Payment Risk Manager - Location: Manchester
Role Focus
On behalf of our Customer, Map Room is seeking experienced and dynamic Payment Risk Managers. The successful candidate will oversee the identification, assessment, and mitigation of risks associated with payment processes across the bank. This role ensures that payment operations comply with regulatory requirements and internal risk frameworks while implementing robust fraud prevention measures. The Payment Risk Manager will lead a team, develop risk strategies, and collaborate with stakeholders to maintain the security and integrity of the bank’s payment systems and processes.
Role responsibilities.
- Manage the mobilisation and realisation of various Payment Risk optimisation initiatives, including the Target Operating Model, risk reporting, process improvement, and business planning.
- Support the effective setup and ongoing management of the Payment Risk Change Forum.
- Liaise with colleagues across Payments, Risk, and the wider group to ensure effective delivery.
- Develop key stakeholder messaging for entities such as the Executive Risk Committee (ERC), Banking Risk Committee (BRC), and Risk Senior Leadership Team (SLT).
- Engage with third parties, such as consulting firms, to ensure the client stays aligned with the latest industry thinking in risk management.
- Develop proposals to enhance risk effectiveness and efficiency.
- Support colleagues across a wide range of activities.
This is a second-line role reporting to the Head of Payments, assisting them with various risk function plans, initiatives, and priorities.
Requirement for suitability.
- Strong knowledge of UK and international payment schemes and regulations.
- High attention to detail and a proactive approach to resolving payment issues.
- Strong communication and interpersonal skills with a customer-first mindset.
- Familiarity with payment processing systems and digital banking platforms.
- Extensive experience in payment risk management, fraud prevention, or financial crime within banking or financial services.
- Strong understanding of UK banking regulations, including FCA, PSD2, AML, and financial crime compliance.
- Experience managing risk frameworks for payment systems such as CHAPS, Bacs, Faster Payments, SWIFT, and Open Banking.
- Proficiency in data analytics and risk assessment tools.
- Strong leadership and stakeholder management skills.
- Ability to work under pressure and adapt to evolving threats in the payment landscape.
Risk Responsibilities
*Payment Risk Strategy & Oversight:
- Develop and implement payment risk management frameworks and policies.
- Identify emerging risks in payment channels, including Faster Payments, CHAPS, Bacs, SWIFT, and Open Banking.
- Ensure compliance with regulatory requirements such as FCA, PSD2, AML, and Payment Services Regulations
*Fraud Prevention & Financial Crime Risk Management:
- Oversee fraud detection and prevention measures across all payment channels.
- Collaborate with fraud and financial crime teams to mitigate payment-related risks.
- Lead investigations into high-risk transactions and support regulatory reporting.
*Regulatory Compliance & Governance:*
- Ensure adherence to UK and international regulations governing payments and financial crime.
- Support the implementation of robust security measures.
- Liaise with regulators, auditors, and industry bodies on payment risk matters.
*Stakeholder Engagement & Collaboration:*
- Work closely with IT, Operations, Compliance, and Financial Crime teams to improve payment security.
- Act as a key contact for external partners, payment providers, and regulators on risk-related issues.
- Provide training and guidance to teams on payment risk policies and best practices.
*Monitoring, Reporting & Continuous Improvement:
- Develop risk dashboards and provide regular reports to senior management.
- Monitor key risk indicators (KRIs) and key performance indicators (KPIs) for payment security.
- Continuously review and enhance risk controls and mitigation strategies to enhance risk controls and mitigation strategies.
To express your interest, please follow the link to apply and submit your CV.