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Operational Risk and Control Analyst

Information About This Job

Job Title: Operational Risk and Control Analyst
Contract Type: Permanent
Location: London
Industry:
Contact Name: Adam Small
Contact Email: asmall@lawsonchase.com
Job Published: 10 months ago

Job Description

Our client, a top international banking group is seeking to appoint an Operational Risk and Control Analyst to join their London offices.

 

About The Company

The company is one of the world’s major financial institutions. Managing over EUR 580 billion in assets, the firm offers a comprehensive range of active, passive and quantitative investment solutions covering a broad spectrum of asset classes and regions. With close to 700 investment professionals and 600 client servicing specialists, the firm serves individual, corporate and institutional investors in 75 countries around the world.

 

About The Role

Implement the Operational Risk and Control (OR&C) Framework across all UK Asset Management to ensure all operational risks are identified, assessed and effectively mitigated.

Support the Head of UK Operational Risk and Control in driving the operational risk culture throughout the firm.

 

Key Responsibilities

Operational Risk Events

  • Investigate risk events identified within the business and escalate in accordance with company policy.

  • Ensure all risk events are promptly captured by operational departments in the internal incident management database and adequate corrective measures have been implemented to avoid reoccurrence.

 

Risk Mapping, Controls Testing and Procedures

  • Arrange and conduct periodical risk and control assessment workshops across UK AM departments to ensure all Inherent & Residual risks and their associated controls have been identified and rated in accordance with the OR&C Framework.

  • Implement, complete and perform the OR&C AM control review and testing programmes.

  • Ensure that up to date procedures exist for all identified key processes and controls across all UK AM.

  • Provide Procedures database training to all key users.

 

Management, Committees and Regulatory Reporting

  • Contribute to the preparation of monthly/quarterly/semi-annual Board, Risk committees, Management and ad-hoc reports.

  • Assist and contribute in the preparation of the Operational Risk Pillar II assessment in relation to the requirements for ICAAP.

 

Recommendations Monitoring

  • Monitor and liaise with the action owners to ensure all open internal audit and OR&C recommendations are addressed and closed by the due deadlines.

  • Escalate any potential late closures to management as soon as possible.

 

Skills & Experience

  • Understanding of Asset Management and the various asset classes: Equities, Fixed Income, Derivatives etc.

  • Intermediate to advanced knowledge of Microsoft Office applications: Excel, Word, Access and PowerPoint.

  • The role holder will be proactive with a focus on continuous improvement in all areas of work.  

  • Possess the ability to establish and maintain a strong network of contacts across the organisation.

  • Have the ability to effectively communicate across all levels of the organisation and adapt communication style as necessary.

  • Deliver quality results, with a pragmatic ‘can-do’ proactive attitude which can be flexed in accordance with the changing environment

  • Ideally, the role holder will have at least 2 years working experience of the various components of an Operational Risk framework.

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