Risk Controls Testing SME - Markets Governance & Control
A Leading Financial Services business in Central London is looking to hire multiple Controls Testing experts within their Markets Controls Testing team.
* 15 month contracts - significant scope to roll
* Paying between £650 - £850 per day (UMBRELLA - Inside IR35)
* Based in London
* Hybrid working (3 in office, 2 from WFH)
Controls Testing Experience
* Internal and external audit
* 1 st line controls testing (significant and recent – running control testing programmes)
* Hands-on experience running testing controls
Control Testing + Programme Execution Experience
* Investment banking or Markets
* Markets regulation – Volcker, Regulation W, Regulation K
* Extensive experience testing E-Trading Control frameworks or Volcker control frameworks
* Running and managing large Regulatory programmes
* Managing and reviewing teams of staff – execution of delivering (team management and SME)
* Managing Front Office stakeholders
Role Overview
The Markets Governance & Control team works with the Markets businesses and functions including Compliance, Operational Risk, and Internal Audit, to support identification, evaluation, and management of operational and compliance risks in Markets Sales and Trading businesses. The 1st Line of Defence (1LOD) Markets Controls Testing team is responsible for executing a comprehensive, risk-based programme of control testing covering all Markets businesses globally. The primary mission of the 1LOD Markets Controls Testing team is to support Management in its continuous monitoring of its control framework and residual risk profiles, thereby supporting responsible provision of financial services to clients and effective risk management for the firm.
This position reports to the Global Markets Control Testing Programme Head, who leads and directs a team of approximately 40 controls testing professionals.
Key Responsibilities:
This role involves planning, executing, and reporting the results of control testing covering Markets Trading and Sales businesses.
* Executing and reporting results of control testing
* Supervising and coaching junior team members in execution of control testing
* Monitoring execution of parts of the testing programme to agreed timelines, escalating and resolving obstacles to delivery
* Maintaining high standards and best practices for execution of testing activities
* Providing challenge to stakeholders on the design and effectiveness of controls
* Supporting stakeholders in determining necessary control remediation identified through the testing programme
* Maintaining strong stakeholder relationships across Front Office, Markets Conduct Risk, Compliance, and Operational Risk
* Presenting impactful summary outputs from the testing programme to stakeholders
* Providing Markets controls subject matter expertise to stakeholders across all three lines of defence
Knowledge, Experience & Skills:
* Understanding of Markets business activities and associated regulations
* Knowledge of Markets Operational and Compliance risks, and related controls, associated with trading and sales activities
* Strong understanding of control design assessment and effectiveness testing techniques and practices
* Experience in Front Office controls testing, internal audit, external audit/control consulting, or similar disciplines
* Experience of coaching and developing team members
* Experience of overseeing a team to deliver rigor and attention to detail in execution
* Experience of developing and maintaining effective senior stakeholder relationships
* Track record of providing constructive, effective challenge to Senior Stakeholders on risk management matters
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