Risk & Control Analyst
My client is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, they deliver informed investment management and investment services in 35 countries and more than 100 markets. They currently have over $25 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management.
We are now looking for Risk Controls (Data) Analyst to sit within the EMEA Risk Architecture (ERA) function based in Manchester. This team is responsible for the collation, control, validation and reconciliation of all data required in the ERA function in EMEA. The team is also responsible for maintenance and consistency of underlying processes, systems, documentation and policy.
The team will interface with the global teams on an on-going basis to ensure where possible consistency in data quality practices is achieved. The data processing control unit will play a key role in ensuring the adequacy and control of information, as well as ensuring consistency across the rest of the function which in turn ensured consistency in the EMEA region for stress testing, ICAAP and information. Importantly, all audit files, change control and development of systems will be managed from this team.
The team will also run advanced capital analysis on a quarterly basis, such as automated running of economic downturns, quantitative models and sensitivity analysis for the ERA.The team will be responsible for sourcing underlying quantitative data, as well as monitoring qualitative data quality and regional consolidation of information, such as the stress testing schedules. The team will also be responsible for change management around standard templates and reports.
An important aspect of the role is regional consolidation of information, such as Stress testing schedule, committee schedules and will also have the responsibility of change management around standard templates and MI reports. The role holder would also be responsible for communication and explanation of the overall framework, Stress testing and Capital allocation concepts to a variety of stakeholders and ensuring the adequacy and control of information within EMEA Stress testing framework.
Key skills and responsibilities are as follows: Maintenance of regulatory deliverables through development and monitoring of procedures, checklists, KPIs and process flows for the ERA organization. This includes managing change request and new developments processes. Develop and maintain internal processes against policies and also guidelines available from regulators. Perform gap assessments against guidelines of circa 42 Stress Testing Units. Preparation of monitoring reports and escalation of any issues. Template control for all internally established information such as stress testing and ICAAP documents, MI and analytics which entails managing the consolidation, request and approval process for the stress testing Scenarios and Model schedules.The role involves the review of information, but also the design and change control for all templates which may be either system generated or manually maintained. The role holder would be working closely with the Senior Processing Manager and will be responsible for managing the adequacy of the underlying stress testing framework for the EMEA region and must have the seniority and communication skill to be able to explain and obtain buy-in for these approaches from stakeholders and committees.
The role holder must be highly self-motivated and able to manage high volumes of workloads and priorities effectively during peak times to the standards and within the boundaries of the EMEA Stress Testing Framework. The incumbent must have experience in managing stakeholder relationships across a range of levels. At times, the incumbent will be required to deputise for the Senior Processing Manager as required, reporting into senior level committees in the areas they are responsible for. It would be advantageous to also have a good working knowledge of Pillar 1, liquidity and recovery and resolution requirements.
The incumbent, as part of the wider team will be required to undertake analysis of regulations and build remediation plans for recommendations and implementation in-region and it is vital the role holder is able to understand and comply with these as well as input to and work within internal guidelines.
The role holder must also be a proven team player, and be willing to be flexible enough to support the rest of the team when deliverables must be met, as well as being able to support and be aware of wider team deliverables.
Very strong communication and analytical skills, strong project-working skills, (i.e. ability to manage tasks to a schedule), willingness to work long hours when required and ability to work within a team. Must have a good understanding of best practices in Risk Management architecture and framework for Banks and Financial Institutions in Europe.
Knowledge of Microsoft Office packages, in particular very strong Excel, documentation and presentation skills are essential.
This is an exciting opportunity to join a newly created Risk Architecture function on a contract basis where the opportunity may exist to move into a permanent role in the future.
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