Risk Oversight Manager

Risk Oversight Manager

Department: [SBSS] Group Risk

Employment Type: Permanent
- Full Time

Location: Newcastle

Compensation: Competitive package

Reporting to the Head of Risk, the Risk Oversight Manager plays a key role in providing independent second-line oversight across the business and supporting the ongoing development and embedding of the Enterprise Risk Management Framework (ERMF).

Working closely with stakeholders across Somerset Bridge Group (SBG), the role is responsible for providing guidance, support, and constructive challenge to ensure key risks are effectively identified, assessed, monitored, managed, and reported. The Risk Oversight Manager will help promote a strong risk culture, support effective decision-making, and ensure risk management practices are embedded across the organisation.

• Support the implementation and continuous improvement of SBG's Risk Management Framework, providing advice and guidance on risk management requirements.
• Partner with the business to identify, assess, and document key, emerging, and horizon risks.
• Provide constructive challenge to risk assessments, ensuring an accurate understanding of the organisation’s risk exposure.
• Monitor key risk exposures through trend analysis, risk indicators, assurance activities, horizon scanning, and issue management.
• Support the development of effective and proportionate controls, actions, and risk mitigation strategies.
• Produce high-quality risk reporting and governance papers, ensuring key risks are appropriately escalated and communicated.
• Conduct risk oversight reviews, identifying areas for improvement and recommending enhancements to risk and control processes.
• Collaborate with stakeholders across the business to proactively manage priorities and drive effective risk management outcomes.

• Demonstrable experience in risk management, risk oversight, audit, compliance, or risk framework delivery.
• Proven ability to build effective relationships and influence senior stakeholders across the business.
• Excellent written and verbal communication skills, with the ability to present clear analysis, convey complex information, and deliver training or coaching.
• Strong organisational skills, with the ability to manage competing priorities and deliver high-quality outcomes.
• Collaborative approach with excellent interpersonal skills and the ability to work effectively across teams.
• High attention to detail, ensuring accurate documentation and adherence to governance standards.
• Self-motivated and able to work independently, using initiative to manage workload and priorities.
• Experience with in Financial Services and/or the Insurance industry (desirable).

• Hybrid working – 2 days in the office and 3 days working from home
• 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
• Discretionary annual bonus
• Pension scheme – 5% employee, 6% employer
• Flexible working – we will always consider applications for those who require less than the advertised hours
• Flexi-time
• Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
• Electric vehicle – salary sacrifice scheme
• 100’s of exclusive retailer discounts
• Professional wellbeing, health & fitness app
  - Wrkit
• Enhanced parental leave, including time off for IVF appointments
• Religious bank holidays – if you don't celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
• Life Assurance - 4 times your salary
• 25% Car Insurance Discount
• 20% Travel Insurance Discount
• Cycle to Work Scheme
• Employee Referral Scheme
• Community support day