Risk and Controls Analyst (Monitoring & Testing)

TN United Kingdom; Birmingham; On-site; GBP 40,000 - 70,000; Full time

Job summary

An innovative firm is seeking a Risk and Controls Analyst to join their Birmingham team. This role is crucial in monitoring and testing processes within Asset & Wealth Management, ensuring compliance and operational efficiency. The successful candidate will develop a deep understanding of risk profiles, advise on risk mitigation, and collaborate closely with various teams. If you have a passion for risk management and a strong analytical mindset, this is an exciting opportunity to make a significant impact in a dynamic environment.

Qualifications

• Strong understanding of risk management and asset management principles.
• Excellent communication and analytical skills are essential.

Responsibilities

• Monitor and test processes to ensure regulatory compliance and operational efficiency.
• Develop control QA and monitoring frameworks to enhance risk management.

Skills

Asset & Wealth Management

Risk Management

Analytical Skills

Communication Skills

Control Mindset

Time Management

Interpersonal Skills

Job description

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Risk and Controls Analyst (Monitoring & Testing), Birmingham

Client:

Location: Birmingham, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Reference: 0e38aeb7ef18

Job Views: 3

Posted: 08.05.2025

Expiry Date: 22.06.2025

Job Description:

Contract Role: Risk and Controls Analyst/Associate (Monitoring & Testing)

Contract Location: Birmingham, onsite Monday to Friday, 08:30 – 18:30hrs

Contract Start: ASAP (PAYE inside IR35)

This is an exciting opportunity to join Deloitte Operation for an engagement with one of our premiere Asset & Wealth Management clients.

Our Impact

We are looking for an Analyst/Associate to serve as a member of the Monitoring & Testing function in Birmingham, a critical role within the Asset & Wealth Management Strategic Transformation Office. By executing monitoring and testing processes and identifying potential risks and control weaknesses, this position contributes directly to the firm’s success by ensuring regulatory compliance, protecting client assets, and improving operational efficiency.

The Monitoring & Testing function will implement an evaluation framework to continuously monitor the efficacy of our clients' processes, systems, and controls, and ensure their performance and compliance through robust testing methods, positioning itself as a critical function in mitigating risk within Asset & Wealth Management and the business as a whole. This partnership with strategic efforts across the firm allows for close collaboration with the other three functions of the Asset & Wealth Management Strategic Transformation Office, providing opportunities for experience and influence in other areas.

• Develop an in-depth knowledge of the operational risk and control profile across Asset & Wealth Management
• Advise, challenge, inform the businesses on recommended ways to mitigate risk; review action items to ensure that risk is being sufficiently addressed
• Sets the tone from the top: Acts as a culture carrier by embedding & propagating a risk mindset and awareness within the team, region & globally
• Identify ways to share risk best practice across teams and functions, and with other business lines where like processes exist or there is exposure to similar risk
• Partner with the business lines to understand the residual risks that exist after issues are resolved and engage across the front to back to apply lessons learned to improve our risk and control framework
• Risk analysis: Work with stakeholders to develop KRIs / KPIs to monitor operational health, drive the risk agenda, highlight concerns, and develop/remediate plans

QA & Technical responsibilities

• Develop Control QA & Monitoring framework. Identify continuous improvement mechanisms based on evolving changes in processes, regulations & platforms
• Design tests for data quality, lineage, and controls across products, business lines, and processes, including manual and systematic data
• Define test scripts, execute tests, and follow-up actions, integrating with the broader risk management framework
• Partner with developers and low-code specialists to develop tooling for test execution and reporting
• Collaborate with BI team to build data models and visualizations for reporting
• Maintain relationships with control and data organizations to adapt test suites as the environment changes
• Execute test suites using manual and automated techniques, and incorporate results into risk management activities
• Coordinate risk management delivery with divisions like Compliance, Legal, Risk, and Internal Audit, and support regulatory interactions

Skills & Qualifications

• Solid understanding of Asset & Wealth Management and risk management experience
• Self-starter with a strong control mindset and passion for risk management
• Excellent communication skills across stakeholders
• Strong analytical skills and attention to detail
• Innovative with a focus on control enhancements and automation
• Ability to analyze data and identify trends
• Effective time management and multitasking skills
• Mentoring and coaching abilities
• Motivated to improve and broaden knowledge
• Strong interpersonal skills for global collaboration
• Awareness of market trends
• Aptitude for handling large data sets and synthesizing information
• Proven track record of delivering impactful outcomes