Assistant Vice President, Business Risk and Control

Assistant Vice President, Business Risk and Control

Job information:

• Functional title - Governance and Reporting
• Department - Chief Controls Office
• Corporate level - Assistant Vice President
• Report to - Director, Chief Controls Office - Business Risk & Control
• Location - London

What you will be doing:

This is an exciting opportunity for a talented individual to join our newly formed Chief Controls office (CCO), a dedicated first line risk and control function. This role has arisen due to the expansion of responsibilities, offering the successful candidate the opportunity to make an impact and actively contribute to the evolution of this new organization.

As part of the CCO team, you will play a key role:

• Improving the oversight of non-financial risks, bringing risk and control reporting and subject matter expertise to partner with 1LOD business owners to proactively identify, assess and mitigate risks.
• Providing cross functional oversight across the first line, driving best practices and consistency in control standards for the effective control of risks to within risk appetite.
• Driving behaviors to foster a risk-aware and risk intelligent culture where employees recognize their role as risk managers and the importance of the control framework.

What we’re looking for:

The role would suit candidates with Management Information reporting experience in the Financial Services industry.

The Governance and Reporting Associate is a key member of the CCO team who will work closely with 1st Line of Defense business owners in the oversight and management of risk and controls.

Primary Responsibilities:

• Lead on the systemic development and improvement of reporting mechanisms and protocols for Management Information.
• Drive reporting on corrective actions, self-identified issues, RCSA, key controls and generate KPIs for both strategic governance forums and cross enterprise management.
• Develop and refine KRIs to ensure meaningful metrics for management oversight, highlight breaches to understand root causes, consult on lessons learned.
• Consolidate and report on the results of risk and control activity to internal stakeholders, escalating as required.
• Represent CCO in working groups or Committees as required. Must be an effective communicator, able to understand the detail but adapt the messaging to align with the audience/seniority of the forum including internal Committees, Board presentations and/or Regulatory communications.
• Manage cross Divisional engagement and communication for identified areas for improvement.
• Participate on the delivery of the CCO Target Operating Model, including providing insight for refinement.

Competencies required for successful job performance:

• Demonstrate strategic mindset, link individual activities to the wider landscape to see the big picture.
• Challenge the status quo, be a catalyst for change, driving and cultivating innovative thinking to solve complex problems. Ability to ‘speak up’, break down barriers and provide constructive challenge.
• Attention to detail is essential, demonstrate high standards to control and oversight of risk.
• Build effective working relationships with multiple internal and external stakeholders, negotiating effectively to bring different viewpoints together as appropriate.
• Excellent verbal and written communication skills with ability to adapt to the audience (junior/senior, internal/external) to be effective and meaningful, breaking down complex problems in an easy-to-understand manner.

Required Experience

• Sufficient experience in the Financial Services industry.
• Highly proficient IT skills in Excel, PowerPoint, PDF, and Word.
• Ability to develop effective Management Information reporting.