Controls Oversight Framework

6 month contract - Investment Banking - Inside IR35

Core accountabilities of role

1. Direct Responsibilities

Design and implement the oversight framework of controls performed by hubs on behalf of the

London branch, with a particular focus on financial security controls.

Support UK Senior Management to view a holistic picture of the financial security 1 LoD control

framework impacting London branch, within UK OPC scope.

Identify the various teams across international platforms (Portugal, Spain, India, France, etc) that

perform activities over UK processes (in scope of UK OPC: GB, CBK, FIC, etc .

Define a setup to:

collect key data required for the oversight framework from these teams on a regular basis

streamline the data collection process (e.g: control results extraction through system reports)

Build a master file to track all key data related to hubs (controls, RCSA, etc)

analyse these data to identify potential risks trigger. This will require to review RCSAs, controls,

incidents, recommendations, action plans, procedures, audit results, etc.

report into the relevant UK Committees the key highlights (eg: control execution results, control

updates, significant issues to escalate and actions status).

attend the regular outsourcing governance meetings organized by each Hub where risk management

data is presented.

challenge Hub reports to ensure their exhaustiveness, accuracy, and overall relevance; this will

require regular exchanges with colleagues in the Hubs to deep dive on specific information included

in their report

Perform critical 1LoD Financial security control testing related to UK, where required

Liaise with UK stakeholders (Compliance, Operations, Business) on key topics requiring their

opinions.

prepare reporting feeding into UK committees (e.g: Financial Security Oversight Committee) with the

key highlights.

address queries raised by UK Management on the various reports

2. Other operational risk management missions

Support the UK OPC team in any other mission such as the preparation of committee slides, the

comparison of UK and Hub risk assessments, the execution of controls

Similarly, the oversight framework SPOC will benefit from other team members' experience on

implementing an operational risk management framework.

Knowledge, Skill and Experience

Hard skills:

Strong understanding of Banking regulations, specifically those related to Financial Security topics

(Anti money laundering, Sanctions, anti-Bribery & corruption)

Extensive knowledge of CIB Banking activities (eg: Global Banking, FIC, CBK, Global Markets,

Securities Services)

Required experience of Operational Risk through previous roles/experience in 1/2/3 LOD (eg:

Compliance, Internal audit, RISK, etc)

Proven experience of identifying issues in processes and controls, and subsequently assessing,

reporting, mitigating and monitoring them (eg through RCSA)

Controls testing experience

Experience in managing projects is a key bonus (eg: regulatory remediation, implementation of a

new activity, offshoring of processes, etc)

Ability to handle and analyse large volume of data received in various report formats, to ensure key

messages are communicated to Senior Management

Ability to use Excel and PowerPoint proficiently, and to be quickly efficient using internal risk

management tools (360, ORUS, Aurora, etc)

Soft skills:

Must have:

o a highly curious mindset

o a strong critical thinking

o attention to details

Additional relevant competencies:

o Can do attitude

o Self-starter / Always taking initiatives

o Ability to work and progress with a very high level of autonomy, including on complex topics

(RCSA campaign, audit queries, control library definition, control applicability assessment,

etc.)

o Ability to lead projects or key meetings (eg: meetings involving senior participants (inc

SMFs) and/or a large number of participants, such as governance meeting)

o Ability to provide guidelines to other risk officers and follow-up on their delivery (whether

internal or external to the team)

o Ability to coach/mentor/manage new recruits or more junior colleagues

o Ability to understand quickly new Banking processes (for instance to assess the impact on

RCSA or to define a new control plan)

o Ability to adapt to (1) a changing environment of regulations, (2) higher internal control

standards, and (3) to a changing and larger scope of activity

o Ability to anticipate business / strategic evolution, analyse its impact and define action plans

o Analytical ability, while being able to highlight key messages in a synthetic manner

o Ability to meet deadlines (regulatory remediation, reporting, etc.)

o Strong ability to communicate clearly (oral and writing communication capacities), and in

particular to communicate efficiently with Top Management on various topics

Carbon60, Lorien & SRG - The Impellam Group STEM Portfolio are acting as an Employment Business in relation to this vacancy.