RCSA Enhancement Analyst - Contractor

• Role – RCSA Enhancement Analyst - Contractor
• Department – Chief Controls Office
• Report to – Executive Director, Business Risk & Control
• Location – London

 

What you will be doing:

 

This is an exciting opportunity for a talented individual to join our 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 the group.

 

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

• Enhancing the Risk Control and Self-Assessment (RCSA) framework to make sure of:
• the correct identification, allocation and distribution of Risks across Business Units
• development of a framework to make sure of the effective identification and application of key controls to allocated Risks
• effective ownership and sustainable execution of framework
• Review of Issue and Actions Management framework to make sure of clear ownership, aligned standards and sustainable execution across 3 Lines of Defense
• Development of 1LoD Standard for:
• RCSA governance and oversight
• Issue and Actions governance and oversight
• Strengthening the oversight of non-financial risks, bringing risk and control 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 behaviours 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:

Candidates with a proven track record in the implementation / enhancement of RCSA and Issue Management frameworks.

Candidate would ideally be from a 1LoD background but candidates with suitable experience from 2LoD/3LoD would also be considered.

The candidate is a key member of the CCO team who will work closely with 1LoD business owners in the management of risk and controls. This includes but not limited to:

 RCSA frameworks:

• In depth understanding of Risk Control and Self-Assessment (RCSA) framework
• Identify and deliver best practices in risk allocation and control standards
• Experience of controls testing (DE/OE) preferable
• Development of Governance and Oversight for RCSA frameworks

 

Issue Management frameworks:

• Understanding in the identification, reporting, and resolution of risk incidents and control failures.
• Experience in the development of action plans to remediate issues, strengthen controls, and prevent recurrence consider design/operating effectiveness.
• Development of Governance and Oversight for Issue Management frameworks

 

1Lod Standards development:

• Experience in the drafting of 1LoD Standards for RCSA and Governance and Oversight frameworks
• Experience in the implementation of 1Lod Standards

 

Stakeholder Engagement

• Partner with business units, compliance, audit, and legal teams to enhance risk culture. Support audit engagements and work with the business to review the findings and define actions.
• Represent CCO in working groups as required.

 

 

 

Competencies required for successful job performance:

 

• Proven experience in Risk Control and Self-Assessment (RCSA) and Issue Management
• Development of 1LoD Governance and Oversight frameworks
• 1LoD Standards development and implementation
• Ability to assess, design, and enhance control environments and to drive a risk-aware culture across business units.
• Strong problem-solving skills, with a proactive approach to risk mitigation.
• Strong written and verbal communication skills.
• Attention to detail is essential, demonstrating high standards to the control and oversight of risk.
• Knowledge of Financial Services, Financial Markets Utilities or another highly regulated industry sector is essential.
• Strong stakeholder management, influencing executives and senior leaders.
• 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.
• Take professional pride in making a difference, being proactive and delivering best in class solutions, creating long term value by addressing root cause issues.
• Build effective working relationships with multiple internal and external stakeholders, negotiating effectively to bring different viewpoints together as appropriate.
• Manage ambiguity, operating effectively and decisively to navigate a path forward.

 

Professional qualifications / certifications

• Qualifications in any of the following specialisms would be beneficial but not essential:
• Risk Management
• Internal Audit
• Compliance
• Project Management
• Highly proficient IT skills in Word, Excel, PowerPoint and PDF.