The Operational Risk and Control Assurance Team is a core part of the Group’s Risk Assurance Function, supporting the Bank by delivering independent, risk‑based assurance. At the heart of this work is a structured programme of control testing across critical business areas. Testing is conducted throughout the year in line with a risk‑based assurance plan, ensuring that the most significant risks are subject to rigorous scrutiny, challenge, and validation. By joining this team, you will be part of a group with a diverse skill set, bringing together varied expertise to strengthen the Bank’s control environment, promote consistency, and provide confidence that key risks are being effectively managed. You will report directly to the Group Head of Risk Assurance, ensuring visibility and impact at the highest level.

As a Senior Risk and Control Assurance Manager, you will have the opportunity to evaluate and enhance the effectiveness of risk management and internal control frameworks across the Group. Leading independent assurance reviews, providing expert insights into control design and operative effectiveness, and supporting senior leadership in driving a culture of accountability and continuous improvement and contributing to the strategic development and delivery of the risk assurance plan, and helping shape the function’s approach to assurance, reporting, and stakeholder engagement.

Your responsibilities will include…

• Lead Risk Assurance activities by managing and delivering thematic and targeted risk assurance Material and Key controls testing reviews across the Group, focusing on key risk areas and control effectiveness.
• Provide strategic support in the testing and validation of material and key controls, ensuring robust evidence of control effectiveness support the Board in fulfilling its governance responsibilities.
• Assess the adequacy and effectiveness of first-line controls and risk mitigation strategies.
• Works independently to lead the provision of risk assurance over a variety of risk disciplines (operational, conduct, credit, and regulatory risks etc.).
• Support the Group Head of Risk Assurance in developing and executing the annual risk assurance plan.
• Produce high-quality reports with clear findings, root cause analysis, and practical recommendations in line with the Group Head of Risk Assurance’s expectations and in adherence with methodology.

We offer a base salary depending on experience and location of £68000 - £80000 and a competitive benefits package including:

• Enhanced family-focused benefits
• Hybrid-working 
• Annual bonus opportunity

Please use this link to see the fantastic benefits available at OSB: OSB Careers 

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

We are looking for talented individuals who have the experience and knowledge set out below:

• Proven experience working at a senior level in risk assurance, compliance assurance, control testing, internal audit, or risk management within financial services is essential
• Demonstrable experience of critically analysing information and providing succinct written and verbal reports of the outcomes is necessary.
• Ability to work independently to lead the provision of risk assurance over a variety of risk disciplines (operational, conduct, credit, and regulatory risks etc.) is vital
• Specialist knowledge of assurance methodologies and best practices is essential.
• Ability to communicate complex issues clearly and influence senior stakeholders is required.

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Still on the fence? Hear from our team or explore our process: OSB Careers

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational – inclusive any individual reasonable support required. We want to bring out the best in you!

Diversity, Equity & Inclusion

Not sure if you meet the spec? Let us decide.

Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally.

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.