Conceptually, imagine a chain of galaxies that leads to your target galaxy. Each galaxy along the chain has some small velocity relative to the galaxy before it. If you add all of those relative velocities together, that should give you the velocity of the target galaxy, right? However, velocities in relativity add in a special way; see the relativistic velocity addition formulathe relativistic velocity addition formula. The cosmological recession rate is computed by instead just adding the relative velocities naively, without properly using relativistic velocity addition. That's why we should not be concerned that it can exceed the speed of light.
Also, note that there is not a unique way to define the relative velocity between cosmologically distant objects; Seesee this question for more detail. This is part of why we are fine with talking about recession rates instead of actual relative velocities. There is no unique "actual" relative velocity to even talk about.