Risk and Assurance Manager (Maternity Cover)

Looking for a new challenge?

Take a look at our current vacancies. If you see a vacancy that is right for you, we encourage you to apply!

Risk and Assurance Manager

Contract:   fixed term contract   until   January   2028   (maternity   cover)

Working hours:   35 hours per week is full time. Where possible, we are open to considering part time/flexible working patterns. Please let us know in your application your desired working pattern.

Salary:   circa £70,000

Location:   London Docklands / Hybrid

Reporting to:   Head of Risk and Assurance

By joining our team,   you'll   enjoy the best of both worlds – hybrid working and the collaboration of a great office   environment ,   a s   well as e xtensive opportunities for personal and career development .   Our   permanent hybrid policy sees us all working at least four days across a fortnight in the office.

Join our community –   LinkedIn Community

About Us:

The Financial Ombudsman Service is an independent, not-for-profit organisation that plays a vital role in UK financial services. Every day we help resolve disputes between consumers, or small businesses, and their financial service providers.

This role supports the Head of Risk and Assurance in strengthening the organisation’s risk management and assurance frameworks, ensuring effective governance and informed decision-making during change. It partners with senior leaders to embed a strong risk culture, oversee risk reporting and assurance activities, develop risk appetite measures and key risk indicators, lead reviews and investigations, and drive continuous improvement in risk capability, controls, and governance processes while managing and developing the risk and assurance team.

This is an exciting   period within the risk team   as   we are making   big strides   forward in how we support the organisation. At the start of this year we launched our new risk management tool , provided by   Corestream ,   which   is enabling significant improvements in our risk management practice and culture. In addition ,   this year we have been taking forward a major project to   enhance our approach to risk appetite, with   high levels   of engagement from our wider SLT. The role will   provide   a   great   opportunity   to build on these developments to   further strengthen our organisational approach to risk management.

What   You’ll   Do:

- Support the Head of Risk and Assurance in overseeing team delivery and ensuring risk and assurance activities are delivered to plan.

- Lead the development and continuous improvement of risk management,   assurance   and control frameworks across the   organisation .

- Partner with stakeholders to   identify , assess and manage risks,   providing   expert advice,   challenge   and guidance.

- Produce high-quality risk and assurance reporting for senior leaders, Executive   Committees   and governance forums.

- Conduct risk reviews and deep dives to evaluate risk exposure, control   effectiveness   and alignment with risk appetite.

- Work closely with Internal Audit and business leaders to strengthen governance, risk   management   and assurance arrangements.

- Lead and support investigations, reviews and lessons learned activities, including whistleblowing and control-related matters.

- Coach and develop team members, ensuring they have the skills, training and support needed to deliver excellent outcomes.

To be considered for this role,   you’ll   need to show us that   you’ve   got the skills and capabilities.   You’ll   have to meet the following   minimum   criteria:

Minimum   Criteria   –

- Professional   qualification   in Risk Management, Governance or Assurance ( e.g.   IRM) or equivalent demonstrable experience.

- Demonstrable experience applying risk management   frameworks   and   assurance   models   ( such as ISO 31000, COSO ERM   and   the Three Lines Model ) .

- Experience producing and presenting risk and assurance reports for senior leadership,   Boards   or governance committees.

- Strong knowledge of risk management principles, including risk appetite, key risk indicators (KRIs )   and   control assurance.

- Knowledge of the UK Corporate Governance Code, HMT Orange   Book   and control self-assessment methodologies.

What   you’ll   bring?

- Strong relationship-building skills with the ability to influence and challenge stakeholders at all levels.

- Experience managing and developing team members through coaching, mentoring and performance support , with a commitment to developing others .

- Excellent communication skills, with the ability to explain complex risk concepts in a clear and engaging way.

- Proactive and collaborative approach, with the ability to work effectively across teams and functions.

- Analytical and solution-focused mindset, with strong judgement and decision-making skills.

- Strong delivery focus,   and ability to manage multiple deliverables with different stakeholders efficiently and effectively.

Why You'll Love Working   With   Us:

We are a   values   led organisation. Our values define our culture, influence our decisions, and underpin our vision and strategy .    They set out how we play our PART through Purpose, Ambition, Respect and Trust. You can learn more about our values here:   https://www.financial-ombudsman.org.uk/who-we-are/aims-values

- Wellbeing : [Health plan, gym memberships, mental health support]

- Growth : We invest in your future with [courses, mentorship, promotions]

- Culture : Diverse. Inclusive. Collaborative. Fun.

We also offer an attractive, competitive salary and flexible benefits to suit our people.   Here’s   a list of some of the many benefits and perks you can get for working with us:

- 25 days holiday entitlement, with the   option   to buy extra or sell days

- Generous pension

- Various Family Friendly Policies, including enhanced maternity pay, carers and dependants leave

- Employer provided benefits such as Private medical insurance, virtual GP, Critical illness cover, Life assurance cover, to name a few

- Choice of voluntary benefits including Technology scheme, Cycle to work scheme, Will-writing service amongst others

- G ym membership discounts, and a fully equipped on-site gym open 24/7 in London   only

Let’s   Make This Easy.

Apply in   a few   minutes   with a copy of you CV

Applications need to be   submitted   by   23:59   on   Sunday 27 September 2026

Longlisted candidates will be invited to complete an online assessment   which will   be sent out on 30   September   2026

Shortlisted candidates will be interview ed   w/c 5 th   October via Microsoft Teams

Due to high application numbers this advert may end earlier than the date specified, so please   don't   delay and apply now!

A full job profile is available on request and will be provided to candidates shortlisted to the first stage of the assessment process.

The Financial Ombudsman is an Equal Opportunity Employer.

We celebrate diversity and are committed to creating an inclusive environment for all team   We view diversity as fundamental to our success and welcome applications from underrepresented groups across all communities. Please click on the link below to find out more

https://www.financial-ombudsman.org.uk/who-we-are/aims-values/diversity-inclusion

We are proud to be a Disability Confident Leader and, under the scheme, will progress a fair and proportionate number of disabled applicants who meet the   minimum   criteria for the role to interview. Interviews may be conducted via video, telephone, or a panel Interview, with some vacancies requiring an online assessment to measure the   minimum   criteria.

Don’t   miss out be part of the journey and take advantage of this opportunity .

Authenticity of applications

We value authentic personal applications. If we   determine   that your CV or supporting statement was generated using AI tools, your application may be withdrawn from consideration.