Operational Risk Analyst

Overview

At DF Capital, we champion banking for ambition. As an award‑winning provider of commercial finance and savings, we empower depositors and small businesses with financial solutions tailored to fuel their growth. Headquartered in Manchester, our team of over 130 employees serves thousands of customers across the UK, transforming savings into new opportunities for businesses to thrive.

Our Story

Founded in 2016, DF Capital was born with a focus on distribution finance – providing dealers, distributors, and manufacturers with the funding they need to stock, display, and sell products, without straining cash flow.

Since then, we've delivered over £3.5bn of funding across diverse sectors. From motorhomes and machinery to motorbikes and lodges, we have financed all shapes and sizes of commercial vehicles and automobiles.

We listed on the Alternative Investment Market of the London Stock Exchange in 2019 and became a fully authorised bank in 2020, extending our offering with savings products for retail depositors.

Where We’re Headed

Our goal is simple: to be the best bank – for our customers and each other. We put customer needs first, continuously looking to improve our proposition on their feedback, and aim to help more customers in more ways while delivering exceptional service.

We are recognised as a world‑class place to work for, with an inclusive, sustainable, and progressive workplace.

Operational Risk Analyst – Second Line of Defence

DF Capital seeks a highly motivated Operational Risk Analyst to join our dynamic Risk and Compliance team. This role offers a unique opportunity to apply and grow your analytical skills in a fast‑paced, intellectually stimulating environment. While the primary focus will be on operational risk, you will also contribute across risk disciplines including conduct, compliance, prudential, and credit.

You will analyse data, produce insightful management information, challenge and oversee risk and control assessments, and support the development of robust risk frameworks that enable informed decision‑making. Collaboration with senior stakeholders and exposure to strategic initiatives will give you real visibility and impact across the organisation.

Key Responsibilities

• Work with all business and functional areas to embed a robust risk culture within the organisation.
• Support first line of defence colleagues with risk management activities, processes and tools.
• Implement, embed and continuously develop DF Capital's Operational Risk Management Framework.
• Prepare and develop second line risk and compliance management information (MI), including regular reporting to senior management and committees.
• Support second line reviews of first line MI.
• Prepare reports detailing key findings from second line oversight reviews, any systemic risk issues and common themes, and prescribe appropriate corrective actions.
• Design, document and operate second line oversight processes, systems and tools that support the Operational Risk Management Framework.
• Review and test first line processes and operational risk controls.
• Conduct horizon scanning of risks.
• Assist with wider analysis, guidance and creation of management tools to enable the whole bank to operationalise its Risk Management Frameworks.
• Contribute to the second line review and challenge of risk and control assessments.
• Maintain the risk event register and other GRC related elements.
• Assess operational risk events and follow‑up risk mitigation actions.

Required Skills & Experience

No specific educational background or prior work experience is required. Candidates with relevant secondary or further education in finance, economics or business studies are encouraged to apply.

More important than qualifications is your mindset: we are looking for individuals who are curious, analytical, proactive, and eager to learn. A strong sense of ownership, a collaborative approach, and a genuine interest in risk management will help you thrive in this role.

Ideal Candidate Profile

• Strong analytical mindset with the ability to interpret data, identify trends and draw meaningful insights.
• Organised and self‑motivated, capable of managing multiple tasks and meeting deadlines.
• Curious and proactive, with a willingness to learn and contribute to a growing risk function.
• Collaborative team player, able to build relationships across first and second line functions.
• Highly numerate, with attention to detail and accuracy in data handling and reporting.
• Effective communicator, able to present ideas clearly in written reports and verbal discussions.
• Basic understanding of financial services and key concepts in banking and risk management.
• Creative problem solver, able to challenge assumptions and suggest improvements to processes or controls.
• Proficient in Microsoft Excel, including formulas, pivot tables and basic data analysis (desirable).
• Exposure to risk or compliance methodologies or topics through academic projects, internships, or early career experience (desirable).

Benefits

• Private medical insurance
• 10% employer pension contribution
• 30‑day annual leave entitlement plus bank/public holidays
• Free gym membership
• Discretionary annual bonus
• Discretionary share awards
• Life assurance
• Income protection
• Company share acquisition scheme (Save As You Earn)
• Salary sacrifice scheme for bicycles and electric vehicles
• 4 days of paid volunteering leave
• Vibrant office location in Manchester city centre

Location

Manchester, England, United Kingdom

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Salary: GBP 36000 - 60000 per year