Risk and Controls Associate

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 AssociateContract Duration Initially 6 months (with possibility of extension and potential permanent role)Pay £295Pay Framework Inside IR35 (Umbrella Company)Location Birmingham, onsite Monday to Friday (office based)Hours 08:30 – 18:30Risk & Control Responsibilities Develop an in-depth knowledge of the operational risk and controls within the companyReview possible risks and offer support on mitigating these risksIdentify ways to share risk best practiceProduce \”lesson learned\” reports to ensure future risk is mitigatedMonitor operational strength of frameworksDevelop, execute and monitor progress on remediation plansSupport and help analysts review frameworksOffer advice to team membersQA & Technical Responsibilities Develop Controls & Monitoring framework.Identify continuous improvement mechanisms to strengthen frameworks based on changes in process, regulations & platformsWork 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 dataReview and assess colleagues\’ findingsDevelop methodologies to define test scripts, execute tests, including frequency, sampling, evidencing, and follow-up actionsWork with developers and code specialists to develop tools to support test execution, record keeping, and reportingReview reports produced by team membersWork with department teams to build data models / data visualization and reportsExecute test suites using manual and automated techniques, and integrate results into the broader risk management framework, including control enhancements and risk assessmentsCoordinate end-to-end risk management delivery with other divisions, such as Compliance, Legal, Risk, and Internal Audit, as well as support regulatory interactionsRequirements Experience within risk management within the Asset & Wealth Management sector5+ years experience viewing risk within Wealth and finance industryExcellent communication skills with stakeholders and other departmentsStrong analytical skills with an ability to understand complex workflows, and excellent attention to detailA keen eye for detail and identifying areas of control, changes and automationAbility to perform data analytics using metrics to identify trends and themesKeeps current with emerging business, economic and market trendsAbility to work with and analyze large data setsTrack record of delivering and enhancing measurable, impactful business outcomes and productsSend your CV to busybee@dianaduggan.co.uk

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