Graduate Risk Auditor Banking

  • Apprenticeship Reference: 1168206634-2
  • Date Posted: 18 November 2023
  • Apprentice Employer: Superb People
  • Location: London
  • Apprentice Pay: £25,000 to £28,000
  • Bonus/Benefits: excellent benefits and bonus
  • Apprenticeship Sector: Accounting, Accountancy, Project Management
  • Apprenticeship Type: Permanent

About this Apprenticeship

This is a new position for a fast growing, innovative and well established bank and fin-tech in central London.


The primary objective of the Scheme Assurance Executive role is to ensure that the bank's operational and technical processes align with scheme requirements, regulatory standards, and industry best practices.

This role aims to achieve the following key objectives:

Scheme Compliance: Conduct thorough assessments based on scheme requirements to verify that the bank's operations meet the specified criteria, ensuring compliance with industry standards and regulatory guidelines.

Regulatory Adherence: Continuously monitor and verify that the bank's processing activities adhere to relevant regulatory requirements. Promptly address any non-compliance issues and collaborate with internal teams to implement corrective actions.

Continuous Improvement: Actively contribute to the bank's efforts to enhance operational efficiency and scheme compliance. Identify areas for improvement in processes, procedures, and systems and work towards their implementation.

Scheme Expertise: Develop a deep understanding of the Faster Payments Service (FPS) and CHAPS scheme operational and technical requirements. Provide guidance and training to internal teams to ensure comprehensive compliance with these schemes.

Documentation and Reporting: Maintain detailed records of compliance assessments, findings, and action plans. Prepare reports and documentation for internal and external audits to ensure transparency and accountability.

Collaboration: Collaborate closely with cross-functional teams, including IT, operations, risk management, and compliance, to facilitate a unified approach to scheme assurance and compliance, fostering effective teamwork and communication.

Scheme Changes: Stay updated with any changes or updates to scheme requirements and ensure that the bank's operational processes are adjusted promptly to remain compliant.

Risk Mitigation: Identify and assess potential risks related to scheme compliance and work proactively to mitigate these risks, safeguarding the bank's reputation and customer satisfaction.