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- Tasks: Join our Chief Controls Office to manage and mitigate business risks effectively.
- Company: CLS Group is a leading financial services firm focused on risk management and control.
- Benefits: Enjoy flexible working options, competitive pay, and opportunities for professional growth.
- Why this job: Make a real impact in a dynamic environment while fostering a risk-aware culture.
- Qualifications: Ideal for candidates with experience in risk assessment or control remediation.
- Other info: This is a contract role based in London, perfect for those looking to advance their career.
The predicted salary is between 42000 - 56000 £ per year.
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Job information:
- Functional title – Business Risk and Control – Contractor
- Department – Chief Controls Office
- Report to – Executive Director, Chief Controls Office – Business Risk and Control
- Location – London
What you will be doing:
This is an exciting opportunity for a talented individual to join our Chief Controls office (CCO), a dedicated first line risk and control function. This role has arisen due to the expansion of responsibilities, offering the successful candidate the opportunity to make an impact and actively contribute to the evolution of the group.
As part of the CCO team, you will play a key role:
- Improving the oversight of non-financial risks, bringing risk and control subject matter expertise to partner with 1LOD business owners to proactively identify, assess and mitigate risks.
- Providing cross functional oversight across the first line, driving best practices and consistency in control standards for the effective control of risks to within risk appetite.
- Performing controls assurance testing across 1LOD, ensuring remediation plans are in place where appropriate, and partnering with 1LOD to establish a well understood and documented control environment.
- Driving behaviours to foster a risk-aware and risk intelligent culture where employees recognize their role as risk managers and the importance of the control framework.
What we’re looking for:
The role would suit candidates with 2LOD/3LOD experience looking for an opportunity to move into 1LOD, or candidates with 1LOD control/ control remediation/ validation experience.
The candidate is a key member of the CCO team who will work closely with 1LOD business owners in the management of risk and controls. This includes but not limited to:
- Develop and implement a robust risk and control approach to mitigate operational and compliance risks.
- Conduct risk assessments and control evaluations to identify gaps and process inefficiencies. Contribute to risk appetite statements and emerging risks.
- Oversee key risk indicators (KRIs) and key performance indicators (KPIs) to monitor business risk exposure. Review/challenge breaches to understand root causes, consult on lessons learned exercises and work with business owners to develop a ‘path to green’ where appropriate.
- Identify and deliver best practices in control standards across CLS and support the business in the identification of risks and controls.
Stakeholder Engagement
- Partner with business units, compliance, audit, and legal teams to enhance risk culture. Support audit engagements and work with the business to review the findings and define actions.
- Contribute to training and awareness programs on risk management and control best practices.
- Represent CCO in working groups as required.
- Oversee the identification, reporting, and resolution of risk incidents and control failures.
- Establish action plans to remediate issues, strengthen controls, and prevent recurrence consider design/operating effectiveness. Monitor and report on corrective actions
- Ensure timely closure of incident/issues actions and audit findings.
Testing strategy and execution
- Contribute to the development of CLS’s testing strategy and methodology
- Identify and deliver best practices in testing and control standards across CLS, engaging with the wider risk and controls teams to support continuous improvement
- Consistently deliver assigned components of the risk assessment and testing plan (RCSA – risk and control self-assessment) on behalf of risk and control owners including reporting progress, escalating concerns and closing out matters identified in testing
Data & Reporting
- Analyse risk trends and provide insights for proactive risk mitigation.
- Ensure accurate documentation and reporting of risk events, control testing, and remediation efforts.
Competencies required for successful job performance:
- Proven experience of risk assessment, controls assurance testing and control delivery/remediation, either from a 1LOD ownership perspective or 2LOD/3LOD validation.
- Ability to assess, design, and enhance control environments and to drive a risk-aware culture across business units.
- Strong problem-solving skills, with a proactive approach to risk mitigation.
- Strong written and verbal communication skills.
- Attention to detail is essential, demonstrating high standards to the control and oversight of risk.
- Knowledge of Financial Services, Financial Markets Utilities or another highly regulated industry sector is essential.
- Demonstrate strategic mindset, link individual activities to the wider landscape to see the big picture.
- Strong stakeholder management, influencing executives and senior leaders.
- Challenge the status quo, be a catalyst for change, driving and cultivating innovative thinking to solve complex problems. Ability to ‘speak up’, break down barriers and provide constructive challenge.
- Take professional pride in making a difference, being proactive and delivering best in class solutions, creating long term value by addressing root cause issues.
- Build effective working relationships with multiple internal and external stakeholders, negotiating effectively to bring different viewpoints together as appropriate.
Seniority level
-
Seniority level
Mid-Senior level
Employment type
-
Employment type
Contract
Job function
-
Job function
Quality Assurance, Project Management, and Accounting/Auditing
-
Industries
Financial Services, Banking, and Investment Banking
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Business Risk and Control (Contractor) employer: CLS Group
Contact Detail:
CLS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Risk and Control (Contractor)
✨Tip Number 1
Familiarise yourself with the key responsibilities of the role, especially around risk assessment and controls assurance. Understanding these areas will help you engage in meaningful conversations during networking or interviews.
✨Tip Number 2
Connect with current or former employees of CLS Group on LinkedIn. They can provide insights into the company culture and expectations for the Business Risk and Control role, which can be invaluable when preparing for discussions.
✨Tip Number 3
Stay updated on the latest trends in risk management and compliance within the financial services sector. This knowledge will not only enhance your discussions but also demonstrate your commitment to the field.
✨Tip Number 4
Prepare specific examples from your past experience that showcase your ability to identify and mitigate risks. Being able to articulate these instances clearly will set you apart during interviews.
We think you need these skills to ace Business Risk and Control (Contractor)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk assessment and controls assurance. Use specific examples that demonstrate your ability to identify and mitigate risks, as well as your familiarity with 1LOD and 2LOD environments.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Clearly outline how your skills and experiences align with the responsibilities mentioned in the job description, particularly your ability to foster a risk-aware culture.
Highlight Key Competencies: Emphasise your problem-solving skills, attention to detail, and strong communication abilities. Provide examples of how you've successfully managed stakeholder relationships and driven change in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that your documents are formatted professionally. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at CLS Group
✨Understand the Role
Before the interview, make sure you thoroughly understand the responsibilities of the Business Risk and Control role. Familiarise yourself with key terms like 1LOD, 2LOD, and 3LOD, as well as the importance of risk management in financial services.
✨Showcase Your Experience
Be prepared to discuss your previous experience in risk assessment and controls assurance testing. Highlight specific examples where you've successfully identified and mitigated risks, and how your actions contributed to a stronger control environment.
✨Demonstrate Stakeholder Engagement Skills
Since this role involves partnering with various business units, compliance, and audit teams, be ready to share examples of how you've effectively engaged with stakeholders in the past. Emphasise your ability to influence and negotiate with senior leaders.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's risk culture and the challenges they face in managing non-financial risks. This shows your genuine interest in the role and helps you assess if the company aligns with your career goals.
