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Risk Manager

Job in Bedford, Bedfordshire, MK40, England, UK
Listing for: The Money and Pensions Service
Full Time position
Listed on 2026-03-03
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst, Financial Compliance
  • Management
    Risk Manager/Analyst
Salary/Wage Range or Industry Benchmark: 60000 - 80000 GBP Yearly GBP 60000.00 80000.00 YEAR
Job Description & How to Apply Below

Role Overview

The Risk Manager supports the effective management of operational and change risks across the organisation. Reporting to the Risk Lead, the role provides day‑to‑day guidance, quality assurance and coordination. The postholder may also hold line management responsibility for Risk Officers, depending on team structure. The role ensures consistent application of MaPS’ risk framework and contributes to embedding a positive risk culture.

The postholder may work in either the Operational Risk or Change Risk function.

Hybrid Working

We work on a hybrid basis with a minimum of 2 days in the office per month. Hybrid working is a voluntary, non-contractual arrangement. Our headquarters in Bedford will be your contractual place of work.

Responsibilities
  • Support risk owners to identify, assess and manage operational, programme, project and strategic risks.
  • Lead regular reviews of risk registers and ensure high-quality, timely updates.
  • Monitor internal audit recommendations and validate completion evidence.
  • Coordinate incident, audit and risk data to produce clear thematic insights.
  • Promote best practice in risk management and support risk champions.
  • Deliver and support risk workshops and provide guidance to colleagues.
  • Provide day-to-day supervision, coaching and quality assurance for Risk Officers.
  • Produce clear, concise reporting for management and governance forums.
  • Contribute to Business Continuity activity where required.
  • Deputise for the Risk Lead when appropriate.
Interview Process

Step 1:
Telephone interview with a recruiter to discuss experience, learn more about the role and ask questions.

Step 2:
Final stage interview (planned for W/c 23/03/2026) at the Bedford Office, including a presentation/task and competency-based interview questions.

Qualifications
  • Experience in first or second line risk management.
  • Ability to facilitate risk reviews and support risk owners constructively.
  • Strong analytical skills, with experience interpreting and reporting risk and audit data.
  • Good understanding of operational and/or change risk.
  • Strong communication and stakeholder engagement skills.
  • High proficiency with MS Office.
  • Experience producing clear, concise reports for senior audiences.
  • Recent line management or supervisory experience.
Desirable
  • Experience in a public sector or regulated environment.
  • Experience working with risk management systems or SharePoint-based tools.
  • Experience developing or delivering training materials.
  • Understanding of Business Continuity processes.
Personal Attributes
  • Clear, confident communicator able to simplify complex information.
  • Organised, with strong attention to detail.
  • Constructive, collaborative and supportive in how they work.
  • Proactive, resilient and committed to continuous improvement.
Our Values
  • Caring – We care about our colleagues and the people whose lives we are here to transform.
  • Connecting – We transform lives through our ability to make positive connections.
  • Transforming – We are committed to transforming lives and making a positive societal impact.
Inclusive Working Environment

We foster an inclusive working environment that embraces diversity and promotes equity and belonging. Our colleague and ally networks encompass LGBTQ+, neurodiversity, women’s health, men’s health, ethnicity and other backgrounds.

What We Offer
  • Generous annual leave – 30 days plus bank holidays
  • Pension scheme – employer contributions matched 2 to 1 (up to 10% of salary)
  • Interest-free loan for season tickets for buses and trains
  • Cycle to work scheme
  • Subsidised eye tests & flu jabs
  • Life assurance scheme
  • Give as you earn scheme
  • Employee assistance programme (EAP)
  • PAM Assist and PAM Life scheme (wellbeing)
  • Enhanced family and sick pay
  • Paid volunteering (2 days a year)
  • Recognition scheme
  • Discounts portal to numerous retailers
EEO Statement

We follow fair, open, and merit-based recruitment in line with the Civil Service Commission’s Recruitment Principles.

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