Head of Risk Oversight
- Type: Permanent
- Location: England - North West
- Industry: Financial Services - Banking
- Specialism: Risk Oversight
- Salary: Price on Application
- Date Posted: 31/03/2026
- Consultant: Jack Woodlock
We are working with one of the UK’s award winning Building Societies to help find them find a Deputy Chief Risk Officer. This person will lead the Society’s risk and assurance frameworks providing independent oversight of strategic, operational, and prudential risks. Regular deputising for the CRO makes this a great Opportunity for someone looking to build a platform for a CRO position of their own in the future. This is a hybrid working role with a pragmatic approach to working patterns, although any applicant would need to be able to able to attend the office in the North West of England for some days on a weekly basis
Role Description
- Lead and develop the Risk Oversight team and foster strong collaboration
- Lead second-line oversight of capital, liquidity, and funding risks (ICAAP, ILAAP, RRP, Solvent Exit)
- Provide independent challenge on stress testing, capital adequacy, and liquidity management
- Lead and continuously enhance the Enterprise Risk Management Framework (ERMF), ensuring it is proportionate and embedded across the Society
- Maintain oversight of the Risk Appetite Framework, aligned to strategy and Board-approved limits
- Ensure frameworks and policies align with PRA/FCA expectations, best practice, and strategic objectives
- Drive consistency in risk assessment, control evaluation, and reporting across all risk categories
- Support the CRO in maintaining strong governance, clear escalation, and line of sight from Board to business
- Provide leadership in the discharge of the Chief Risk Officers Data Protection Officer responsibilities
- Oversee Board and Committee risk reporting, ensuring clarity, insight, and forward-looking commentary
- Lead second-line oversight of strategy, change, and transformation programmes
- Challenge key business cases, plans, and delivery assurance
Role Requirements
- Strong leadership capability, with experience developing teams, fostering collaboration, and promoting constructive challenge
- Relevant professional risk qualification (e.g., IRM, FRM, PRMIA, ICA) desirable but not essential
- Relevant regulatory, prudential, or operational resilience certification desirable
- Significant second-line risk management or assurance experience within financial services, ideally within a building society, bank, or mutual
- Working knowledge of prudential and financial resilience principles, including capital, liquidity, stress testing, and recovery planning
- Proven ability to design and lead enterprise-wide frameworks, governance structures, and policy architectures
- Experience in overseeing a range of non-financial risks, including operational, conduct, compliance, technology/cyber, third-party and data
- Experience in risk oversight of change and transformation, including project assurance, oversight strategy, and portfolio risk aggregation
- Experience overseeing operational resilience, including critical services, impact tolerances, and incident response
- Proven ability to influence senior stakeholders, including ExCo, Board Committees, and external regulators