Operational Risk Senior Manager - Financial Risk

Job Description

Job Type: Permanent

Location:

This role could be based in either our Edinburgh, London or Birmingham offices with time spent working in the office and at home.

Flexible working:
All of our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about Phoenix Flex here.

Closing Date: 3.3.2026

Salary and benefits: £71,500-£84,000 dependant upon experience, plus an indicative bonus range of 30% - 60%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

We want to be the best place that any of our 6,600 colleagues have ever worked.

We’re Phoenix Group, we’re a long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, Sun Life, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

This is a second line risk partner role in the Non Financial Risk Function, providing independent insight and challenge to enable high quality outcomes, with business partner alignment primarily to the Corporate Functions, namely Finance. The role holder will support the implementation and oversight of the Risk Management Framework and partner with the Senior business stakeholders.

Working with the aligned Head of Operational Risk Oversight, you will drive the implementation of an effective Risk Management Framework for the Group to identify, measure, monitor, manage and report on the risks to which the Group and its customers are exposed.

• Business Partnering role within Pensions, Savings and Functions Operational Risk Oversight team, and primarily to Finance.
• Provide advice, guidance and proportionate and constructive challenge to the business on Risk and Control Management Framework (Risks and Control Environment, Policies, Risk Reporting and wider elements including Risk Appetite and KRIs).
• Provide independent risk oversight and opinion. Promote effective challenge and ensuring that independent risk opinions are provided to Business stakeholders or appropriate decision making body on views of the risk profile.
• Build relationships and effectively collaborate with key stakeholders to drive positive risk outcomes and gain buy-in on risk management initiatives.
• Promote strong risk culture in which the Risk and Controls Frameworks are valued and embedded, the identification and management of risks and key controls to customers is central to decision making and key judgements and assumptions are transparent.
• Ability to navigate ambiguous situations, drive decision making, manage change, and learn quickly in a multifaceted business environment.

• Experience working with Finance and Financial Controls (e.g. SOX / ICFR) would be beneficial
• Understanding of GAAP, IFRS, and regulatory standards, and supports strategic decision-making through insightful financial analysis.
• Proactively initiating and delivering impactful pieces of risk work.
• Maintaining effective cross-functional networks and engagement.
• Acts as deputy to the Head of Operational Risk when required.
• Operates independently across complex, concurrent risk activities.

We want to hire the whole version of you.

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.

If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.

Please note that we reserve the right to remove adverts earlier than the advertised closing date. We encourage you to apply at the earliest opportunity.

• Guide for Candidates:
• Find or get answers from our colleagues: