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🟒 Actively Hiring Β· Posted 25d ago ⏳ Closes in 66 days UK Corridor πŸ›‘οΈ UK Work Eligibility 🏒 Company - Private

Operational Risk Policy Business Analyst |S2| Recovery & Collections | Milton Keynes

🏒 Santander β€’ πŸ“ Milton Keynes, England β€’ πŸ•’ Sep 14, 2026
Salary Range
Salary Disclosed on Application
Full Benefits Package

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OP-VERIF-6ADA91DC βœ“ Passed Inspection

This vacancy has been independently reviewed by the OppaJob Transatlantic Career Intelligence Desk to confirm authentic direct employer recruiting, verify compensation transparency, and eliminate applicant processing fees.

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Corporate Registration Verified UK Companies House registration standing active
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Prevailing Wage Benchmark UK National Minimum Wage & Equality Act 2010 aligned
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Zero-Intermediary Direct Pipeline Direct candidate ATS submission. 100% free with zero recruitment charges.
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Corridor Right-to-Work Match UK Work Eligibility

Transatlantic Cost of Living & Purchasing Power Benchmark

Verified Analytics
Location Base
Milton Keynes, England
Tier-1 UK Economic Zone
Est. Take-Home Pay
68% - 74% (After PAYE & NI)
Single tax filer baseline
Transatlantic Parity
1.0 GBP β‰ˆ $1.28 USD Living Standard
Direct corporate benchmark
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Position Overview & Specifications

Operational Risk Policy Business Analyst |S2| Recovery & Collections | Milton Keynes

Country: United Kingdom

WHAT YOU WILL BE DOING

Join our community.

As the Operational Risk Policy Business Analyst you’ll support the Operational Risk Policy manage in a number to deliver key activities to support the FsCoE. You’ll be involved in critical FSCoE projects, such as Consumer Duty. The successful candidate will work closely with the Reg Policy Manager to develop their PMO skills.

The difference you’ll make.

  • Supporting the Reg Policy manager with ongoing regulatory projects using Bank’s standard governance approach e.g. RAID

  • Supporting the manager with stakeholder meetings e.g. preparing packs, taking minutes, arranging meetings, tracking actions

  • Analysing current processes to streamline the process and ensuring supporting communications and training material all align, whilst maximising customer outcomes.

  • Working with stakeholders and SMEs across Financial Support and the Wider Bank

What you’ll bring.

  • PMO/Project management

  • Policy/process writing experience

  • You will require the right to work in the UK (please see details below)

It would also be nice for you to have.

  • Understanding of FSCoE systems

  • Understanding of FSCoE processes

  • Understanding of bank policies

  • Previous experience in working in an operational risk area

What else you need to know.

This is a full-time permeant position based at the Santander Milton Keynes head office.

This role is offered on a hybrid basis, which can be discussed with the recruitment team during the hiring process.

Everyday Inclusion

At Santander we’re 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 we’ll reward you.

As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs.

  • 500 annual cash allowance to spend on our great range of benefits.

  • Pension with generous contributions of up to 12.5% from Santander, depending on your own contribution and length of employment with us

  • 27 days’ 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 Santander’s success by investing in our share plans

  • Support your favourite causes through charitable giving and our community partnerships

Right to work in the UK.

Every individual must have the right to work in the UK to commence employment with Santander either by way of nationality, visa or work permit. If you do require a working visa / permit this will not influence our decision on whether to progress your application. However, if you do not have a right to work, or an application for a working visa / permit is unsuccessful, Santander will not proceed with your application and will withdraw any conditional offer previously made.

What to do next.

If this sounds like a role you’re interested in, then please apply.

If there’s anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it’s a copy of our application form in another format or additional assistance, we’re 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

1

Application & Resume Screening

Submit your tailored CV/Resume directly to the talent acquisition portal.

2

Technical & Competency Interviews

Virtual interviews with the hiring manager and multidisciplinary team.

3

Formal Offer & Benefits Negotiation

Written agreement outlining compensation, equity, retirement vesting, and relocation allowances.

4

Onboarding & Corporate Integration

Equipment provisioning, team orientation, and commencement of duties.

United Kingdom Right to Work & Skilled Worker Visa Guide

Corridor Intelligence

Employment in the United Kingdom requires legal Right to Work verified under the Home Office Points-Based Immigration System:

πŸ‡¬πŸ‡§ Skilled Worker Visa (Tier 2)

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.

πŸ›οΈ Settlement (ILR) Pathway

Continuous employment under Skilled Worker status establishes eligibility for Indefinite Leave to Remain (ILR) after 5 continuous years, leading to British Citizenship.

βš–οΈ Official regulatory reference: UK Visas and Immigration (UKVI) & Home Office Sponsor Register.

Candidate Preparation Blueprint: Banking & Lending

Recruitment Insights

Based on transatlantic hiring benchmarks for Operational Risk Policy Business Analyst |S2| Recovery & Collections | Milton Keynes roles across Santander's corporate sector, successful applicants typically excel across three core dimensions:

1. Domain Competency

Demonstrated portfolio evidence, architecture/system design case studies, or validated professional certifications directly applicable to Banking & Lending.

2. Behavioral & Leadership

STAR method competency responses highlighting cross-functional leadership, conflict resolution, and delivering measurable enterprise ROI under tight timelines.

3. Compensation Alignment

Total compensation expectation aligned within the benchmarked Salary Disclosed on Application bracket, including retirement vesting and health parity.

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Hiring Organization
Santander

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Location: Milton Keynes, England
Eligibility: UK Work Eligibility
Schedule: Company - Private
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