Controls Oversight Framework

6 month contract - Investment Banking - Inside IR35

Core accountabilities of role

1. Direct Responsibilities

· Design and implement the oversight framework of controls performed by hubs on behalf of the

London branch, with a particular focus on financial security controls.

· Support UK Senior Management to view a holistic picture of the financial security 1 LoD control

framework impacting London branch, within UK OPC scope.

· Identify the various teams across international platforms (Portugal, Spain, India, France, etc) that

perform activities over UK processes (in scope of UK OPC: GB, CBK, FIC, etc}.

· Define a setup to:

· collect key data required for the oversight framework from these teams on a regular basis

· streamline the data collection process (e.g: control results extraction through system reports)

· Build a master file to track all key data related to hubs (controls, RCSA, etc)

· analyse these data to identify potential risks trigger. This will require to review RCSAs, controls,

incidents, recommendations, action plans, procedures, audit results, etc.

· report into the relevant UK Committees the key highlights (eg: control execution results, control

updates, significant issues to escalate and actions status).

· attend the regular outsourcing governance meetings organized by each Hub where risk management

data is presented.

· challenge Hub reports to ensure their exhaustiveness, accuracy, and overall relevance; this will

require regular exchanges with colleagues in the Hubs to deep dive on specific information included

in their report

· Perform critical 1LoD Financial security control testing related to UK, where required

· Liaise with UK stakeholders (Compliance, Operations, Business) on key topics requiring their

opinions.

· prepare reporting feeding into UK committees (e.g: Financial Security Oversight Committee) with the

key highlights.

· address queries raised by UK Management on the various reports

2. Other operational risk management missions

· Support the UK OPC team in any other mission such as the preparation of committee slides, the

comparison of UK and Hub risk assessments, the execution of controls

· Similarly, the oversight framework SPOC will benefit from other team members' experience on

implementing an operational risk management framework.

Knowledge, Skill and Experience

Hard skills:

· Strong understanding of Banking regulations, specifically those related to Financial Security topics

(Anti money laundering, Sanctions, anti-Bribery & corruption)

· Extensive knowledge of CIB Banking activities (eg: Global Banking, FIC, CBK, Global Markets,

Securities Services)

· Required experience of Operational Risk through previous roles/experience in 1/2/3 LOD (eg:

Compliance, Internal audit, RISK, etc)

· Proven experience of identifying issues in processes and controls, and subsequently assessing,

reporting, mitigating and monitoring them (eg through RCSA)

· Controls testing experience

· Experience in managing projects is a key bonus (eg: regulatory remediation, implementation of a

new activity, offshoring of processes, etc)

· Ability to handle and analyse large volume of data received in various report formats, to ensure key

messages are communicated to Senior Management

· Ability to use Excel and PowerPoint proficiently, and to be quickly efficient using internal risk

management tools (360, ORUS, Aurora, etc)

Soft skills:

· Must have:

o a highly curious mindset

o a strong critical thinking

o attention to details

· Additional relevant competencies:

o Can do attitude

o Self-starter / Always taking initiatives

o Ability to work and progress with a very high level of autonomy, including on complex topics

(RCSA campaign, audit queries, control library definition, control applicability assessment,

etc.)

o Ability to lead projects or key meetings (eg: meetings involving senior participants (inc

SMFs) and/or a large number of participants, such as governance meeting)

o Ability to provide guidelines to other risk officers and follow-up on their delivery (whether

internal or external to the team)

o Ability to coach/mentor/manage new recruits or more junior colleagues

o Ability to understand quickly new Banking processes (for instance to assess the impact on

RCSA or to define a new control plan)

o Ability to adapt to (1) a changing environment of regulations, (2) higher internal control

standards, and (3) to a changing and larger scope of activity

o Ability to anticipate business / strategic evolution, analyse its impact and define action plans

o Analytical ability, while being able to highlight key messages in a synthetic manner

o Ability to meet deadlines (regulatory remediation, reporting, etc.)

o Strong ability to communicate clearly (oral and writing communication capacities), and in

particular to communicate efficiently with Top Management on various topics

Carbon60, Lorien & SRG - The Impellam Group STEM Portfolio are acting as an Employment Business in relation to this vacancy.