Chief Risk Officer
Who are We
Working for Progressive offers you the opportunity to be part of a leading home-grown organisation with a proud reputation for customer service excellence.
With our personal and caring approach, we have been helping generations of local people to save and become homeowners. Supported by a strong high street presence and ambitious growth plans, our vision is to be the savings and mortgage provider of choice in Northern Ireland.
As a nurturing employer, we believe in supporting staff to bring their whole self to work in an inclusive environment where diverse needs are recognised and respected.
The role is based in our Head Office in Belfast with a minimum of 2 days in the office.
About the role
We are seeking to appoint an experienced individual who will lead the Society’s Risk & Compliance function with responsibility for day to day risk management in line with the Risk Management Framework and Regulatory expectations.
Reporting to the Chief Executive, you will bring a developed understanding of strategic risk within a financial services firm and the ability to provide risk leadership across multi-disciplinary teams. With a finance background, you will already be performing as a senior staff member within the Risk & Compliance field. Ideally, you will have Board level exposure and experience of managing a broad risk portfolio. The role sits on the Senior Management Committee.
What success looks like
You will deliver a risk management strategy within the parameters set down by the Society and the Board Risk Committee that ensures continued sustainability and supports the longer-term needs of our Members.
You will have the authority and credibility to influence decisions at senior strategic and Board level in the best interests of the Society and its Members.
You will lead with empathy and demonstrate the desired conduct that promotes a member centric, regulatory compliant culture within the Society’s risk appetite framework.
You will lead through change and positively engage to ensure that risk and compliance requirements are integral to change management programs.
You will be comfortable dealing with a degree of uncertainty and working through new situations with unknown outcomes to provide clarity of direction.
What you will be doing
In this critical role, you will have responsibility for overseeing the second line of defence within the Society’s Risk Management Framework and providing leadership to a small team of Risk and Compliance specialists.
Key responsibilities include:
Contributing to the overall strategic direction of the Society within a highly regulated environment.
Providing strategic risk management leadership encompassing all aspects of risk across the Society including stress testing, operational resilience and recovery and resolution.
Identifying, analysing and reporting on internal and external risks, ensuing that emerging risks are identified and assessed on a timely basis (forward looking focus).
Considering the risks and controls contained in the Society’s Risk Registers.
Providing leadership, ensuring the best utilisation of risk resources to deliver an effective and efficient risk management framework.
Developing strong relationships based on trust and credibility with the FCA and PRA Regulators, colleagues, Board and other relevant parties.
Monitoring and reporting on the effectiveness of the risk management strategy and framework to appropriate Committees.
Key Criteria
Qualified Accountant or degree qualified with commensurate finance experience.
5+ years’ similar up-to-date or current experience within financial services.
Experience and knowledge of ICAAP and ILAAP.
Capable of achieving Regulatory approval.
Key Skills
Demonstrable ability to interpret and provide guidance on complex risk matters at all levels.
Strong and practical leader with ability to provide sound strategic direction for a coordinated risk management approach.
Desirable
Experience of managing FCA/PRA relationship and providing interpretation of regulatory requirements.
Board level exposure.
What’s on offer
Competitive Salary
Hybrid Working model
Annual KPI Bonus Scheme
Excellent pension with up to 20% employer pension contribution
Life Assurance Scheme
Group Income Protection
Health cash plan with money back on dental, optical costs etc.
BUPA membership
Generous holidays – 25 days plus up to 12 Bank Holidays
Day off for your birthday
Holiday purchase scheme
Car Allowance
Opportunity to gain exposure in a supportive environment
Excellent training and volunteering opportunities
Wellbeing initiatives
What you will need
Required criteria
- Qualified Accountant or degree qualified with commensurate finance experience
- 5+ years' similar up-to-date or current experience within financial services
- Experience and knowledge of ICAAP and ILAAP
- Capable of achieving Regulatory approval
Desired criteria
- Experience of managing FCA/PRA relationship and providing interpretation of regulatory requirements
- Board level exposure
Professional skills you’ll need for this job opportunity
Crisis Management
Liability Risks
Managing Risk
Progressive Building Society
Careers at Progressive We know that looking for a career means so much more than just finding a job. At Progressive, we want to help you find your happy place to work. We firmly believe in encouraging our employees to achieve the right balance between their work and personal lives, delivering access to and promoting family-friendly policies. This not only increases employee satisfaction but also enables Progressive to meet the needs of our Members and supports the Society in being positioned as one of the most successful financial institutions in Northern Ireland.
To work for Progressive is to be part of something special. We strive to nurture and develop our employees in the evolving and fast paced financial services industry. Outlined below are a list of the reasons why we feel Progressive is a great place to work: We aim to provide an inclusive and respectful working environment, where everyone recognises the importance and impact of teamwork. We celebrate staff diversity and work hard to ensure that our staff members feel valued as individuals and respected for their contribution to our success. We offer opportunities for our staff to work at the heart of our communities and make real differences to our Members’ lives. We do not subscribe to a long-hours culture, instead valuing family life and supporting our staff to balance work and family commitments.
Our benefits
We offer our staff competitive employment conditions and a range of benefits designed to achieve high levels of staff engagement and job satisfaction. We understand that by taking steps to positively enhance the well-being of our staff, we can help them to achieve their goals and boost their motivation to deliver the best possible outcomes for our members.
Health insurance
Vacation, Paid time off
Performance bonuses
Paid sick days
Retirement plan and/or pension
Employee development programs
Tuition reimbursement
Open office
Competitive salary
Life insurance
Long service recognition
Employee Assistance Scheme
Wellbeing Scheme
Work With Charities
Social Opportunities
Annual Rise
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