Risk & Control Officer

JJ Associates; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A financial services firm in London is seeking a Risk and Control Officer to manage the 2nd line of defence regarding operational risk and control. The role involves developing control testing, supporting risk management, and maintaining operational resilience processes. Ideal candidates will have experience in banking, strong analytical skills, and the ability to engage with multiple stakeholders. This position offers an opportunity to thrive in a dynamic and evolving environment.

Qualifications

• Experience in banking/financial services, with understanding of risk and compliance.
• Familiarity with banking industry risk regulations and practices.
• Ability to manage multiple deadlines and attention to detail.

Responsibilities

• Develop operating effectiveness control testing to address control weaknesses.
• Support teams in developing new controls and processes.
• Embed risk management practices through stakeholder relationships.
• Identify and report operational incidents and assurance testing.
• Maintain Operational Resilience monitoring and assessment processes.
• Create management information for risk reporting.

Skills

Risk management

Incident analysis

Control testing

Communication

Attention to detail

Stakeholder engagement

Job description

Small London-based bank is looking for a Risk and Control Officer to manage the 2nd line of defence (2LOD) regarding operational risk and control.

Responsibilities

1. Developing operating effectiveness control testing to ensure understanding of the control landscape and address control weaknesses within a banking environment.
2. Supporting teams in developing new controls and processes to create lasting solutions for minimising exposure to people, conduct, and operational risks.
3. Embedding good risk management practices through building positive relationships with stakeholders across the three lines of defence.
4. Identifying and reporting operational incidents and assurance testing to help the bank draw up mitigating actions and/or remedial plans.
5. Maintaining the bank's Operational Resilience monitoring and assessment processes, reporting to Senior Management to provide assurance that the bank remains compliant with regulatory requirements.
6. Creating management information for inclusion in Operational risk reporting packs, audit, and compliance assurance requests, to adhere to regulatory requirements.
7. Providing cover as needed.

You should apply if you:

• Have worked in banking/financial services, a regulated environment, with some experience and understanding of risk, controls, and/or compliance.
• Have experience within risk management, incident analysis, risk reporting, and control testing.
• Have a good understanding of banking industry risk regulation/standards and practices and are keen to learn more.
• Are curious and collaborative — you’re great at asking incisive questions to understand issues, get to the bottom of problems, and act on them quickly.
• Are a communicator, able to facilitate discussions and influence others to gather meaningful feedback and support on your work.
• Thrive when managing multiple deadlines through to completion and have excellent attention to detail.
• Are resilient and comfortable working in an evolving and challenging environment.
• Are hands-on and great at execution.
• Are a self-starter and autonomous, able to make prioritisation decisions.

(2nd line of defence (2LOD) regarding operational risk and control, conduct risk, people risk, testing, reporting, regulations).