Data Risk Manager

In a nutshell

As the Data Risk Manager you’ll be accountable for leading and directing the quality of the ongoing Operational Risk management activities to identify Data related business risks. You’ll be required to ensure that these risks are fully and rigorously identified across Sainsbury’s Bank (SB) & Argos Financial Services (AFS) and assessed via the Process Risk and Control Assessment (PRCA) methodology, and managed and reported in line with the SBAFS risk management framework and risk appetite.  The role will follow a business partner model but with a specific focus on the identification of risks associated with Data Quality, Integrity and management; responsible for supporting, and challenging, the Chief Risk Officer, and the Data Governance function’s, management of Data, to ensure they are robustly controlled to mitigate any impact from internal or external vulnerabilities. You’ll also be responsible for supporting the wider Operational Risk & Resilience function in the management of the business response to Risk Events and executing a robust control testing framework whilst acting as an interface with the Chief Risk Officer’s Data Governance function.

The base location for this role will be Lochside – Edinburgh, with you being required onsite a minimum of 1-2 days per week.

What you’ll be doing

  • Responsible for the delivery of the portfolio of Process Risk and Control Assessments delivery across the Divisions’ with a lens on associated risks around Data Quality, Integrity and management

  • Responsible for inherent and residual risk assessments for all PRCAs within this scope and also for the design of key controls for inherent risks outside of appetite

  • Working directly with Divisional senior management and key SMEs across SB & AFS to ensure a fit for purpose and compliant control system is implemented in relation to the management of data for key processes across the organisation

  • Proactively identify improvements to the control system across the organisation by researching best practise from across the sector

  • Support the Head of Top Risk Management with the completion of PRCA activity on the end to end processes to enhance cross-functional understanding of data related risks and collaboration. Help to drive out control system synergies between SB & AFS and compliment integration activity whilst strengthening the data control environment

  • Responsible for collaborating with the Information Security, central Data management teams, and the Divisions, to ensure that PRCA methodology incorporates an assessment on data related risks for all business processes and change initiatives. Ensure treatment plans for process and control fixing activity are created to return residual risk to within appetite and that ExCo members and Senior Management are supported with the timely completion with all associated activity including management through governance.

  • Provide proactive guidance and support to the management and senior management within the Central teams and Divisions’

  • Attend the local business level Risk Committees and support with their decision making on local risk matters associated with data management

  • The role holder is responsible for ensuring that the risk tool is up to date and reflects the current position for the Technical Risk area for which they face off to (including PRCA, treatment plans, risk events and control assurance results).’

  • As required, deputise for the Head of Top Risk Management at Divisional Risk Committees

What you need to know and show

The role requires a sound level of technical knowledge across all areas of Operational Risk, Data Risk Management, retail banking and finance in general.  This needs to be complemented by an awareness of the environment in which the Bank operates (economic, organisational and strategic) and the ability to generate high quality written output

To operate at this level and fulfil expectations you must be able to communicate clearly and effectively (regardless of subject matter or technical difficulty) across a range of senior stakeholders. The ability to facilitating change and demonstrate high calibre influencing skills will be key for you to be successful in role.

Professional Experience

  • Demonstrable experience working within a 3 Lines of Defence model at a management level within the financial services industry

  • Strong relationship and stakeholder management skills with proven ability to influence at a mid-senior level

  • Good understanding of  the regulation and control environment within a financial services organisation, including conduct risk requirements and the elements of a Risk Management Framework

  • Strong analytical and problem solving skills

  • Strong communication skills ‐ ability to communicate effectively at all levels include the ability to translate complex / technical issues to suit target audience

  • Ability to provide support and guidance to development of controls. Be prepared to challenge processes, people and activities in order to resolve problems

Technical Expertise

  • Strong background in the financial services industry

  • An in-depth understanding of Governance and Operational Risk management in a regulated environment

  • Good working knowledge in relation to GDPR, Record Management, Information Security regulation and industry standards

  • Strong experience in risk identification and assessment techniques throughout financial services

  • Proven speaking, presentation and facilitation experience within workshops and governance forums

  • First Class report writing and communication skills with the ability to interact at mid-senior levels within the organisation

  • Strong written communication via Microsoft office suite (Word, Excel, PowerPoint).

Behavioural Skills

  • Recognising; aware of and responds to key insights & environment

  • Analytical Rigour; grasping and working through complex problems

  • Framing; aware of ever evolving bigger picture and helps others to see this

  • Aspiration; focus on being successful and ambitious to achieve great outcomes

  • Initiative; proactive and independent minded to set and pursue a path without guidance

  • Self-assurance; Deep sense of own ability to succeed and deliver

  • Self-awareness; has an in depth perspective sense of who they are

  • Environmental radar; strong instincts and deeply aware of the need to manage their messages

  • Range of influence; engaging communicator who connects, inspires and leaves a lasting impression

  • Living the Sainsbury’s Group values through proactively taking responsibility, owning any issues arising and following through to resolve them (within their role remit). Recognise how their individual responsibility impacts team delivery and inspires others to do the same. 

  • Be visible to help to deliver a positive, inclusive culture where everyone can deliver to their full potential

  • Consistently focus on the bank being an inclusive employer and a place where people love to work

Our benefits

In addition to the all- important competitive salary, pension & bonus offering, we totally get that life outside work is important to us all. So we want to shout out some of our other great benefits…

  • We offer flexible working to help you achieve a good work/life balance

  • Opportunity to buy extra holidays is on the table

  • Discounts on your weekly shop, buying a laptop or sofa? We’ve got it covered through your Sainsburys, Argos and Habitat store discount card 

  • Cycle to work scheme and great coffee and cake!

Colleague Conduct Rules

The individual performing this role is expected to adhere to conduct rules as specified by our regulators (PRA and FCA).

A little about us & our culture

We’re proud of our heritage as the UK’s first supermarket bank. As digital technology drives the banking landscape we want to be at the cutting edge of this technology, offering award winning innovative digital banking products to our customers.

Technology is where we see our growth therefore we need innovators to join us and drive the next phase of our evolution.

We’re a friendly bunch who collectively share a passion to make our customers’ financial lives easier.  As part of the wider Sainsbury’s Group, being one of the UK’s most trusted brands, it brings our colleagues a wealth of opportunities to fulfil their potential. 

Here, you can be part of something bigger and help to create a new approach that puts the customer at the heart of everything we do.

Everyone is welcome at the Sainsbury’s Group, and we’re proud to be an equal opportunities employer that champions a diverse and inclusive culture that reflects the diversity of the communities we serve. If you’re interested in applying and are excited about working with us, but are unsure if you have the right skills and experience – we’d still love to hear from you! Apply today and we’ll be in touch (we’re also happy to discuss flexible working options (including part time)).

As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.