Operations Risk & Control Analyst (6m FTC)

ZipRecruiter; London; On-site; GBP 65,000 - 90,000; Full time

Job summary

A leading financial technology company in London seeks a key member for their Operations Risk & Controls Team. The ideal candidate will focus on enhancing operational risk reporting and ensuring compliance while leading a team. Applicants should possess strong analytical skills and leadership experience to drive process improvements.

Qualifications

• Proven track record in operational risk management.
• In-depth trade flow knowledge covering front-to-back functionality.
• Professional attitude with leadership capabilities.

Responsibilities

• Provide operational risk reporting and support for 1LOD functions.
• Manage team performance and workloads.
• Prepare risk reports for Operations Senior Management.

Skills

Big Data Analytics

PowerBI/PowerQuery

Risk Reporting (KRI/MI)

Leadership

Critical Thinking

Logical Approach

Creative Solutions

Change Management

Collaboration

Job description

Job Description

Company Summary

Built upon the foundation of innovative technology and exceptional talent, BGC Partners is a pioneering global brokerage and financial technology company servicing the financial markets. We are agile and dynamic in our approach, delivering world-class products to our diverse customer base daily. Our Financial Services business provides a full range of trade execution and broker-dealer services. The benefit of BGC’s integrated platform is that it gives customers flexibility and choice in price discovery, execution, and processing of their transactions, through voice, hybrid, or fully electronic brokerage options. In addition, our BGC Trader and BGC Market Data platforms offer financial technology solutions, market data and analytics related to financial instruments and markets.

Company Values: Act with Integrity - Work with Commitment - Create Opportunity

Team Role and Overview

Team Vision – “Impacting the Future of Operations, One Problem at a time!”

Our Mission Statement - Showing the future of Operational changes for the better of the employee’s and the company. Creating a Central Hub of Business Intelligence with a new way of thinking at its core. Being the pioneers of process change, we will be at the front of the business with process improvements. With a team of natural leaders which are SME’s in all our fields within operations, having detailed knowledge of the Trade Flow and Business practices. We do this by producing integral stats around performance KRI and MI for senior management and business planners. We also supply key presentations of this information along with easy-to-follow flow charts mapping the business practices as a group.

Key Skills Required

• Big Data Analytics
• PowerBI/PowerQuery
• Risk Reporting (KRI/MI)
• Leadership
• Critical Thinking
• Logical Approach
• Creative Solutions
• Change Management
• Collaboration

Job Responsibilities:

As a key member of the Operations Risk & Controls Team, you will provide daily support for 1LOD functions, focusing on improving operational risk reporting, global cash/stock reconciliations, and ensuring compliance with daily client money requirements for FSA reporting.

Knowledge of Financial Products and Regulations:

1. In-depth trade flow knowledge covering full front-to-back functionality.
2. Extensive knowledge of CASS Rules 6/7.
3. Strong understanding of cash equity, cash derivatives, and fixed income products.
4. Comprehensive understanding of the regulatory framework and requirements impacting operations.
5. Proficient in cash/stock reconciliations and reporting.

Teamwork and Leadership:

1. Proven track record of achieving results by leveraging team and peer collaboration.
2. Ability to work efficiently under strict deadlines and in high-pressure situations.
3. Professional attitude with the capability to oversee team performance.
4. Skilled in prioritizing workloads to meet stakeholder and senior management demands.
5. Managing team workloads to ensure cross-training and adherence to service levels.
6. Setting clear objectives and conducting annual performance appraisals for team members.
7. Managing the departmental holiday rota, approving holidays, and arranging cover during absences.

Risk Management and Reporting:

1. Strong awareness of key risks impacting the firm and ability to assess operational control effectiveness.
2. Planning and organizing weekly risk reports for Operations Senior Management.
3. Preparing metrics and data for operations risk and regulatory requirements, including CMAR, ORCC, and daily management reporting tasks.
4. Communicating any client money breaches or items of risk to Operations Senior Management (OpRed).
5. Solid knowledge of operational risk processes (RCSA).
6. Awareness of month-end balance sheet substantiation controls.

Documentation and Compliance:

1. Ensuring departmental procedure notes are meticulously completed and updated.
2. Collaborating with SOX, internal, and external auditors to ensure timely closure of audit requests.
3. Acting as a liaison between Finance, Compliance, and other Business areas.

System and Process Improvement:

1. Leading and participating in operational projects and process re-engineering tasks.
2. Driving continual process improvement to ensure stakeholders receive exceptional service.
3. Providing quality assurance and reviewing all key operational processes.