Risk & Control Business Analyst- (Retail Banking) (m/f/d) | London, UK | Hybrid

Risk & Control Business Analyst- (Retail Banking) (m/f/d)

Risk & Control Business Analyst- (Retail Banking) (m/f/d)

Emagine Consulting London, United Kingdom

Using insight and information from various factors this role will be responsible for ongoing monitoring of the 1LoD risk and control profile and supporting all related activities including Risk and Control Self Assessments (RCSA),

Risk & Control Business Analyst- (Retail Banking)

London (Hybrid) x3 Days on-site

emagine is a high-end professional services consultancy and solutions firm Specialising in providing business and technology services to the financial services sector, we power progress, solve challenges and deliver real results through tailored high-end consulting services and solutions.

We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication in delivering the optimal service for our clients. Our commitment is not just towards our clients but we aim to foster a positive and equitable working environment with our consultants and colleagues which stems from our core values: Confident, Dedicated, Responsible, Genuine.

We are currently looking for a dynamic individual to join our Risk Practice as a Business Analyst, delivering key projects as part of our 1LoD Risk and Control team that will support the operational leadership teams by; driving effective governance and management of non-financial risks in the 1LoD. Partnering with Risk and Control Owners to serve as trusted advisors and create a culture of effective and consistent risk management, oversight and reporting.

Using insight and information from various factors this role will be responsible for ongoing monitoring of the 1LoD risk and control profile and supporting all related activities including Risk and Control Self Assessments (RCSA), Oversight of Issues and Actions, Event Management, Risk Reporting and provision of training.

The Role:

Work with Risk and Control owners by providing advice, challenge and input on key decisions, ensuring Risk and Control owners are aware and accountable and enabling them to clearly articulate and manage their risk profile.

Interpreting and communicating regulatory changes, ensuring that all findings are recorded and followed up with appropriate stakeholders / teams

Ensuring that compliance with external regulations is reflected in internal policies, procedures and the control environment

Review existing controls relating to their effectiveness in mitigating identified risks, identifying gaps in controls, and recommending improvements.

Maintain and enhance control library ensuring ongoing alignment with risk framework, risk appetite and evolving business processes.

Enhance control taxonomy ensuring clear and consistent application across all Risk and Control Assessments (RCSAs).

Develop new controls or enhance existing ones to address identified risks, including documenting control procedures and ensuring their proper implementation

Develop and execute control testing plans covering manual and automated control testing approaches.

Manage control remediation activities of ineffective/weak controls and control gaps ensuring timely resolution, retesting and embedding into the control environment with clear action plans and ownership.

Design and management of risk reporting and metrics providing senior management with oversight of key themes, risks and issues for attention.

Collaborate with 2LoD/3LoD functions including operational risk and compliance to ensure ongoing alignment across RCSAs and ongoing monitoring of controls.

Awareness of regulatory principles and regulation changes that are on the horizon and/or that may be of interest.

Key contributor to the ongoing development of a risk aware culture within the 1LoD.

Key Skills and Experience:

To succeed in this role, you will need:

Proven experience as a Business Analyst, with 3-5 years in risk management, RCSAs and risk reporting

Solid understanding/experience working across; 1LOD/2LOD/3LOD.

A proactive approach to managing workloads and ‘can do’ attitude, along with ability to use initiative, taking ownership and seeing things through.

Ability to challenge the status quo, helping us shape risk operations to be the best in class across financial services.

Experience in the management of regulatory compliance and conduct risks regulations e.g Consumer Duty, CONC etc

A good understanding of risk and control, FCA regulatory environment and Consumer Duty.

An understanding of risk management frameworks is essential.

Experience in Retail Banking is essential.

Our people

The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle, from strategy to implementation. This will provide you with a broad base of experience from which to build an outstanding career.

The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle.

We pride ourselves on;

Providing our people with a supportive culture, rooted in our values and driven by our purpose.

Promoting a culture of inclusion, collaboration, well-being, and learning and development.

Providing increased agility and flexibility within our hybrid working model

Investing in employees’ growth through ongoing training and development

Autonomy to take ownership of projects, making decisions and demonstrating individual expertise

Providing an transparent performance and career management experience.

Our consultants are integral to delivering successful consulting engagements, addressing our clients’ most pressing business challenges, and build lasting value in disciplines such as:

Solve sophisticated, ambiguous business, change and technology problems, bringing structure and meticulous analysis and planning, acting, and taking decisions with little strategic direction

Build, develop and sustain trusted senior client relationships in the C-suite by remaining highly attuned to client needs

Drive, enable and support the business, partnering with our leaders, clients, and consultants across our practices to take the best of emagine to our clients through opportunity identification/qualification, solution development/presentation

Interested?

At emagine, we are committed to building an international and diverse team by embracing our different backgrounds.

If you are up to the challenge and would like to find out more, get in touch with us immediately, our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential.

“emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin”

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