Manager, Operational Risk Capital

Operational Risk Capital Manager

£67,000 to £81,900pa plus an extensive benefits package.

Location:

Edinburgh, Bristol or Leeds.

Hours:

Full-time.

Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites. Colleagues with disabilities can be supported with workplace adjustments including hybrid working expectations in line with our Flexibility Works policy.

As a manager with responsibility for our Operational Risk Capital processes, you will play a key role in managing the end‑to‑end process for IP&I. You will be responsible for coordinating capital inputs, supporting robust governance and oversight, and ensuring the process is delivered accurately and in line with the Solvency II requirements. This role demands strong leadership, cross‑functional coordination, analytical capability, and the ability to influence senior stakeholders.

• Managing the operational risk capital process for IP&I, ensuring timelines, governance and deliverables are met.
• Ensuring the capital process is delivered in line with requirements, internal policy and relevant governance standards.
• Coordinating risk, control and loss data inputs in partnership with Risk Owners, Control Owners and Finance to support capital analysis and reporting.
• Providing analysis, challenge and insight on capital drivers, trends and movements to support effective senior management decision‑making.
• Preparing and coordinating papers, reporting and governance materials to support review and approval of capital outcomes.
• Acting as a key point of contact for stakeholders across IP&I, Group functions and second line Risk on operational risk capital matters.

• Experience in risk management and controls at managerial level.
• An understanding of capital risk framework and model approaches, including Solvency II requirements.
• Strong understanding of ERMF and operational risk frameworks.
• Excellent stakeholder management and communication skills.

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long‑term health or neurodivergent condition through the Disability Confident Scheme.

Ready to make an impact? Apply today.