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- Tasks: Monitor and test processes to identify risks and improve operational efficiency.
- Company: Join a leading Asset & Wealth Management company focused on regulatory compliance.
- Benefits: Competitive pay, potential for contract extension, and a chance for a permanent role.
- Why this job: Be part of a dynamic team that enhances client asset protection and drives impactful change.
- Qualifications: Experience in risk management, strong analytical skills, and excellent communication abilities required.
- Other info: Office-based role in Birmingham, Monday to Friday, with a structured work schedule.
The predicted salary is between 36000 - 60000 £ per year.
Our client is looking for Risk and Controls Analysts to support an Asset & Wealth Management company. You will be a key member of the Monitoring & Testing function whereby you will monitor and test processes and identify potential risks and control weaknesses. You will be ensuring regulatory compliance, protecting client assets, and improving 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.
Contract Duration: initially 6 months (with possibility of extension and potential permanent role)
Pay: £200 – £245 per day
Pay Framework: inside IR35 (Umbrella Company)
Location: Birmingham, onsite Monday to Friday (office based)
Hours: 08:30 – 18:30
Risk & Control responsibilities:
- Develop an in-depth knowledge of the operational risk and controls within the company
- Review possible risks and offer support on mitigating these risks
- Identify ways to share risk best practices
- Produce “lesson learned” reports to ensure future risk is mitigated
- Monitor operational strength of frameworks
- Develop, execute, and monitor progress on remediation plans
QA & Technical responsibilities:
- Develop Controls & Monitoring framework.
- Identify continuous improvement mechanisms to strengthen frameworks based on 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
- Work with developers and code specialists to develop tools to support test execution, record-keeping, and reporting
- Work with department teams to build data models / data visualization and reports
- 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
Requirements:
- Experience within risk management within the Asset & Wealth Management sector
- Excellent communication skills with stakeholders and other departments
- Strong analytical skills with an ability to understand complex workflows, and excellent attention to detail
- A keen eye for detail and identifying areas of control, changes, and automation
- Ability to perform data analytics using metrics to identify trends and themes
- Keeps current with emerging business, economic and market trends
- Ability to work with and analyze large data sets
- Track record of delivering and enhancing measurable, impactful business outcomes and products
Send your CV to busybee@dianaduggan.co.uk
Contact Detail:
Dianaduggan Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk and Controls Analysts
✨Tip Number 1
Familiarise yourself with the latest trends in risk management, especially within the Asset & Wealth Management sector. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals already working in risk and controls roles. Attend industry events or join relevant online forums to connect with others in the field. This can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Prepare to discuss specific examples of how you've identified and mitigated risks in previous roles. Having concrete examples ready will demonstrate your analytical skills and attention to detail, which are crucial for this position.
✨Tip Number 4
Research the company's existing risk management frameworks and think about potential improvements or innovations you could suggest. Showing that you've done your homework and have ideas for enhancing their processes can set you apart from other candidates.
We think you need these skills to ace Risk and Controls Analysts
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, particularly within the Asset & Wealth Management sector. Use specific examples that demonstrate your analytical skills and attention to detail.
Craft a Strong Cover Letter: Write a cover letter that addresses the key responsibilities of the Risk and Controls Analyst role. Explain how your background aligns with their needs, focusing on your ability to identify risks and improve operational efficiency.
Showcase Your Skills: In your application, emphasise your communication skills and experience working with stakeholders. Provide examples of how you've successfully collaborated with different departments to enhance risk management processes.
Highlight Continuous Improvement: Discuss any previous experiences where you developed or improved frameworks for risk management. Mention specific methodologies or tools you used to execute tests and monitor compliance, as this will resonate with the company's focus on continuous improvement.
How to prepare for a job interview at Dianaduggan
✨Understand the Role Thoroughly
Before your interview, make sure you have a solid grasp of what a Risk and Controls Analyst does. Familiarise yourself with the specific responsibilities mentioned in the job description, such as monitoring processes and identifying risks. This will help you articulate how your skills align with the role.
✨Prepare for Technical Questions
Given the technical nature of this position, be ready to answer questions about risk management frameworks and data analytics. Brush up on relevant methodologies and be prepared to discuss how you've applied them in past roles. This shows your expertise and readiness for the challenges ahead.
✨Showcase Your Analytical Skills
During the interview, highlight your analytical abilities by discussing specific examples where you've identified risks or improved processes. Use metrics or data to back up your claims, as this demonstrates your capability to handle large data sets and derive meaningful insights.
✨Ask Insightful Questions
At the end of the interview, don’t hesitate to ask questions that show your interest in the company and the role. Inquire about their current risk management strategies or how they measure success in the Monitoring & Testing function. This not only shows your enthusiasm but also helps you gauge if the company is the right fit for you.
