Our leading Douglas-based Finance Sector Client are enjoying a busy workload within their Client Services team. To support this, they have an opportunity for an experienced Risk and Control Officer to join them.
As Risk and Control Officer you will support the Client Services department in achieving its strategic goals, with a specific focus on risk & controls along with routine regulatory reporting. The role will ensure that the department operates within a framework that balance risk and opportunities for sustainable growth as well as adhering to all the regulatory requirements. Close liaison is expected with our Second and Third Line of Defence Teams as they bridge the gap between the Operational Teams and teams in Group Risk and Compliance. Specific duties will include:
* Support the Senior Manager in fully embedding the Client Services Quality Assurance Framework
* Collaborate with second and third line functions to address regulatory requirements effectively
* Collaborate with the relevant operational teams to analysis and evaluate risk events and their potential impacts documenting the root cause analysis and present mitigant solutions
* Conduct regular control testing in conjunction with the QA framework
* Promote open communication channels for reporting and addressing potential risks at the operational level
* Assist the operational teams to ensure their Risk Event Actions are kept up to date and sufficient evidence is in place to efficiently close matters out
* Identifying issues, risks and benefits of existing and proposed solutions and outlining business impacts
* Assist in the development and execution of plans, ensuring alignment with department and organisational goals
* Completion of Quality Assurance activities and provision of feedback to users where failures or improvement opportunities are identified
* Track and follow-up on action items and deadlines arising from initiatives to ensure efficient delivery
The ideal candidate for the role of Risk and Control Officer will have:
* 2+ years experience within an operational processing team
* Proven experience working within a Risk team/ function with excellent understanding of regulatory framework
* Strong Analytical skills and ability to effectively communicate findings with stakeholders at all levels
* Strong communication skills, both verbally and written to a wide range of audiences
* Dynamic thinker with the ability to bring a new perspective to creating solutions
* Ability to build positive working relationships with colleagues and a willingness to share knowledge and expertise
* Competent in Microsoft Office Suite applications (Word, Outlook, SharePoint and Excel)
Desirable:
* Technical knowledge of the Life Assurance industry
* Proven experience working within a similar management role
* Ability to manage and resolve conflict and interact effectively with all stakeholders