Business Banking Controls Specialist

Business Unit: Business Control
Salary range: £44,800 - £56,000 DOE + Benefits
Location: UK Hybrid – London (2 days per week) or Glasgow
Contract type
:
Permanent Full time

Our Business Banking Control Team are here to enable safe and sustainable growth. We are committed to driving risk excellence and are passionate about proactive risk management in the first line of defence. We are starting an exciting journey to grow our team, and this brand-new role has been created to lead our team who support Controls management alongside our Business Banking colleagues.

As a Controls Specialist, you’ll be supporting the delivery of good customer outcomes by ensuring adherence to Credit and Economic Crime policies in a high performing, fast paced team.

• Plan and deliver quality assurance activity in line with the testing framework and schedule, ensuring scope and sampling align to testing scripts and evidence standards.
• Use data-led indicators (KIs) to support maintenance of the Business Banking risk profile, including assessing control effectiveness and contributing to residual risk ratings.
• Execute evidence-based QA and control testing across key Credit Risk and Economic Crime processes.
• Produce clear, timely reporting for key stakeholders reflecting testing outcomes, issues and risks, building productive working relationships with stakeholders at all levels.
• Identify material issues and monitor business delivery of agreed corrective action plans.
• Communicate assurance outcomes clearly and concisely, including the significance of findings and the improvements required.
• Work closely with the Relationship Management team and 1
  
  LOD Risk and Controls teams across the Group.

• Experience of Risk Frameworks and systems.
• Experience of controls assurance practices.
• Significant Financial Services Industry experience.
• Knowledge of Business Banking Risk with a focus on Credit & Economic Crime risk
• A passion for understanding customers and ensuring they are at the heart of everything we do

• Knowledge of VM or NBS risk management frameworks and policies and governance approach.

• 25 days holiday per year, increasing over time to 30. Plus, an option to buy more, giving you even more choice.
• Private medical insurance
• A highly competitive pension to help you build a strong foundation for retirement
• Access to an annual performance-related bonus
• Training and development to help you progress your career
• A great selection of additional benefits through our flexible benefits scheme
• Life assurance to provide peace of mind for you and your loved ones
• Up to 2 days of paid volunteering a year

If we’re lucky to receive a lot of interest, we may close the advert early. Please ensure to submit your applications as soon as possible.

Virgin Money is so much more than just a bank. As part of the Nationwide group,together we're the UK's first full-service mutual bank serving millions of retail and business customers and all driven by our purpose;
Banking but fairer, more rewarding and for the good of society. With us, you’ll be part of an organisation uniquely positioned to make a difference to the lives of customers, communities and broader society and embark on a collaborative, customer obsessed, and fun-filled career journey. Embrace the weekdays, enjoy fantastic perks, and make a meaningful positive difference. Time to discover what it means to be part of the first mutual full-service banking provider.

At Virgin Money, we celebrate everyone. We have fun, think big, and relentlessly include each other, all in pursuit of our purpose:
Banking – but fairer, more rewarding, and for the good of society.We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team

Please note:

If we receive a high volume of eligible applications, we may need to…