Risk and Control Officer

My client is an International Bank that specialises in the provision of wholesale banking services. About Risk & Controls position:
Like any other regulated bank, our client needs to ensure that they are managing risk and controls effectively. Risk is currently managed by the second line Risk Manager; however, it has been recognised that the bank needs to develop its Risk & Control framework further to gain better insight into the bank’s risks, Important Business Services and the quality of the controls that underpin each process.

The Risk & Control Officer will be focussed on working with each of the 1st line teams to ensure successfully embed the risk management framework across the first line. The successful candidate will be focussed on understanding the purpose of each of the first line teams and the identification of the banks key risks and controls. These teams will turn to the Risk & Control Officer for guidance, requiring support in the mitigation of any control weaknesses identified to help develop a strong risk culture.

The Risk & Control Officer will be responsible for:
Developing operating effectiveness control testing to ensure that the bank has a complete understanding of the control landscape and drive actions to address control weaknesses. Building their knowledge of the bank to support teams in developing new controls and processes to create lasting solutions for minimising exposure to people, conduct and operational risks and the associated consequences, by identifying failed internal processes, inadequate controls, and emerging risks.

Develop a real understanding of the bank’s risk exposure, control environment, deficiencies and gaps by embedding good risk management practices through building positive relationships with stakeholders across the three lines of defence. Identifying and report risk and control deficiencies to 2nd line risk and manage any mitigating actions. Maintaining the bank’s Operational Resilience monitoring and assessment processes ensuring that the bank remains in accordance with Regulatory requirements.

Creating management information for inclusion in Operational risk reporting packs, audit and compliance assurance requests, to adhere to Regulatory requirements. Provide cover for 2nd line risk in periods of holidays/absence. You should apply if you:
Have worked in financial services, a regulated environment, with some experience and understanding of risk, controls, and/or compliance. Have experience within risk management, incident analysis, risk reporting and control testing. Have a good understanding of industry risk regulation/standards and practices and are keen to learn more. Are curious and collaborative – you are great at asking incisive questions to pick things up, get to the bottom of problems, and act on them quickly.

Are a communicator, able to facilitate discussions, and influence others to gather meaningful feedback and support on your work. Thrive when managing multiple deadlines through to completion and have excellent attention to detail. Are resilient and comfortable working in an ambiguous environment where the day-to-day job is constantly evolving and changing Are hands-on and great at execution Are a self-starter and autonomous, able to make prioritisation decisions