Control Testing Associate

Job Description

Bank of London is one of only six UK clearing banks with direct access to the country's payment systems.

Built on modern, cloud‑native technology, we provide businesses with secure, API‑driven banking that's fast, compliant, and built for growth.

Our role is simple: help ambitious businesses turn their plans into reality by removing barriers and simplifying complexity.

If you want to work where technology meets banking, where security comes first, and where your work directly enables business ambition, you're in the right place.

Office Location: London | Hybrid (3 days in office per week) | Salary range: £60,000 - £70,000

Who we are looking for

We’re looking for someone who can help strengthen the way Bank of London runs by testing whether key business controls work in practice across operations, people, finance, governance, and other business areas.

This is a business-facing control testing role, focused on understanding processes, reviewing evidence, asking good questions, identifying practical improvements, and giving teams clear, evidence-based insight they can act on.

The role also provides additional coverage for validating relevant regulatory reports and compiling and documenting evidence for submission.

This is a supporting element of the role, with the core responsibility centred on broad business control testing and assurance.

Job Requirements

Experience

• 5–7 years’ experience in financial services, banking preferred, with exposure to business operations, process controls, risk management, or assurance activity.
• Minimum 3–5 years’ experience in control testing, control assurance, internal audit, operational risk, or similar business control review activity within a banking or regulated financial services environment.
• Experience reviewing process evidence and documenting conclusions clearly; exposure to regulatory reporting validation is helpful.
• Business control testing skills
• Strong understanding of what makes a control effective, including good design, consistent operation, clear ownership, and reliable evidence.
• Ability to write clear and simple control testing documentation.
• Strong analytical skills and confidence working with business data and evidence, including using Excel to sample, reconcile, test, and explain what the results mean.
• Ability to manage competing priorities and keep work moving across different teams.
• Comfortable working independently and taking initiative.
• Resilient and adaptable in a dynamic environment.
• Tools
• Prior experience with GRC tools is highly desirable.
• The role may involve using Excel and GRC tools to manage testing, evidence, findings, and actions across business processes.
• Behaviours
• Curious and confident in asking good questions, testing assumptions, and challenging constructively while keeping relationships strong.
• Detail-oriented, with high standards for documentation and evidence.
• Reliable and accountable, with a practical mindset and a focus on solving problems, not just identifying them.
• Comfortable working across first and second line expectations, adapting to changing priorities while staying pragmatic and outcome-focused.
• Job Responsibilities
• Business control testing and control assurance
• Shape and deliver the annual control testing plan across business areas such as operations, people, finance, governance, and regulatory processes by agreeing priorities and scope, setting a practical timetable, and working with control owners and operators so testing is focused, timely, and useful.
• Test business controls in line with the Bank’s Control Testing Standard by assessing design and operational effectiveness and clearly documenting any deficiencies identified as Control Findings where effectiveness is materially compromised, or Control Improvement Points where improvements are needed but effectiveness is not materially compromised.
• Document and review objective evidence that demonstrates control operation, retaining clear, complete, and audit‑ready records.
• Document test steps, sample selection rationale, results, and testing conclusions.
• Track remediation actions raised from findings and support timely closure, escalating where needed.
• Risk alignment and stakeholder management
• Work closely with Control Owners, Control Operators, Risk Owners, and second line colleagues to support consistency in testing practices and evidence standards.
• Contribute to governance, monitoring, and reporting on control testing activity, outcomes, and open actions.
• Translate testing outcomes into practical, plain-English observations that help business teams improve processes and strengthen day‑to‑day control operation.
• Regulatory reporting validation as additional coverage
• Provide additional support for validating and evidencing relevant regulatory reports, including reasonableness checks and reconciliation of supporting evidence.

The role suits someone who is comfortable reviewing evidence, testing process outcomes, and documenting clear conclusions across a range of business activities.

• Job Benefits
• Competitive salary package
• 25 days annual leave plus Bank Holidays
• Holiday allowance that increases with length of service
• Birthday leave
• Enhanced company pension offering (up to 20% salary sacrifice)
• Competitive sick pay
• Life Assurance – 4x annual salary
• Critical Illness Insurance
• Private Medical Insurance with comprehensive cover for you and your family
• Personal Benefits Allowance to purchase Salary Sacrifice Benefits (Cycle to Work, PG Protect, Dental Insurance)
• 24/7 GP service, virtual physiotherapy, eye care, prescriptions, and health apps.
• Digital counselling, virtual mental health support, and Employee Assistance Programme
• Digital fitness classes and discounted gym memberships.
• Market leading parental leave
• Fresh daily fruit and snacks
• Bi‑weekly office breakfasts
• Peer-to-peer recognition programme with monthly value awards
• Clear goals and performance development framework
• Diversity

Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging.

All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, disability, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.

• Salary
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