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As a financial services provider, managing risk is a core part of our day-to-day activities. To be able to manage our business effectively, it is critical that we understand and control risk in everything we do. 


The growing complexity and importance of the financial services industry demands a strong risk culture that can effectively manage and control a diverse range of risks facing the bank, its shareholders, its employees, and its customers.

What do we do in the Risk function

The Risk function is responsible for the control and oversight of several risk types to ensure that they are effectively managed across the bank. It’s the Risk function responsibility to ensure that Risk Management roles and responsibilities are clearly defined and that a strong risk culture is embedded across the business.

Risks types include Credit, Non Traded Market, Traded Market, Liquidity, Capital, Pension, Conduct & Regulatory, Operational, Financial Crime, Legal, Strategic and Business, Reputational and Model Risk.

The Risk function has a range of roles from Analysts, Managers, Senior Manager to Heads of Business which span across the following business areas.

Credit Risk (Personal, Business and Corporate)
Instrumental in supporting customers’ financing requirements across a range of business segments (Personal, Business and Corporate) and products such as mortgages, unsecured loans, overdrafts and credit cards for our personal customers through to Trade and Invoice Finance for our Corporate & Commercial clients.  Credit Risk responsibilities extend to both the initial assessment and approval of lending applications and the ongoing management of those facilities, ensuring appropriate actions are taken where necessary to deliver the best possible outcomes for all stakeholders and to meet our regulatory commitments.  Additionally, Credit Risk are responsible for developing and maintaining appropriate credit policies.

Treasury Risk & Analytics
Responsible for second line oversight and challenge of financial risks such as Market & Liquidity and Counterpart Credit Risk, development of the bank’s risk models, and credit loss projections. Also, responsible for producing, analysing and reporting the results in relation to regulatory exercises such as stress tests for the regulators.

Enterprise Risk
Oversight and challenge across the whole suite of risks the bank is exposed to with responsibility for Risk Frameworks, Risk Appetite & Stress Testing, Governance & Control, Risk Attestations, Emerging Risks and Climate Change Risk. Enterprise Risk also includes the Model Risk & Control function responsible for 'oversight and independent reviews’, aiming to improve the quality of automated processes and associated decisions.

Operational Risk
Monitoring and reporting of firm wide operational risk profile and responsible for defining, directing and embedding effective operational risk management practices across all levels of the organisation. Including deep involvement in change oversight & bank’s Transformation agenda, Operational Resilience programme, Cyber & IT, Events & Losses Framework, Crisis & Emergency Response, Corporate Insurance, Business Risk Management and 3rd Party Supplier Risk.

Risk Chief Operating Office
Responsible for ensuring the Risk function operates in an effective and efficient manner. Key responsibilities include the development and realisation of the Risk function’s strategy and target operating model, management of the Risk function’s budget, together with overall shaping, coordination and delivery of Risk’s change agenda. The team works across the Risk leadership team and with colleagues across the Bank and wider Group.