Risk & Controls Oversight Senior Lead - AI & Data Risk

Overview

As a Risk & Controls Oversight Senior Lead – AI & Data Risk you’ll be responsible for providing expert oversight on AI and Data Risk. You’ll play a critical role in ensuring our risk management practices are robust, effective, and always in compliance with risk and control management frameworks. You’ll also act as a key bridge between the Customer & Digital Team, Chief Operating Office (CCO), second and third-line risk partners, and other stakeholders.

In this role, you’ll develop and assess risk appetite, lead conversations on risk acceptance, ensure controls are designed and assessed properly, resolving any gaps and improving the control environment. You’ll also ensure ongoing monitoring of controls to keep the business audit ready, embed active risk management culture, assessing new business activities and leveraging tools KRIs and risk dashboards.

You’ll stay on top of market trends and emerging risks, driving continuous education based on internal and external themes and lessons learnt. You  be responsible for ensuring compliance with relevant laws and regulations, preparing and enhancing governance papers and reports. Additionally, you’ll identify opportunities for data led controls monitoring and automation of controls. You’ll ensure compliance with RCSA, Issue management and Risk events management process in line with Operational Risk framework.

To be successful as a Risk and Controls Oversight Senior Lead – AI and Data Risk you should have experience with:

• Good understanding of Retail Banking Customer Journeys to identify and manage associated risks and controls
• In-depth expertise in Data and Records Management, including knowledge of data architectures, data quality standards, and data retention/deletion practices
• Expertise in AI, with a focus on ethical principles, transparency and fairness assessments
• Ensure good Risk Assessment and governance across use AI case approval, validation, deployment and monitoring
• Up-to-date with the latest advancements in AI, including Generative AI, and the associated risks
• Proven experience in data analytics, data science, and driving automation and digitization within Risk Management processes
• Ability to balance risk management with business goals when defining Risk Appetite, and effectively influencing or negotiating with stakeholders on risk acceptance
• Be able to conduct active deep dives and Risk assessments for active Risk management
• Well-versed in market trends, competitor activities, and the broader risk environment, with the ability to use this knowledge to enhance internal controls
• Having gravitas and experience in influencing senior stakeholders including Managing Director level
• Ability to design and implement the Risk strategy in line with the Overall Vision of BUK Customer and Digital function
• Deep understanding of market trends, competitor activities, and the broader risk environment, using this knowledge to drive continuous improvements in internal controls
• Subject Matter Expertise and experience of delivering transformation and change in Risk management

• Self-motivated with the ability to work independently while contributing effectively within a team of risk specialists
• Ability to balance risk considerations with commercial objectives when defining Risk Appetite and influencing stakeholders on risk acceptance
• Capable of applying expertise in Data and AI risk within the context of Customer & Digital, ensuring tailored solutions for this area

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role can be based in either London or Northampton.

To assess the integrity and effectiveness of the banks internal control framework to support the mitigation of risk and protection of the banks operational, financial, and reputational risk.

• Knowledge of business areas, products, processes and platforms to be able to assess risk
• Collaboration with various stakeholders across the bank and…