We are recruiting Risk and Controls Associates to support an Asset & Wealth Management company.
You will be a key member of the Monitoring & Testing function, working alongside analysts in monitoring and testing processes to identify potential risks and control weaknesses. You will be ensuring regulatory compliance, protecting client assets, and not only ensure but improve operational efficiency.
The Monitoring & Testing function evaluates frameworks to continuously ensure efficient processes, systems, and controls. They conduct robust testing methods to mitigate risk within the business.
Role
Risk and Controls Associate
Contract Duration
Initially 6 months (with possibility of extension and potential permanent role)
Pay
£295
Pay Framework
Inside IR35 (Umbrella Company)
Location
Birmingham, onsite Monday to Friday (office based)
Hours
08:30 – 18:30
Risk & Control Responsibilities
* Develop an in-depth knowledge of the operational risk and controls within the company
* Review possible risks and offer support on mitigating these risks
* Identify ways to share risk best practice
* Produce “lesson learned” reports to ensure future risk is mitigated
* Monitor operational strength of frameworks
* Develop, execute and monitor progress on remediation plans
* Support and help analysts review frameworks
* Offer advice to team members
QA & Technical Responsibilities
* Develop Controls & Monitoring framework.
* Identify continuous improvement mechanisms to strengthen frameworks based on changes in process, regulations & platforms
* Work with our QA team to design tests for data quality, lineage, and controls across a range of products, business lines and processes, including both manually and systematically created data
* Review and assess colleagues' findings
* Develop methodologies to define test scripts, execute tests, including frequency, sampling, evidencing, and follow-up actions
* Work with developers and code specialists to develop tools to support test execution, record keeping, and reporting
* Review reports produced by team members
* Work with department teams to build data models / data visualization and reports
* Execute test suites using manual and automated techniques, and integrate results into the broader risk management framework, including control enhancements and risk assessments
* Coordinate end-to-end risk management delivery with other divisions, such as Compliance, Legal, Risk, and Internal Audit, as well as support regulatory interactions
Requirements
* Experience within risk management within the Asset & Wealth Management sector
* 5+ years experience viewing risk within Wealth and finance industry
* Excellent communication skills with stakeholders and other departments
* Strong analytical skills with an ability to understand complex workflows, and excellent attention to detail
* A keen eye for detail and identifying areas of control, changes and automation
* Ability to perform data analytics using metrics to identify trends and themes
* Keeps current with emerging business, economic and market trends
* Ability to work with and analyze large data sets
* Track record of delivering and enhancing measurable, impactful business outcomes and products
Send your CV to busybee@dianaduggan.co.uk
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