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- Tasks: Join our team to monitor and test risk controls in Asset & Wealth Management.
- Company: Deloitte Operations is a leading firm in financial services, focused on innovation and excellence.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and collaboration.
- Why this job: Make a real impact by ensuring compliance and improving operational efficiency in a prestigious firm.
- Qualifications: A solid understanding of risk management and excellent analytical skills are essential.
- Other info: This is a contract role based in Birmingham, with a Monday to Friday schedule.
The predicted salary is between 36000 - 60000 £ per year.
Contract Role: Risk and Controls Analyst/Associate (Monitoring & Testing)
Contract Location: Birmingham, onsite Monday to Friday, 08:30 – 18:30hrs
Contract Start: ASAP (PAYE inside IR35)
This is an exciting opportunity to join Deloitte Operations for an engagement with one of our premier Asset & Wealth Management clients.
Our Impact
We are looking for an Analyst/Associate to serve as a member of the Monitoring & Testing function in Birmingham, a critical role within the Asset & Wealth Management Strategic Transformation Office. By executing monitoring and testing processes and identifying potential risks and control weaknesses, this position contributes directly to the firm’s success by ensuring regulatory compliance, protecting client assets, and improving operational efficiency.
The Monitoring & Testing function will implement an evaluation framework to continuously monitor the efficacy of our clients' processes, systems, and controls, and ensure their performance and compliance through robust testing methods, positioning itself as a critical function in mitigating risk within Asset & Wealth Management and the business as a whole. This partnership with strategic efforts across the firm allows for close collaboration with the other three functions of the Asset & Wealth Management Strategic Transformation Office, providing opportunities for experience and influence in other areas.
- Develop an in-depth knowledge of the operational risk and control profile across Asset & Wealth Management
- Advise, challenge, and inform the businesses on recommended ways to mitigate risk; review action items to ensure that risk is being sufficiently addressed
- Sets the tone from the top: Acts as a culture carrier by embedding & propagating a risk mindset and awareness within the team, region & globally
- Identify ways to share risk best practices across teams and functions, and with other business lines where like processes exist or there is exposure to similar risk
- Partner with the business lines to understand the residual risks that exist after issues are resolved and engage across the front to back to apply lessons learned to improve our risk and control framework
- Risk analysis: Work with stakeholders to develop KRIs/KPIs which can be used to monitor operational health of our framework. Use these to drive the risk agenda with the leadership group, highlight areas of concern, and partner with line managers to develop, execute, and monitor progress on remediation plans
QA & Technical responsibilities
- Develop Control QA & Monitoring framework. Identify continuous improvement mechanisms to strengthen the framework based on ever-evolving changes in process, regulations & platforms
- Work 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 data
- Develop methodologies to define test scripts, execute tests, including frequency, sampling, evidencing, and follow-up actions which integrate with the broader Divisional risk management framework and datasets
- Partner with developers and low-code specialists to develop tooling to support test execution, record keeping, and reporting
- Work with our BI team in building data models / data visualization for generating multidimensional reporting
- Maintain strong relationships and connectivity with the broader control and data organizations to enable maintenance of the test suites as the operating and control environment changes
- Execute test suites using manual and automated techniques, and integrate results into the broader risk management framework, including control enhancements and risk assessments
- Coordinate end-to-end risk management delivery with other Divisions, such as Compliance, Legal, Risk, and Internal Audit, as well as support regulatory interactions
Skills & Qualifications
- Solid understanding of the Asset & Wealth Management franchise and experience within a risk management context are required
- An energetic self-starter with a strong control mindset and a passion for risk management
- Excellent communication skills to clearly articulate issues and ideas with different levels across Asset & Wealth Management stakeholders
- Strong analytical skills with an ability to understand complex workflows and excellent attention to detail
- Innovative, including a keen eye for identifying areas of control enhancements and automation which have practical value. Good influencing skills to challenge the status quo and continuously enhance the control environment
- Ability to perform data analytics using metrics to identify trends and themes
- Sound time management skills to effectively prioritize and multi-task
- A mentor / coach to juniors in the team
- Drive and motivation to improve personal performance, broaden knowledge, work towards challenging goals, and persist in the face of obstacles or setbacks
- Good interpersonal and teamwork skills to collaborate as a global team and build strong relationships with key stakeholders across divisions
- Keeps current with emerging business, economic, and market trends
- Aptitude for handling large data sets, synthesizing a variety of information to summarize a profile
- Track record of delivering and enhancing measurable, impactful business outcomes and products
Risk and Controls Analyst (Monitoring & Testing) employer: Deloitte - Recruitment
Contact Detail:
Deloitte - Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk and Controls Analyst (Monitoring & Testing)
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in Asset & Wealth Management. This knowledge will not only help you understand the role better but also demonstrate your commitment to staying updated, which is crucial for a Risk and Controls Analyst.
✨Tip Number 2
Network with professionals in the risk management field, especially those working in Asset & Wealth Management. Attend industry events or webinars to connect with potential colleagues and learn about their experiences, which can provide valuable insights into the role.
✨Tip Number 3
Develop your analytical skills by engaging in projects that involve data analysis and risk assessment. Being able to showcase your ability to interpret complex data and identify trends will set you apart as a strong candidate for this position.
✨Tip Number 4
Prepare to discuss specific examples of how you've contributed to risk management or control enhancements in previous roles. Having concrete instances ready will illustrate your practical experience and problem-solving abilities during interviews.
We think you need these skills to ace Risk and Controls Analyst (Monitoring & Testing)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management and operational controls, particularly within the Asset & Wealth Management sector. Use specific examples that demonstrate your analytical skills and understanding of complex workflows.
Craft a Compelling Cover Letter: In your cover letter, express your passion for risk management and your understanding of the role's impact on regulatory compliance and operational efficiency. Mention how your skills align with the responsibilities outlined in the job description.
Highlight Relevant Skills: Emphasise your strong communication skills, attention to detail, and ability to perform data analytics. Provide examples of how you've successfully identified control enhancements or automated processes in previous roles.
Showcase Team Collaboration: Demonstrate your ability to work as part of a global team by sharing experiences where you collaborated with various stakeholders. Highlight any mentoring or coaching roles you've taken on, as this aligns with the company's values.
How to prepare for a job interview at Deloitte - Recruitment
✨Understand the Role and Responsibilities
Make sure you have a solid grasp of what a Risk and Controls Analyst does, especially in the context of Monitoring & Testing. Familiarise yourself with the key responsibilities outlined in the job description, such as identifying risks and control weaknesses, and be ready to discuss how your experience aligns with these tasks.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical abilities during the interview. Be ready to discuss specific examples where you've successfully identified trends or themes from data, and how you've used those insights to drive improvements in risk management or operational efficiency.
✨Communicate Effectively
Strong communication skills are crucial for this role. Practice articulating complex ideas clearly and concisely, as you'll need to convey information to various stakeholders. Consider preparing a few scenarios where you've had to explain technical concepts to non-technical audiences.
✨Emphasise Your Teamwork and Mentoring Skills
This position requires collaboration across different teams and mentoring juniors. Be prepared to share examples of how you've worked effectively in a team setting and any experiences you've had in coaching or guiding less experienced colleagues.
