Risk
Manager - Operational Risk Oversight
Job ID: 010567
Location: Leeds, UK, LS1 8EQ
Job type: Permanent - Full Time
Salary: Up to £65,000 based on experience
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Manager Operational Risk Oversight
Help us strengthen how operational risk is understood, challenged and managed across the Society. This is an opportunity to join our second line Operational Risk Oversight team, providing independent oversight and constructive challenge across a broad and evolving risk landscape. Your insight will help senior leaders make well-informed decisions and support the safe, sustainable delivery of our strategy.
About the role
As Manager - Operational Risk Oversight, you will work closely with first line stakeholders, including Directors, to assess how effectively operational risks are identified, reported, managed and mitigated. You will combine thematic reviews, continuous oversight and horizon scanning to provide clear, evidence-based insight and challenge.
You will:
Independently plan and deliver thematic oversight reviews across operational risk areas, including technology, change, cyber, business continuity, data, third parties, health and safety, payments and operational resilience.
Provide proportionate, constructive challenge and practical advice to help the first line strengthen risk and control frameworks.
Represent the second line at risk forums, project steering groups and working groups, ensuring key risks and themes are visible and appropriately escalated.
Turn complex information into concise reporting and insight for senior management, Executive and Board-level audiences.
Support the continued embedding of the Enterprise Risk Management Framework and a strong, risk-aware culture.
Monitor emerging risks, regulatory expectations and relevant industry practice, using these insights to shape oversight activity and priorities.
Work collaboratively across all three lines of defence, sharing findings and supporting joined-up risk management.
About you
You will bring sound judgement, curiosity and the confidence to challenge constructively. Comfortable working independently, you will know when to go into detail and when to step back and connect themes, helping stakeholders understand both the immediate issue and the wider risk implications.
We are looking for:
Strong operational risk experience gained within financial services, either in a first line operational role or in risk, compliance or internal audit.
Demonstrable subject matter expertise in at least one operational risk area.
Experience assessing risk and control frameworks and translating findings into clear, practical actions.
The credibility and communication skills to influence senior stakeholders and deliver difficult messages in a balanced, constructive way.
Strong written skills, with the ability to produce succinct, decision-useful reports for senior audiences.
About Our Benefits
Everyone’s different. That’s why we offer a wide range of benefits and rewards that we think you’ll love – whatever’s important to you, and whatever stage of life you’re at. Such as…
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Our pension scheme (where you can get up to 11% from us)
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On target bonus of 7% (with the opportunity to earn up to a maximum 15%)
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Access to brilliant health benefits
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Life assurance at 6 times your salary
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25 days’ holiday (and the option to buy more)
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Cycle to work or an interest-free loan for an annual ticket
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Wellbeing resources and tools
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Retail and Leisure discounts
Learning & Development
Everyone can build a career path they love here. And that’s because we offer a wide range of programmes, opportunities and more to help you learn, grow, and develop – and reach your full potential.
These include...
- Personal Growth Toolkits - a range of materials that help you discover your strengths, identify your goals, and your next steps.
- Secondment and Stretch opportunities – helping you gain experience in different areas of our business and new ways of working.
- Learning Champion Network – opportunities to work outside of your immediate area and build new skills.
- Apprenticeships and Professional Qualifications – a range of brilliant apprenticeships and programmes available to everyone.
- REACH Diverse Leadership Programme – helping our Black, Asian and Ethnically Diverse leaders progress into senior leadership roles.
Our ways of working and flexibility
We know there’s no single right way of working that fits everyone. That’s why we’re not trying to find one. Instead, we’re doing everything we can to make sure that when we’re working flexibly, together and apart, we’re working at our best. We help our colleagues get the most out of work, and take care of themselves, wherever they’re working.
We offer a range of flexible working options without unsocial hours, which can help you find a healthy work-life balance. Whether it’s finishing early for an appointment or fitting your studies and hobbies in around your working hours, we can help make it work for you. We’re happy to talk flexible working and you can reach out to us anytime during the recruitment process to discuss this.
Find out more about our Ways of WorkingOur Colleague Networks & Groups
Our Vision is to be a leading organisation that embraces diversity, champions equity, and creates an inclusive environment where all individuals regardless of their background or identity feel valued, empowered and supported.
Our Colleague Networks and Groups are designed to amplify the voices of diverse groups and provide a structured route to effect real change. They provide a safe space and use colleague feedback to support the progression of our DEI Strategy. Our eight networks and groups are:
Hear from our people
Our commitments to Community and Charity
Ever since we started back in 1864, we’ve had a clear purpose – to do some good in our communities through helping people keep their savings safe. And helping everyone have a place to call home. Today, that purpose is still a huge part of who we are. And every one of our colleagues helps that happen.
We’re committed to volunteering our time, resources, skills and knowledge – more than 50% of colleagues contribute to thousands of volunteer hours every year. And our Charitable Foundation has now donated over £9 million to charities and good causes across the country.
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