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Associate

Information About This Job

Job Title: Associate
Contract Type: Permanent
Location: London
Industry:
Contact Name: Adam Small
Contact Email: asmall@lawsonchse.com
Job Published: 3 months ago

Job Description

 

 

About The Company

The firm is a leading independent global asset manager, dedicated to delivering the best outcomes for clients through a highly diversified range of actively-managed products.

They support individual and institutional investors across a range of products, encompassing equities, fixed income, multi-asset and alternatives.

The firm consists of a team of independent and innovative thinkers who work tirelessly to help clients achieve their goals - and do it by fostering an energetic and collaborative culture that ensures their people love the place they work.

The company currently has over US$331bn1 of assets under management, and has a diverse geographic footprint, employing close to 2500 staff in 28 offices globally.

 

 

 

About The role

Enterprise Risk forms part of the wider Risk team within the Risk & Compliance function, which reports directly to the Chief Risk Officer (CRO). The Enterprise Risk team partners closely with senior managers and their teams across the business globally to:

  • Develop and embed a risk management culture worldwide

  • Deliver and maintain an effective Enterprise Risk Management Framework that provides appropriate support for the business to make risk-based decisions

  • Equip the business to effectively and efficiently manage their risks through the implementation and embedding of a robust risk assessment methodology and the Governance, Risk and Compliance (GRC) system

  • Ensure appropriateness and transparency of risk information reported to the

  • Board Risk Committee (BRC), the Executive Committee (ExCo) and other relevant governance committees

The post holder reports to and supports the Senior Manager, Enterprise Risk to educate, advise, challenge and support the embedding of good risk management practices and risk culture within the business and act as a dedicated risk partner and trusted advisor for the business area falling within the remit of the role.

The post holder is responsible for the delivery of the ERBP plan and activities allocated to them for the specific business units.

The role provides opportunities to actively engage with and support a broad range of stakeholders at all levels and as a result broaden relationships and partnerships across different functions within the business.

The role includes both remediation and “Business as Usual” activities.

 

Key Responsibilities

Governance

  • Support the review of the design and effectiveness of the governance arrangements in place across the specific business units

  • Support, where required, the business to establish new and/or enhanced governance mechanisms to escalate, oversee and manage the risks threatening the business activities

  • Support other members of the ERBP team attending governance committees and forums by preparing inputs and analysis as required

 

Risk Exposure Monitoring

  • Support the design, implementation and embedding of key indicators and risk monitoring dashboards (e.g. business risk profile) to equip the business with tools and mechanisms enabling them to proactively assess and monitor and, where appropriate, effectively manage and mitigate their risk exposures vs. the business and/or firm’s risk appetite statements OR support the management and mitigation of their risk exposures vs. the business and/or firm’s risk appetite statements

  • Regularly monitor and, where applicable, escalate any concerns regarding increases in risk exposures and risk appetite breaches to the Senior Manager

  • Review and challenge key indicators values, trends and supporting business rationales; where applicable, escalate any concerns to the Senior Manager

  • Support the business in the implementation of appropriate monitoring and mitigating actions where risk exposures are increasing and/or where risk appetite statements have been breached

 

Policies Attestation Oversight & Procedures Oversight

  • Support the delivery of business-owned policies and procedures globally and across all business units falling within the remit of the role, taking into account, where applicable, local regulatory requirements confirmed by the Compliance teams

  • Support the business to deliver the policies attestations, where applicable, provide evidence based challenge to influence the attestation status and provide an independent assessment and rationale; escalate any concerns to the Senior Manager

  • Support the business to design and deliver appropriate mitigating actions where non-compliance with policies and procedures has been identified, where required and appropriate, support the business in the completion of waivers and exceptions

  • Support the business to implement mitigating actions so that waivers and exceptions can be removed in a timely manner

Risk & Control Self Assessments Coordination

  • Work closely with the control and risk owners within the business to deliver Risk and Control Self Assessments (RCSAs) that are robust and aligned to the RCSA methodology

  • Actively engage with the business to timely and appropriately document the RCSAs within the Governance, Risk and Compliance (GRC) system; where appropriate document risk challenge and approval in the GRC

  • Support the business in the delivery of adequate risk mitigating plans and, where applicable, support the articulation of risk acceptances

 

Issues Remediation Monitoring & Support

  • Support the business to document issues identified through the completion of Risk and Control Self-Assessments, incidents and lessons learnt, and any findings from the Assurance functions, external auditors and regulators

  • Support the business in the design of adequate remediation plans ensuring timely and appropriate risk mitigation outcomes based on the business residual risk target and the firm’s risk appetite statements

  • Support the business in the remediation of issues by providing constructive challenge, advice and help articulate additional resource requirements where applicable; proactively escalate any risks of issues becoming overdue to the Senior Manager

  • Review and challenge the evidence provided by the business to support the closure of open issues, where applicable i.e. excluding Internal Audit and Compliance identified issues

  • Ensure completeness and accuracy of issues and remediation actions documentation within the Governance, Risk and Compliance (GRC) system, providing quality assurance where necessary

 

Risk Events Remediation Oversight

  • Support the business when a risk event has been identified, and contribute to the appropriate resolution of the risk event thereafter by facilitating discussions with all impacted teams and stakeholders where applicable

  • Provide regular updates to appropriate stakeholders throughout the risk event resolution where required.

  • Review and, where applicable, help the business to enrich the risk event information documented in the Governance, Risk and Compliance (GRC) system

  • Complete, where required, the mandated risk review and approval fields within the GRC system; this includes ensuring that appropriate issues and remediation actions linked to the risk events are documented

  • Support the delivery of lessons learnt reviews where appropriate; agree on remediation actions, where applicable, to ensure that potential future risk events can be proactively avoided

  • Support the documentation of major risk event reports

 

Other Duties and Responsibilities

  • Support, where appropriate, the delivery of deep dives, control assurance and testing activities.

  • Support the Head of Business Continuity in the implementation of a comprehensive and effective business continuity management framework for the business units falling within the remit of the role.

  • Contribute to the effective use and development of the Governance, Risk and Compliance (GRC) system by gathering and providing feedback around the system functionalities to the Enterprise Risk Strategy (ERS) team; where applicable, collaborate on the design and roll-out of changes required to enhance the system

  • Contribute to the effective embedding of the Enterprise Risk Management Framework within the business and, where required, gather and provide feedback on any aspects of the framework to the ERS team to enhance the framework and ensure alignment with changes in business strategy and operating models

  • Support the delivery of projects by providing relevant analysis and inputs as requested by the Senior Manager

  • Support the ongoing risk training of the business and act as a risk champion within the business units falling within the remit of the role. Escalate any major risk training requirements to the ERS team so that they can be added to the firm- wide risk training plan

  • Support the delivery of any other activities and tasks as required by the Senior Manager

 

Team Management & Development

  • Support the Senior Manager to discharge their responsibilities and support other members of the ERBP team e.g. Managers and Associates

  • Timely escalate any delivery risks and issues to the Senior Manager

  • Maintain appropriate level of knowledge and competencies required to undertake

  • the role and, where necessary, proactively engage with Senior Manager to discuss development opportunities

 

Skills & Experience

  • Educated to degree level, relevant industry experience preferred

  • Professional qualification preferred but not essential e.g. IMC

  • Understanding of the financial services industry; asset management experience Preferred

  • Good understanding of risk management methodologies and techniques preferred

 

Key Competencies

  • Good planning, analytical and problem solving skills

  • Ability to effectively network and confidently build and maintain relationships with clients, including key stakeholders

  • Good writing and verbal communication and ability to adapt delivery style to various audiences

  • Pro-active and self-sufficient with ability to escalate where appropriate

  • High standards of delivery and very good presentation skills

  • Ability to be resilient and stay motivated under pressure or facing tight deadlines

  • Ability to multi-task, prioritise and meet deadlines

  • Willingness to continuously learn and develop oneself to maintain industry and technical knowledge

  • Pragmatic, with a business oriented approach

 

Compliance Requirements

At a minimum the role requires the individual to:

  • Place the interest of Clients first and always act in accordance with TCF (Treating Customers Fairly) principles

  • Understand and comply with any federal, state, and foreign laws and regulations applicable for the role, and seeking the guidance of Compliance if this is unclear at any time

  • Understand and comply with all relevant policies applicable for the role, and seeking the guidance of the relevant policy owner if this is unclear at any time.

 

 

 

 

 

 

Ref: | Published: 03 Jul 2018