad understanding of the UK payments industry and are looking to advance your career then we would like to receive your application.

Details of the Role

As a member of the Risk Team, you will support the Head of Risk in assisting with the delivery of the company strategy by contributing to an effective Enterprise Risk Management Framework (ERMF) to the company and its subsidiary companies. You will act as part of the First Line of Defence, supporting specific business areas with identification of their risks and designing/ensuring their control landscape including:

  1. Acting as an internal consultant, working closely across the First Line of Defence and communicating risk requirements in lay terms to non-risk professionals.

  2. Providing meaningful insight on all areas of risk, the external and internal risk landscapes and facilitating risk workshops.
  3. Undertaking risk analysis work as required.

  4. Assist in offering constructive challenge to the business providing independent thinking and


  5. Assisting the Company, its service participants and key suppliers to achieve compliance with

    all agreed risk management protocols.

  6. Support the embedding of continued risk awareness of a risk culture in the first line of defence.

  7. Building and maintaining relationships between the First Line of Defence and the Risk Team.

  8. Supporting the business in its regulatory matters.

  9. Deputise for the Risk Managers in their absence or as requested and support them in day to day activities of risk oversight by providing input to the risk registers from the first line risk activities.

Main Activities and Responsibilities

You will assist in the delivery of a robust Enterprise Risk Management Framework.

Activities include:

  • Assist the Risk Function in delivering an effective ERMF internally to the Company and subsidiary Companies.

  • Work closely with the business First Line of Defence to provide comprehensive risk support, advice and guidance in order that Risk Owners can effectively manage their risks. This will include the identification of risks and suitable controls followed by the implementation and verification of controls for business processes, ensuring results are considered during risk assessments by the business, Risk Owners, and Risk Managers.

  • Work closely with business Project Teams to provide comprehensive risk support, advice and guidance in order that Project/Programme Managers can effectively manage and report their Project Risks. This will include ensuring results are considered when reviewing and assessing risks in the Risk Registers.

  • Support decision making by the business, and assist in the identification and assessment of risks through detailed/specific risk analysis work as required.

  • Ensure the Risk Managers and risk management information system are kept up to date with the results of any risk activity, assessments, or risk/control reviews undertaken to ensure accurate risk management and reporting.

  • Assist in the maintenance of appropriate risk policies and procedures, particularly those relating to Security/Cyber risks. Documenting and maintaining any new processes developed.

  • Assist in the delivery of risk management training and communications strategy within the Company, management and staff including providing support, education and training to staff to maintain risk awareness.

  • Assist the Company in maintaining compliance with the CPMI-IOSCO principles, ensuring that changes are reported/escalated accordingly, and captured in the next self-assessment.

  • Review and obtain an understanding of incidents (and related controls) to ensure any associated impact or trends are considered by management when assessing risk, and report accordingly.

  • Have day to day responsibility for liaison with key Risk Stakeholders in particular, Risk Managers, Risk Owners, First Line employees, Risk Committees (where attendance is delegated or requested).

  • Ensure appropriate and pro-active relationships are established with the First Line business functions, and Project Teams.

  • Support the Head of Risk in the delivery of the Risk management strategy.

  • Deputise for the Risk Managers in their absence or as requested and support them in day to day activities of risk oversight by providing input to the risk registers from the first line risk activities.

What You'll Bring:

  • In an environment that thrives on interaction with both your team and an array of stakeholders at various levels, you'll demonstrate strong interpersonal skills, communicating effectively with strong written and verbal skills, together with the ability to plan, organise and manage your time effectively.

  • You'll possess a broad understanding of the UK payments industry, payments product types along with an interest in industry changes and be able to understand where risks arise, and the impact of change on risk exposure.

  • You will be confident self-managing with recent experience in a hands-on consulting and Matrix managed environment.

  • You'll have extensive experience in identifying and analysing operational/technology weaknesses and advising on strong process controls, and assisting First Line management in implementing significant change practices across our business environment.

  • Be experienced in undertaking detailed/specific risks analysis, drawing conclusions and making recommendations to support business decision making.

  • Be experienced using an automated risk management tool.

  • Experience and skills conducive with a background in Risk Management and supporting the First Line of Defence (preferably Project Management, Change Management, Product Development or Operations), which would translate smoothly into this role, and

  • Expertise obtained through a relevant Risk qualification, such as the IRM or similar or a candidate who is willing to gain a relevant qualification.