Risk And Control Senior Analyst

The Citco Group Limited; Makati; On-site; PHP 900,000 - 1,300,000; Full time

Job summary

Citco, a global leader in fund services and related asset services, is hiring for its Risk and Control Team. The role supports SOC1 reporting for multiple Citco entities and strengthens the internal control framework across global functions.

The team includes specialists based in Manila, Amsterdam, Dublin, Cork, Jersey City, Toronto, and more. The successful candidate will engage with management across divisions, drive testing of controls, and deliver clear reports to senior management while

Qualifications

• Bachelor’s degree in Accountancy, Finance or related field.
• CPA/CIA or equivalent risk management qualification is desirable.
• 2–3 years in risk management/assurance/internal controls in financial services.
• Fund accounting experience is preferred.
• Experience with a Big 4 firm is a plus.
• Proficiency with Microsoft Office Suite is expected.
• Excellent written and spoken English is required.

Responsibilities

• Report to the Risk and Control Manager (Manila).
• Cultivate relationships with Management and staff in CFS divisions and R&C.
• Assist in quality control program development for Hedge Funds; review policies and controls.
• Execute operational effectiveness testing for Hedge Fund processes and prepare work papers.
• Prepare quality control reports for Senior Management, including trends and root-cause analysis.
• Improve internal control framework with business divisions for efficiency.
• Collaborate with R&C team to cover scope and objectives effectively.
• Promote risk awareness across the organization with 1st and 2nd line functions.
• Maintain knowledge of risk management developments and industry standards.

Skills

Interpersonal skills

Presentational skills

Project management

Analytical thinking

Problem solving

Attention to detail

Team collaboration

Creativity

Adaptability

English proficiency

Microsoft Office

Education

Bachelor's degree in Accountancy or Finance

CPA / CIA desirable

Tools

Microsoft Office Suite

Job description

Job Description:

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With more than $1 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit www.citco.com .

JOB DESCRIPTION

About The Team & Business Line

The Risk and Control Team ("R&C") is a group-level, global team, responsible for fostering risk and control awareness across all divisions within the Citco Group of companies as defined on www.citco.com. The R&C strategy is to support the organization in implementing a robust risk management and control framework globally across all lines of business. The R&C team is responsible for the production of the System and Organization Controls "SOC1" reports for the Citco Funds Services ("CFS"), the Citco Bank and Depositary Services and Citco Corporate Solutions lines of business.

In addition, the R&C has a separate specialized Quality Control and Assurance team that reviews the operating effectiveness of controls within the various CFS functions (Hedge Funds, Fund of Hedge Funds, Loan Operations, Middle Office Solutions and Private Equity).

R&C has resources based in Amsterdam (The Netherlands), Dublin & Cork (Ireland), Jersey City (USA), Manila (The Philippines) and Toronto (Canada).

Responsibilities

Your Role:

• Report to the relevant Risk and Control Manager (based in Manila).
• Cultivate and maintain excellent relationships with Management and staff in various CFS divisions and R&C colleagues.
• Involvement in the creation of potential new Quality Control programs in relation to Hedge Funds (Single Manager). This involves reviewing policies & procedures, reviewing RCSA's, setting-up walkthroughs with business management teams to verify the key controls in place, building the quality control testing program, testing the key controls and deliver the project status reports to the Fund Accounting (FA) Management teams.
• Involvement in the day-to-day execution of the operational effectiveness testing for Hedge Fund processes in a quality manner including timely work paper completion and review and identification of risk issues. This will include liaising and working with other key individuals responsible on related operational effectiveness testing work as well as business representatives across various offices, locations and time zones working with your Assistant Manager / Manager and escalation of relevant matters identified in the review process to R&C Management.
• Involvement in the preparation of quality control reports to Senior Management on operational effectiveness testing activities. Reporting performed includes overview of the testing performed, trending analysis, root cause analysis, testing observation details and recommendations to mitigate the risk.
• Work closely with the business divisions to review and enhance the internal control framework as part of the continuous improvement to the control environment and look for further efficiencies.
• Work collaboratively with other team members within R&C to cover the scope and objectives in an effective and efficient manner.
• Foster risk and control awareness across the organization by working with Management and first and second line functions (CFS Risk and Control Office teams).
• Maintain expertise and pursue training to keep abreast of new and proposed developments in Risk Management and auditing fields and consider the impact on the company through various industry organizations.

Qualifications

About You

• The candidate must have a Bachelor’s degree in Accountancy, Finance or another related field.
• A relevant and recognized professional qualification such as a Certified Public Accountant (CPA), Certified Internal Auditor (CIA) and / or equivalent level within Risk Management is desirable.
• A two-to-three-year experience of working in progressive risk management / assurance / internal controls / audit function of a financial institution / financial services and / or alternative investments industry.
• Fund accounting experience is preferred.
• Experience with a Big 4 audit firm is a plus.
• Proficiency with the Microsoft Office Suite is expected.
• Excellent written and spoken English is a prerequisite.
• Key competencies and characteristics:
• Strong interpersonal and presentational skills (oral and written).
• Pro-active with good project management and organizational skills.
• Excellent analytical and problem-solving skills to perform complex calculations.
• Strive for continuous improvement.
• Sound risk-based decision making.
• Self-starter able to perform independently.
• High attention to detail.A 'team player' who can work well within the R&C function and also collaborate successfully with other R&C team members and peers within the team.
• Creative and innovative.
• Willingness to take on responsibility and to work on own initiative.
• Adaptable to change.

Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.