Risk & Control Director
Aldermore Bank plc Cardiff, United Kingdom
The Vacancy
Risk & Control Director - Motor Finance
Location: Cardiff with regular travel to London (Hybrid working)
Aldermore Group is seeking an experienced and forward-thinking Risk & Control Director to lead and strengthen the first line risk and control framework within our Motor Finance business. This is a pivotal leadership position that sits within both the Motor Finance senior leadership team and the wider Aldermore Group leadership community.
As the Risk & Control Director, you will take ownership of the financial and non-financial risk profile for the Motor Finance division, ensuring alignment with the Group's Risk Appetite, Frameworks, and Policies. Operating in the First Line of Defence, you will be instrumental in embedding a robust risk culture and driving proactive risk management across the business.
This role is highly visible and collaborative, engaging with a diverse range of stakeholders including the FCA, Board members, Group Executives, the Chief Risk Officer, the Second Line of Defence, FirstRand, investors, credit rating agencies, and more.
This is a Certified Role under the FCA's Senior Managers & Certification Regime (SM&CR), reflecting the critical nature of the position in ensuring effective governance and risk oversight.
If you are a strategic thinker with deep expertise in risk and control and a passion for leading in a dynamic, regulated environment we invite you to help shape the future of Motor Finance at Aldermore.
Our Opportunity:
* Oversight: Review and challenge of 1LOD risk management & control to ensure risk is managed within the Group's stated risk appetite, risk management frameworks and policies as well as the relevant regulations (e.g. CONC and DISP) and that risk management conforms to industry best practice.
* Strategic partner: Act as a strategic business partner to senior leaders in Motor Finance to effectively influence business behaviours and risk culture, helping Motor to grow safely and execute on its change agenda. Identify emerging risks and support the business to develop strategies to quantify, manage, and mitigate these. Oversight of incident management, root cause analysis and action plans.
* Leadership & Resilience: Lead, manage, develop and coach an established team of Risk & Control professionals to oversee risk management and deliver expertise to the rest of the Group.
* Risk Appetite: Support the 2LOD Risk Function to ensure that appropriate Financial & Non-Financial risk limits are set across the Motor business line to ensure that key risk metrics remains within the Board approved Risk Appetite constraints.
* Control: Implement and fully embed the Risk and Control self-assessment ("RCSA") across the Motor Finance business, ensuring these remain fit for purpose as the business line implements it's change agenda. Ensure control frameworks are risk appropriate and fit for purpose for Motor's specific risk profile and tailored for the general market and regulations in which the business operates (such as Consumer Duty), as well as ensuring compliance with all Consumer Credit Act (CCA) requirements.
* Insight and Analysis: Produce high quality insights into the quality, performance and concentration of the Motor Financial & Non-Financial Risk profile.
* Culture: Promote a culture of risk awareness across the business, encouraging strong collaborative working relationships with Audit and 2LOD Risk, supporting the management team with the embedding of risk and control governance.
* Stakeholder management: Engaging with external stakeholders such as regulators, credit rating and reference agencies on Motor Finance Risk Profile and strategy. Support management with the on-going review, development and embedding of the firm's risk policies, providing advice as required. Effective on-boarding, oversight and in-life monitoring of third part relationships.
* Governance: Member of the Motor SLT, the Motor Financial and Non-Financial Risk Forums and the Group Non-Financial Risk Forum.
External environment: Maintain effective scanning of the external regulatory risk and legal environment underpinning the consumer section to ensure trends are understood and learnings identified for the business. Leading on regulatory change transformation in response to the external market
About You:
* Strong understanding and experience of the UK Consumer Credit sector, including experience of products captured under the Consumer Credit Act (CCA).
* Balanced understanding of Financial and Non-Financial Risk.
* An understanding of UK regulators' and their expectations, with a focus on customer conduct, product management and product lifecycles. Ideally, this will include an appreciation of customer vulnerability and application of customer fair value principles. Previous experience of regulator engagement (ideally with the FCA and/or PRA) is preferred.
* Strong communicator with the ability to build and manage internal and external relationships across a wide stakeholder community, including ability to work effectively within the 3LoD and able to present well at a Senior Management and Board level and build fit for purpose governance pathways.
* Experience in implementing proportionate control frameworks that are balanced and fit for purpose for Motor's specific risk profile and tailored for the general market and regulations in which the business operates (such as Consumer Duty).
* Experienced in writing policies and procedures that are easy to understand and follow, aligned to Group Policies.
* Experience in incident and operational risk event management, root cause analysis and reporting.
* Preferably experience of regulator engagement (ideally with the FCA FOS & PRA) PRA, FOS and FCA) and industry body (FLA)
Join us and we'll make the same promises to you as a colleague, as we do to each of our customers. We're committed to building a working environment that values respect, diversity, and compassion. We welcome people regardless of age, disability, gender identity, marital status, race, faith or belief, sexual orientation, socioeconomic background, and whether you're pregnant or on family leave.
Please note that we have a thorough referencing process, which includes criminal record checks.
The Company
We're one of the largest lenders in the UK used car finance market. We've specialised in motor finance for over 40 years, and are recognised as one of the best car finance providers in the industry.
We're part of the Aldermore Group, which includes Aldermore Bank plc. Aldermore offers a range of personal and business finance and savings options.
Behaviour Framework
Our behavioural framework underpins our purpose and strategic drivers, as it outlines the behaviours we need to demonstrate in order to succeed. Where our strategic drivers (Stay Ahead Propositions, Relationships That Last and Progressive Platform) outline what we need to do to succeed, our behaviours guide us in how. In your second interview, we'll ask you to talk through some examples where you've demonstrated these behaviours in your previous roles.
Our behavioural framework underpins our purpose and strategic drivers, as it outlines the behaviours we need to demonstrate in order to succeed. Where our strategic drivers (Stay Ahead Propositions, Relationships That Last and Progressive Platform) outline what we need to do to succeed, our behaviours guide us in how. In your second interview, we'll ask you to talk through some examples where you've demonstrated these behaviours in your previous roles.
Our Benefits
Not only does MotoNovo Finance offer a competitive remuneration package, we also offer one of the best benefits packages in Wales. Inclusive of our healthcare cover, pension schemes, and our employee assistance programmes, we have also installed a staff bar, game machines, and a pool table.
When you choose to build your career with MotoNovo Finance, we choose to invest in you.
Click to see full list of benefits
* Hybrid Working
* Your Company Benefits Aviva Digital GP
* Bus And Tram Benefit
* Employee Assistance Programme
* Eyecare Voucher & Display Screens/Desk
* Set-Up
* Flu Jab Vouchers
* Group Income Protection
* Life Assurance
* Metrolink Annual Pass & Clipper Ticket
* Microsoft Discounts
* Private Medical Insurance Shopping Discounts
* Toothfairy
* Your Workplace Pension
* Benefits You Can Choose
* Critical Illness
* Cycle To Work
* Dental Insurance
* Give As You Earn
* Government Tax-Free Childcare Scheme
* Octopus Electric Vehicles
* Save Our Planet
* Season Ticket Loan
* Spouse Or Partner Life Assurance
* Technology
* Wearable Technology
* Wellbeing App
* Will Writing
Boost your career
Find thousands of job opportunities by signing up to eFinancialCareers today. #J-18808-Ljbffr