--- title: 'Technology Risk & Controls Manager at Allica Bank' canonical: 'https://feeny.ai/job/technology-risk-controls-manager-allica-bank-london-r50ee2bvdf1v' type: 'job' last_seen: '2026-09-07' --- # Technology Risk & Controls Manager at Allica Bank - **Company:** Allica Bank - **Location:** London, United Kingdom - **Employment:** full-time - **Work type:** hybrid - **Posted:** 2026-09-07 - **Last confirmed live:** 2026-09-07 - **Apply:** https://jobs.ashbyhq.com/allica-bank/4a813cda-e3bc-4a0f-b656-8ced00a5f972 ## Job description ## About Allica Bank Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers. Department Description This role sits within the Controls function, reporting to the Head of Controls. You will be an integral part of an action orientated, fast moving team, responsible for successfully delivering First Line of Defence capability within the bank. ## Role Description - You will partner with the Technology business area to embed the Risk Management Framework, including policies and procedures. - Provide expert input into the design and operation of the technology control framework, including data management, working with stakeholders across Technology to ensure that controls are documented and embedded. - Provide expert input into the vendor management framework, supporting the Vendor Management Team to develop and embed controls to ensure effective management of vendors in line with regulatory requirements. - Testing of existing and new key controls in line with agreed schedule, informing the non-financial risk profile and required management actions. - Support the operational resilience programme, with a focus on technology resilience, feeding into scenario planning and testing. - Support the coordination and facilitation of the bank’s Risk and Control Self-Assessment (RCSA) and administration of the bank’s annual RCSA refresh. - Support the capital calculation for Operational Risk as part of the ICAAP, including scenario analysis. - Hands on support in the update of risk information on the bank’s Risk systems, including ensuring risk events and issues are appropriately raised and managed. - Assembling informed quantitative and qualitative input into First Line Risk Reporting at relevant committees and conducting deep dive reviews into areas of thematic risk. Principal Accountabilities - As the Risk Business Partner for Technology, provide hands-on Risk support from a First Line Controls perspective. - Partner with the business to ensure ongoing active management of risk and embedding of the Risk Management Framework, including RCSA, risk events, issues, KRIs. - Support the development of the technology control framework, including data and vendor management. - Provide First Line assurance over key controls, through control testing and supporting operational resilience assessment and testing. - Deputise as required at meetings for the Head of Controls. - Support the ongoing monitoring and reporting of risk through relevant governance, conducting analysis and reporting on key areas of risk, including internal and external reporting. - Help promote a risk-focused culture across the bank, embodying Allica’s values. Personal Attributes & Experience - Strong Risk knowledge and experience including RCSAs, Controls and Risk Libraries, risk event reporting, - Expertise in technology control frameworks and vendor management standards. - Knowledge of ISO27001 and SOC2 type controls would be advantageous. - Knowledge of relevant non-financial risk regulatory requirements, e.g. on Operational Resilience, Outsourcing is desirable. - Hands on experience of assurance/monitoring of risks and controls across non-financial risk disciplines - Willing to be very hands-on and ability to adapt quickly to the workflow in support of the Controls team, with focus on delivering results and meeting deadlines. - Strong written and presentation skills, supported by experience of communication across different levels of seniority. - Ability to provide necessary challenge in a constructive manner. - Strong team player, with focus on ongoing development to support meeting objective of the team. - Overall, 10-12 years of experience in operational risk management, RCSA administration and ICAAP compliance with deep expertise in internal controls. - Proven experience in developing and overseeing vendor risk management frameworks including 3rd party risk assessment, ongoing monitoring and compliance Working at Allica Bank At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers. Our employees are at the heart of everything we do, so our benefits are designed with you in mind: - Full onboarding support and continued development opportunities - Options for flexible working - Regular social activities - Pension contributions - Discretionary bonus scheme - Private health cover - Life assurance - Family friendly policies including enhanced Maternity & Paternity leave Don’t tick every box? Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you! Flexible working We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate. Diversity We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like. ## About Allica Bank ## Company Overview - **One-liner**: Allica Bank is a British challenger bank and fintech that provides current accounts, savings, and lending products exclusively to established small and medium-sized businesses (SMEs) in the UK. - **Entity Type**: Private (Unicorn status achieved February 2026) - **Headquarters**: London and Milton Keynes, UK (with additional hubs in Manchester and India) - **Founded**: 2019 - **Founders**: Not publicly available (the bank was founded by a team; current CEO is Richard Davies, appointed July 2020) ## Core Business - **Primary industry/industries**: Financial Services, Fintech, Business Banking (SME Banking) - **Target customers**: B2B — Established UK businesses with 5–250 employees - **Mission or purpose statement**: "To give established businesses the banking they deserve" — combining fintech knowledge with start-up spirit to transform the business banking experience. ## Products & Services - **Business Rewards Current Account**: A full-featured business current account with unlimited fee-free UK transfers, team-level access, two-person authorisation, virtual cards (up to 20 per employee), expense management, and integrations with accounting software (Sage, Xero, QuickBooks, FreeAgent). Earns up to 1.5% cashback on card spend and integrated savings pots paying up to 4.08% AER interest. - **Business Borrowing**: Includes business overdrafts and lending products tailored for established SMEs. - **Savings Accounts**: Instant access savings accounts with competitive interest rates. - **Invoice Finance & Embedded Payments** (via acquisition of Kriya, October 2025): A new offering aiming to achieve £1 billion of invoice finance lending by 2028. - **Specialist Bridging Loans** (via acquisition of Tuscan Capital, August 2024): Short-term property-backed lending. ## Market Standing - **Valuation/Market Cap**: $1.2 billion (Unicorn status, February 2026) - **Key Metric**: Annual Revenue of £371.3 million (2025); Net Income of £36.9 million (2025); Total lending over £3.7 billion; Over 30,000 business customers (February 2026) - **Notable Investors/Partners**: Ventura Capital, GLG, Sona AM, TCV, Blue Owl, Atalaya Capital Management, Warwick Capital Partners - **Growth Signals**: - Named the UK's fastest-growing private company in The Sunday Times 100 (June 2024) - Named the UK's fastest-growing fintech ever in Deloitte's 2023 UK Tech Fast 50 - Listed as the second fastest growing company in Europe in the FT1000 (March 2025) - Over 700 employees (growing to 799 in 2025) - Achieved first full-year profit in 2023 - Acquired Kriya (invoice finance) and Tuscan Capital (bridging loans) to expand product suite ## Competitive Advantages - **Dedicated Relationship Management**: Every customer gets a UK-based relationship manager on speed dial — a return to "real relationship banking" that larger banks have moved away from. - **Proprietary Technology**: Tech teams design, test, and build everything in-house specifically for the needs of established businesses, not consumers or micro-businesses. - **No Monthly Fees**: Unlike traditional banks, Allica rewards customers with cashback and interest instead of charging monthly account fees. - **FSCS Protection**: Customer deposits are protected up to £120,000 by the Financial Services Compensation Scheme. - **Speed of Execution**: Company culture emphasises "Need for Speed" — they believe executing and improving faster creates a massive competitive advantage. ## Strategic Focus - **Product Expansion**: Growing beyond core banking into invoice finance, embedded payments, and specialist lending through acquisitions. - **Scaling Customer Base**: Targeting continued rapid growth from 30,000+ business customers, with a specific goal of £1 billion in invoice finance lending by 2028. - **Talent & Culture**: Building a team that blends "fintech knowledge with start-up spirit" while maintaining a focus on transparency and delivery over hierarchy. ## Why Work Here - **Culture & Values**: "Allicans" are described as passionate about the collective mission, with a culture of top talent, big thinkers, and a truly diverse workforce. Values include "Own it," "Need for Speed," "Straight Bat," and "Lead by Example." - **Employee Satisfaction**: 92% of employees said they enjoy working together (latest survey); 86% say they enjoy working there. - **Flexible Working**: Flexible working arrangements are offered, plus enhanced maternity, paternity, and shared parental leave. - **Benefits**: Competitive financial and wellbeing benefits, plus a packed staff social calendar. - **Growth Opportunity**: Described as "the UK's fastest-growing fintech ever" — employees get to help build the future of business banking and grow their own careers in a fast-paced, high-impact environment. - **Engineering Culture**: Tech teams design, test, and build everything in-house with a focus on transparency and data-driven decision making. Worth is measured by delivery of outcomes, not job titles or headcount. ## Sources 1. [allica.bank](https://www.allica.bank/about-us) 2. [allica.bank](https://www.allica.bank/) 3. [allica.bank](https://www.allica.bank/careers) 4. [jobs.ashbyhq.com](https://jobs.ashbyhq.com/allica-bank) 5. 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