Investment Business Control Associate

Business Area: Operations

Place of Work: London

Contract Type: Permanent

When you join USS, the size and scale of our pension scheme means you will have numerous opportunities to learn and develop your career. Given our size you'll have real autonomy and influence as you collaborate closely with a wide-ranging team of experts.

About the role

In your role as Investment Business Control Associate you will make a meaningful and valued contribution from the outset. This role will provide a great opportunity to support the development of the 1st line oversight of the Investment Business in line with USS strategic objectives. The main purpose of the team is to ensure that the investment business operates with controlled, efficient, and resilient capabilities.

What you will be doing:

• Contributing to the successful implementation of the new Supplier Provider oversight framework in USSIM.
• Collaborate with the project manager, contract owners, and relevant parties to roll out and then maintain the new operating model for managing suppliers and third-party risk in USSIM.
• Facilitating the implementation and execution of the new Control Framework in the investment business, including supporting USSIM Risk Champions to identify, map, and assess their team's key controls, as well as conducting Risk and Control Self-Assessment (RCSA) activities.
• Supporting the delivery of key IBC reporting, encompassing the Quarterly Assurance Map, Key Performance Indicators monitoring, and the Service Providers scorecard.
• Assisting the Head of IBC in delivering Operational & Cyber Resilience activities, ensuring that investment business services can operate during disruptions by conducting scenario testing and business impact assessments to identify areas of vulnerabilities.
• Reviewing COO operational risk events, carrying out root cause analysis, identifying remedial action, and providing reporting to Senior Management.
• Performing first-line process reviews to identify areas for improvement, proposing changes, and managing delivery with stakeholders.
• Supporting the maintenance of the SMCR 'Reasonable Steps Framework', ensuring that SMFs' responsibilities are clearly allocated across the business and supported by robust governance.

About you

We know that sometimes people can be put off applying for a job if they don't tick every box. If you're excited about working for us and have most of the skills or experience we're looking for, then please apply, regardless of whether you meet all the requirements outlined in this profile.

To be successful in the role you will have:

• Good knowledge of financial services, investment products, and regulations.
• Demonstrable experience in Risk & Control Management or Business Management activities.
• Strong interpersonal skills – in particular, stakeholder management and influencing skills.
• Proficiency in MS Office programs and, preferably, ability to manage data in Power BI.
• High standard of written communication for Senior Management and Board level reporting.

Why join us?

At USS, every individual contributes to building a secure financial future for our members and their families. We strive to create a work environment where everyone can thrive professionally while making a meaningful impact on the lives of others. We're also committed to helping you build your career by providing opportunities for development. We put a focus on recognising and supporting each individual's unique career path, driving this forward with the support of an engaged and proactive management team. Here at USS, we want you to thrive in and out of work with a friendly team, flexible culture, and excellent range of benefits!

How we will reward you:

• Great starting salary
• Generous annual leave package
• Access to a high-quality pension scheme provided through Universities Superannuation Scheme
• Supportive people policies (including enhanced occupational sickness pay and family-friendly pay)
• Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
• Access to a range of health and wellbeing services, private healthcare, discounted gym membership
• Learning and development opportunities to develop your skills, knowledge, and talent
• Employee Volunteer Days to support the communities where you work and live
• Cycle to Work Scheme

Our culture and values

Our people are what makes us different. We work together to create a diverse and inclusive culture that embraces individuality, where people are welcomed and feel comfortable in the knowledge that they can be themselves. Our purpose firmly states the importance of members, putting them ‘front and centre’ of what we do. This is embedded through our values:

• Integrity
• Collaboration
• Excellence

About us

Universities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and higher education institutions in the UK. We work with around 330 employers to help build a secure financial future for more than 528,000 members and their families. We are one of the largest pension schemes in the UK, with total assets of around £ (at 31 March 2023).

USSIM is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent. We want all candidates to perform at their best during the recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know.