Risk and Control Testing Associate

TN United Kingdom; Bournemouth; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Risk and Control Testing Associate to join their Testing Center of Excellence in Bournemouth. This role offers a unique opportunity to engage in independent risk evaluations and contribute to a strong control environment. You'll work closely with a large Controls Testing team, overseeing complex evaluations and collaborating with senior stakeholders. The position requires a strategic thinker with a solid background in risk management and control evaluations, ready to tackle key risk initiatives while ensuring compliance with regulatory standards. If you're passionate about driving solutions and mitigating risks, this role is perfect for you.

Qualifications

• 3+ years of experience in risk management or control evaluations in financial services.
• Strong understanding of regulatory requirements and risk management frameworks.

Responsibilities

• Lead control evaluations and testing to assess design and effectiveness.
• Collaborate with teams to enhance control design and compliance.

Skills

Risk Management

Control Evaluations

Analytical Skills

Communication Skills

Critical Thinking

Education

Bachelor's Degree in Finance or Related Field

Tools

Microsoft Office Suite

Job description

Risk and Control Testing Associate, Bournemouth

Location:

Bournemouth, United Kingdom

Job Category:

Other

EU work permit required:

Yes

Job Reference:

8f8571af0dc5

Job Description:

If you are a strategic thinker passionate about driving solutions and mitigating risk, you have found the right team. Join our Testing Center of Excellence, where you'll ensure a strong and consistent control environment across the firm. This role offers a unique opportunity to work with a large Controls Testing team and help establish a newly formed organization, providing a solid starting point within the firm.

As a Risk and Control Testing Associate in the Testing Center of Excellence, you will execute independent risk-based evaluations of control design and effectiveness to mitigate compliance, conduct, and operational risks. You will oversee complex evaluations of business processes, utilizing sophisticated data analytics and engaging with senior stakeholders. This role offers an exciting opportunity to work on key risk initiatives and contribute to the firm's compliance with regulatory obligations and industry standards.

Job responsibilities:

• Lead comprehensive control evaluations and substantive testing to assess control design and effectiveness.
• Ensure compliance with internal policies and external regulations, identifying necessary remediation actions.
• Collaborate with Compliance and Operational Risk Officers, developing test scripts and drafting reports.
• Apply advanced critical thinking to evaluate high-risk business processes and identify improvement areas.
• Proactively assess and monitor risks, implementing effective mitigation strategies.
• Collaborate with cross-functional teams to enhance control design and effectiveness.
• Develop and execute control test scripts to identify weaknesses and recommend solutions.
• Document test steps and results comprehensively, ensuring transparency and accountability.
• Lead meetings with business owners, delivering testing results and supporting control enhancements.

Required qualifications, capabilities, and skills:

• Minimum of 3 years of experience in risk management, control evaluations, or a related field within financial services.
• Strong understanding of industry standards and regulatory requirements.
• Ability to analyze complex issues and develop effective risk mitigation strategies.
• Proficient knowledge of risk management frameworks and industry best practices.
• Highly organized and detail-oriented, with a track record of managing multiple priorities.
• Strong analytical and communication skills, conveying complex information clearly.

Preferred qualifications, capabilities, and skills:

• Industry-recognized risk certifications such as CISM, CRISC, CISSP, CISA, CCEP, CRCM, CRCMP, or GRCP.
• Background in auditing and understanding of internal controls.
• Proficiency in Microsoft Office Suite, including Word, Excel, Access, and PowerPoint.