Overview
Join to apply for the SCUK Risk Controller - Motor Finance role at Santander Consumer (UK) plc.
Country: United Kingdom. Santander Consumer Finance UK (SCUK) is based in Redhill, Surrey and provides motor finance to a network of car dealerships throughout the United Kingdom.
This role is hybrid with at least 3 days a week in the Redhill office. Remote workers will not be considered.
We are looking for a Risk Controller to be under the executive responsibility of the CEO but to be responsible to the CRO for the control and management of various risk types in accordance with the 2 Lines of Defence (2 LoD) framework. In addition, you may deputise for the CRO to oversee and manage risks, ensuring alignment with the Santander Consumer (UK) Plc risk appetite statement (RAS) level approved by the Board, enabling an integrated view of risks identified in the risk framework and map.
Please note this role is a hybrid role with at least 3 days a week in the Redhill office. Remote workers will not be considered.
Responsibilities
* Lead a team of circa 8 to be responsible for the 2 LoD.
* Lead the team to be high performing and drive culture in line with the company values.
* Provide leadership in the Group’s mutual success in accordance with SCUK risk policies and UK regulation.
* Promote a strong risk culture and awareness at the entity covering all risk types including laws, regulations, and industry trends affecting the area.
* Ensure the adequacy and robustness of systems, processes and instruments required by the risk function; ensure the quality and integrity of information used in risk-related activities.
* Maintain access to all lines of business and legal entities that could generate risks; identify emerging risks, risk concentrations, and other patterns requiring attention under the RAS and Risk frameworks.
* Monitor risk appetite and risk policies to ensure consistency with the business plan and Board risk profile.
* Lead SCUK’s Climate Risk work with Group and SanUK, ensuring Target Operating Models and reporting requirements are adhered to and governed appropriately.
* Identify, measure, and control material risks in the short and medium term; support consumer duty compliance and ‘Treating Customers Fairly’ principles.
* Model Risk ownership: independently validate material models and methodologies; oversee model risk management.
* Oversee Market Risk, Capital Risk, and oversight of related reporting, governance, and regulatory interactions.
* Lead monthly credit risk reporting, including risk budget, limits, forecast, and month-end actuals for management and regulatory purposes.
* Coordinate with local risk organizations, controlling, finance and HQ to align reporting needs and results.
* Set and monitor medium- and long-term portfolio credit risk objectives in cooperation with business units.
* Coach and develop team members, promote risk awareness, and manage budgets (forecasting and actuals).
* Ensure business units manage risk in line with risk frameworks, appetite, triggers and thresholds, policies and controls.
* Lead regulatory stress testing and scenario analysis to inform resilience and risk appetite alignment; oversee PRA Annual Cyclical Scenario Stress Test and ICAAP scenarios.
* Measure and monitor risk exposures and generate management information for CRO, senior management and committees.
* Escalate and remediate identified risks in line with risk policies and regulatory guidelines; maintain MI and risk KPI reporting.
* Chair monthly Provisions Sub-Committee and escalate material issues to the Executive Risk Committee.
* Commitment to Consumer Duty and higher standards of customer protection.
What we’re looking for
* Previous experience as a Risk Controller in a Financial Services company, ideally Motor Finance.
* Strong expertise in risk management within the area of responsibility (Risk Control, Model Risk, Market Risk, EWR).
* Ability to identify, assess, manage and report risks across Santander UK and Santander Group.
* Promotes risk awareness and embeds risk culture; shapes risk frameworks and policies using external benchmarking.
* Strategic view of data management and its impact on organisational performance; understanding of auto business strategy.
* Proven ability to lead and coach a high-performing team; experience managing budgets (forecasting and actuals).
* Analytical capability to interpret data, identify trends, and present conclusions to senior management.
* Proficiency in Excel/VBA; SQL/SAS/SPSS/Business Objects/R/Matlab is advantageous.
* Regulatory knowledge related to CRR/CRD IV, IRB credit risk principles; IFRS9 provisions; stress testing models.
* Understanding of consumer finance products and credit cycles; awareness of Treating Customers Fairly principles.
Benefits
* Competitive salary of £110-120k dependent on experience.
* 30 days holiday per annum plus bank holidays.
* Annual bonus based on personal and company performance.
* Car allowance; private medical cover; generous pension contributions.
* Employee assistance programme; Sharesave scheme; gym discounts.
Inclusion and next steps
At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We celebrate diversity and uphold values of Simple, Personal, and Fair. Santander Consumer Finance has a zero-tolerance policy for discrimination, bullying, harassment (including sexual) or victimisation of any kind.
If you want to be considered for part-time hours, please let us know and we can assess your requirements.
What are the next steps: If you are interested in this role, click apply to submit your CV and covering letter.
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