Technology and Cyber Risk Analyst (2LoD)

Technology and Cyber Risk Analyst (2LoD), London, Permanent 

The role of Technology and Cyber Risk Analyst involves serving as the second line of defence in identifying technology and cyber-related risks, offering specialised knowledge as needed, and aiding in the upkeep and implementation of our risk management frameworks, procedures, and reporting to enhance our comprehension and management of technology-related risks.

Key Accountabilities

• Provide analytical support in respect of Technology & Cyber risk to the Senior Technology Risk Manager and Head of Risk Oversight & Assurance (2LoD)
• Support the implementation of industry recognised frameworks, such as NIST, CIR (CAF)
• Provide input into the review of Technology and cyber risks
• Support technology issue management and risk acceptance processes together with associated aggregation and reporting activities
• Support Pay.UK’s incident & event reporting processes, identifying and reporting on themes highlighted through fix details and root cause analysis
• Advocate effective risk culture to stakeholders through training and awareness materials, sharing best practice in clear easy to understand language
• Maintain full awareness of and adherence with the Enterprise Risk Management Framework (ERMF) as well as other relevant Technology, Information System and frameworks.

Qualifications, Skills & Experience 

• Understanding of technology & cyber risk in either a first or second line of defence capacity, together with a knowledge and understanding of information security control environments
• Experience of changing, building, and operating industry good practice Technology Risk Management Frameworks
• Knowledge or experience of technology practices/frameworks such as ITIL, COBIT, NIST
• Proficient in the use of Excel and Power BI
• Ability to interface with stakeholders effectively to establish relationships
• An ability to apply technical knowledge in a practical and balanced manner
• Demonstrated ability to plan and manage own workload in a challenging environment.

At Pay.UK, we value diversity and inclusivity. Research has shown that candidates from underrepresented groups may hesitate to apply unless they meet all the requirements listed. We encourage all qualified candidates to apply, regardless of how closely their skills and experience match the requirements. We are committed to supporting accessibility needs and creating a welcoming environment for all employees. Become part of our team and contribute to the creation of an inclusive work environment that values everyone's unique input.

Who we are

Pay.UK maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a day-to-day basis.

From Bacs to Faster Payments and cheques – we act as the single operator for all UK retail payments. We put the needs of consumers and businesses at the heart of everything we do, working in the public interest to ensure that the systems the country relies on for its banking transactions are safe, open, innovative and resilient.

Our payment systems underpin the services that enable funds to be transferred between people and institutions. In 2024, the UK's retail payment systems processed 11 billion transactions worth over £10 trillion through Bacs Direct Credit, Direct Debit, Faster Payments, and cheques, and our Current Account Switch Service has facilitated over 9 million switches since it’s launch in 2013.

Every day, individuals and businesses use the services we provide to get their salaries, pay their bills and make online and mobile banking payments. Our vision for the future is to enable a vibrant economy, with Pay.UK delivering the best-in-class payment infrastructure and standards for the benefit of consumers and businesses nationwide.

Benefits & Additional Information

• 12% Non-contributory pension
• Discretionary annual bonus 
• 30 days annual leave (excluding bank holidays)
• Private medical insurance, life assurance, income protection, health cash plan, dental insurance, Bupa medicals etc
• Employee assistance programme
• Cycle to Work Scheme
• Season ticket loan
• Annual fitness subsidy of up to £500 per annum
• Working from home policy - minimum 40% in the office (eg. 2 days in the office over a 5 day working week)

Please note:

• Some of our benefits are only available to colleagues upon successful completion of the probationary period.