Risk & Control Officer

dnevo Partners; London; Hybrid; GBP 36,000 - 49,000; Full time

Job summary

A consulting firm is seeking a Risk & Control Officer in London. The role involves ensuring effective risk management and supporting teams in building adequate controls. Candidates should have experience in financial services and a strong understanding of risk management practices. This position operates on a hybrid basis, combining in-office and remote work.

Qualifications

• Experience in a regulated environment with risk and controls.
• Understanding of industry risk regulations and standards.
• Ability to handle multiple deadlines and adapt in an evolving environment.

Responsibilities

• Ensure effective risk management and control embedding.
• Support teams in developing new controls and processes.
• Identify and report risk deficiencies to second line risk.

Skills

Financial services experience

Risk management

Incident analysis

Risk reporting

Control testing

Communication skills

Curiosity and collaboration

Job description

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This range is provided by dnevo Partners. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

Direct message the job poster from dnevo Partners

Enabling organisations to overcome Compliance, Risk & Reg. challenges

Our client, a small commercial bank is seeking to hire a first line Risk & Control Officer to ensure the bank is managing their risk and controls effectively. Risk is currently managed by the second line Risk Manager; however, it has been recognised that the bank needs to develop its Risk & Control framework further to gain better insight into the bank’s risks, Important Business Services and the quality of the controls that underpin each process.

The Risk & Control Officer will be focussed on working with each of the 1st line teams to ensure the Bank successfully embeds their risk management framework across the first line. You will be focussed on understanding the purpose of each of the first line teams and the identification of the banks key risks and controls.

These teams will turn to you for guidance, requiring support in the mitigation of any control weaknesses identified to help develop a strong risk culture.

You'll be responsible for:

• Developing operating effectiveness control testing to ensure that they have a complete

understanding of the control landscape and drive actions to address control weaknesses.

• Building your knowledge of the bank to support teams in developing new controls and

processes to create lasting solutions for minimising exposure to people, conduct and operational risks and the associated consequences, by identifying failed internal processes, inadequate controls, and emerging risks.

• Develop a real understanding of our risk exposure, control environment, deficiencies an

gaps by embedding good risk management practices through building positive relationships with stakeholders across the three lines of defence.

• Identifying and report risk and control deficiencies to 2nd line risk and manage any

mitigating actions.

• Maintaining the bank’s Operational Resilience monitoring and assessment processes

ensuring that the bank remains in accordance with Regulatory requirements.

• Creating management information for inclusion in Operational risk reporting packs, audit

and compliance assurance requests, to adhere to Regulatory requirements.

• Provide cover for 2nd line risk in periods of holidays/absence.

You should apply if you:

• Have worked in 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 industry risk regulation/standards and practices and are keen

to learn more.

• Are curious and collaborative - you’re great at asking incisive questions to pick things up, 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
• Are resilient and comfortable working in an ambiguous environment where the day-to-day

job is constantly evolving and changing.

• Are hands-on and great at execution.
• Are a self-starter and autonomous as well as being able to prioritise.

The bank is currently operating on a hybrid basis with two days in the office and three days from home.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

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