UK (1LoD) Risk & Control Officer (RCO) - [Regulatory Operations]: (Croydon, ENG, GB, CR9 1BG)

Allianz
United Kingdom
Workplace: HybridFull timeFunction: Quality & Regulatory (Non-Software)Skills: ["Independent judgement","Attention to detail","Proactive problem-solving","Organisational skills","Stakeholder management"]

Own and execute first line of defence risk and control responsibilities for UK Operations. You’ll design, implement, and test effective 1LoD controls, support RCSA activities, and track remediation from audit or compliance findings. Monitor risk appetite metrics (KRIs and control indicators), investigate incidents and near misses with root-cause analysis, and provide clear risk and control MI to governance forums. Work closely with business, Risk, Compliance, and assurance to drive a strong control culture across regulatory and risk appetite expectations.

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Allianz
Allianz
1 day ago

UK (1LoD) Risk & Control Officer (RCO) - [Regulatory Operations]: (Croydon, ENG, GB, CR9 1BG)

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Job Summary

Own and execute first line of defence risk and control responsibilities for UK Operations. You’ll design, implement, and test effective 1LoD controls, support RCSA activities, and track remediation from audit or compliance findings. Monitor risk appetite metrics (KRIs and control indicators), investigate incidents and near misses with root-cause analysis, and provide clear risk and control MI to governance forums. Work closely with business, Risk, Compliance, and assurance to drive a strong control culture across regulatory and risk appetite expectations.
Location: United Kingdom
Workplace: Hybrid
Employment Type: Full time · Permanent
Job Function: Quality & Regulatory (Non-Software)

Key Responsibilities

  • •Own and execute first line of defence risk management activities, documenting processes, risks, controls and residual exposures.
  • •Design, implement and maintain effective 1LoD controls, with focus on operational, change and compliance risks.
  • •Perform testing of control design and effectiveness and support RCSA process and control effectiveness attestations.
  • •Track and oversee remediation and enhancement actions, including outcomes from audit or compliance findings.
  • •Log, investigate and manage operational risks/incidents/near misses, including root-cause analysis and corrective action coordination.

Key Requirements

  • •Relevant degree in Business, Finance, Risk, Accounting or a related discipline, or an equivalent combination of education and professional experience.
  • •Professional qualification/accreditation in Risk Management, Internal Control, Audit or Accounting (or working towards) is desirable.
  • •Demonstrable experience in first line risk, operational risk management, internal controls, RCSA delivery, incident management or assurance within a regulated financial services environment.
  • •Good working knowledge of risk management frameworks, control design and testing methodologies, and UK regulatory expectations relevant to 1LoD.
  • •Strong IT skills and very good user knowledge of Microsoft (including Excel, Word, PowerPoint).
Experience:Regulated financial servicesRisk managementInternal controlsOperational riskIncident management
Education:
Skills:Independent judgementAttention to detailProactive problem-solvingOrganisational skillsStakeholder management
Tech Stack:Microsoft ExcelMicrosoft WordMicrosoft PowerPointAIAutomation tools

Company Brief

Allianz
Global insurance and financial services group offering property-casualty insurance, life and health insurance, asset management, and corporate risk solutions to individuals, businesses, and institutions across more than 70 countries.
Industry: Insurance
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Munich, Germany
Founded: 1890
WebsiteLinkedIn