About the job
About Allica Bank
Allica Bank is recognized as the UK’s fastest-growing financial technology (Fintech) company, dedicated to empowering established SMEs—an often overlooked segment within financial services. Our mission is to provide tailored support to SMEs, which are vital to local economies and represent over a third of our economic landscape.
Department Overview
As a key member of the Controls function, you will report directly to the Head of Controls and play an essential role in a dynamic team focused on enhancing the First Line of Defense risk capabilities within the bank.
Role Responsibilities
Collaborate with business units to integrate the Risk Management Framework, ensuring adherence to policies and procedures.
Conduct testing of existing and new key controls according to an established schedule, contributing to the non-financial risk profile and necessary management actions.
Assist in the operational resilience program, supporting scenario planning and testing initiatives.
Facilitate Risk and Control Self-Assessments (RCSAs) and manage the bank’s annual RCSA refresh.
Aid in the capital calculation for Operational Risk as part of the ICAAP process, including scenario analysis.
Provide hands-on assistance in updating risk data within the bank’s Risk systems, ensuring that risk events and issues are properly identified and managed.
Compile both quantitative and qualitative inputs for First Line Risk Reporting at relevant committees and perform deep dive analyses into thematic risk areas.
Main Responsibilities
Act as a Risk Business Partner, delivering hands-on support from a First Line Controls perspective.
Collaborate with business units to ensure proactive risk management and effective integration of the Risk Management Framework, including RCSA, risk events, issues, and Key Risk Indicators (KRIs).
Provide assurance over key controls through control testing and support operational resilience assessments and testing.
Represent the Head of Controls in meetings as necessary.
Assist in the continuous monitoring and reporting of risk management activities.