Business Banking Risk and Control Oversight Specialist
- Newcastle Glasgow
- £44,800-56,000 per year
- Permanent
- Full-time
Salary range: £44,800 - £56,000 per annum DOE + benefits
Location: Hybrid with monthly travel required to a UK Virgin Money Hub
Contract type: PermanentOur TeamAt Virgin Money, we believe in doing things differently. Our Business Partnering team is at the heart of our Business Controls Office, helping to shape safe, sustainable growth across our Commercial business. We're the first line of defence-ensuring our products and services deliver great outcomes for our customers while meeting regulatory expectations.We're growing our team and looking for passionate, detail-driven professionals who thrive in a collaborative, purpose-led environment. As part of our dynamic, forward-thinking team, you will play a critical role in shaping the future of commercial success. You won't just maintain the framework - you'll shape it. You'll partner with senior stakeholders across Commercial, Risk, Operations, and Technology to strengthen first-line controls, embed risk awareness, and lead meaningful change in how we think about governance.What you'll be doing
- Acting as an advisor to senior business leaders, embedding a strong control environment that supports commercial objectives while maintaining risk integrity.
- Embedding the Business Banking risk and control profile and continuous review approach in line with the Risk Management Framework.
- Supporting the business in the identification, logging and management of issues and events, ensuring this is regularly monitored and reported to the Senior Leadership Team.
- Planning, scoping and delivery of assurance activity in line with Commercial's oversight plan, with assurance activities proportionate to the level of risk.
- Developing efficient, evidence-based controls assurance frameworks and executing testing of key controls (design and operating effectiveness), reporting findings to senior management.
- Translate policies and risk appetite into operational action, ensuring controls are practical, sustainable, and outcome focused.
- Specific compliance activities to meet regulatory expectations through the effective oversight of the Sensitive Information Management Standards control framework; Market Abuse controls and bank-wide Personal Account Dealing framework.
- Proven experience of working within a risk and governance within Business/Commercial Banking.
- A strong working knowledge of legal requirements applicable to listed companies, including the management of inside information, the use of information barriers under conflict management within large organisations, and personal account dealing rules.
- A solid understanding of risk and control environments within a complex, fast-paced business (preferably within a Business/Commercial Bank)
- Proven ability to design, implement, and monitor effective control frameworks.
- Strong commercial acumen - you understand how risk management adds value, not friction.
- Practical understanding of the regulatory environment as it applies to business banking areas.
- A proactive approach to problem-solving with strong monitoring and analytical skills.
- Exceptional stakeholder management and communication skills, with the confidence to challenge senior leaders constructively.
- In-depth knowledge of regulatory and business practices for Commercial products. Including experience with Consumer Duty.
- A university degree or equivalent experience in financial services
- Competent use/knowledge of Microsoft 365
- Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
- Up to five extra paid well-being days per year.
- 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
- Market-leading pension.
- Free private medical cover, income protection and life assurance.
- Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.
Although some of our roles allow you to be based anywhere in the UK, we'll need you to confirm you have the right to work in the UK.If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks - we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.Advertised: 04 Sep 2025 GMT Daylight Time
Applications close: 11 Sep 2025 GMT Daylight Time