Operational Risk Analyst | Risk | S2 | Milton Keynes
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Position Overview & Specifications
WHAT YOU WILL BE DOING
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This is a great opportunity for an Operational Risk Analyst to join the Operational Risk & Resilience Control team with specific focus on supporting Change Risk Management activities.
The whole Team works to protect Santander UK capital and reduce volatility of profits by their activity in defining, directing, and embedding effective operational risk & resilience management policies and practices across all levels of Santander UK group and its third parties. The Team also monitors Risk appetite and reports the firm wide Operational risk profile, ensuring that action is taken to maintain the profile within the Boardβs operational risk tolerance.
The difference youβll make
Becoming the first point of contact within the Operational Risk Department for any requests relating to Operational Risk Assessments or documents submitted to Operational Risk & Resilience Control for review.
Monitoring of Operational Risk Control mailboxes to ensure all items submitted are captured and logged.
Maintaining the Product/Change approval log, tracker and Wave system ensuring all items received are logged/tracked/monitored through to final approval, ensuring all documents are stored for evidence and initiatives are appropriately allocated within the team.
Ensuring the Transformation & Change Risk Management Policy and Procedures, Risk best practice guidance & Operational Risk Assessment template document are kept up to date and refreshed when required and are available for Line1/Business.
Reporting of Transformation & Change Risk to inform the Transformation & Change Risk profile, supporting on submissions to, and preparation for key Change governance forums and to senior management.
Supporting the development of Transformation and Change strategy by delivering enhancements to Transformation & Change risk assessment tools (Project Risk Rating and Operational Risk Assessments) and risk governance processes and controls.
What youβll bring
Good theoretical understanding of operational risk management and control methodologies, as well as their successful application.
Good communication skills and an ability to juggle various activities and deadlines
It would also be nice for you to have
Education equivalent to degree calibre or equivalent work experience
Relevant professional qualifications
Good knowledge of MS Office in particular Excel and Power Point skills.
What else you need to know
This is a permanent role based in Milton Keynes with flexibility working from home
Everyday Inclusion
At Santander weβre creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.
How weβll reward you
As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs.
Eligible for a discretionary performance-related annual bonus
Pension with generous contributions of up to 12.5% from Santander, depending on your own contribution and length of employment with us.
27 daysβ holiday plus bank holidays, which increases to 28 days after 5yrs service, with the option to purchase up to 5 contractual days per year.
Voluntary healthcare benefits at discounted rates. Including : Bupa medical insurance, dental insurance, healthcare cash plan and health assessments
Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover.
24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more.
Share in Santanderβs success by investing in our share plans.
Support your favourite causes through charitable giving and our community partnerships
What to do next.
If this sounds like a role youβre interested in, then please apply.
If thereβs anything we can do in the recruitment process to help you achieve your best, get in touch. Whether itβs a copy of our application form in another format or additional assistance, weβre available through telephone, email, or face to face. You can contact us at resourcing@santander.co.uk or call 0870 414 9080.
Candidate Selection & Onboarding Process
Application & Resume Screening
Submit your tailored CV/Resume directly to the talent acquisition portal.
Technical & Competency Interviews
Virtual interviews with the hiring manager and multidisciplinary team.
Formal Offer & Benefits Negotiation
Written agreement outlining compensation, equity, retirement vesting, and relocation allowances.
Onboarding & Corporate Integration
Equipment provisioning, team orientation, and commencement of duties.
United Kingdom Right to Work & Skilled Worker Visa Guide
Employment in the United Kingdom requires legal Right to Work verified under the Home Office Points-Based Immigration System:
Sponsoring employers must hold an active Home Office A-rated Sponsor License and assign a valid Certificate of Sponsorship (CoS). Role must meet the general minimum salary threshold (Β£38,700) or occupation going rate.
Continuous employment under Skilled Worker status establishes eligibility for Indefinite Leave to Remain (ILR) after 5 continuous years, leading to British Citizenship.
Candidate Preparation Blueprint: Banking & Lending
Based on transatlantic hiring benchmarks for Operational Risk Analyst | Risk | S2 | Milton Keynes roles across Santander's corporate sector, successful applicants typically excel across three core dimensions:
Demonstrated portfolio evidence, architecture/system design case studies, or validated professional certifications directly applicable to Banking & Lending.
STAR method competency responses highlighting cross-functional leadership, conflict resolution, and delivering measurable enterprise ROI under tight timelines.
Total compensation expectation aligned within the benchmarked Salary Disclosed on Application bracket, including retirement vesting and health parity.
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