Divisional Risk and Control Specialist, VP

Job Specification

The Origination & Advisory (O&A) Business Control Unit (BCU) is a 1st Line of Defence (1st LoD) function created during the implementation of the Three Line of Defence (3LoD) programme.Its primary objective is to support the front office in executing the Non-Financial Risk (NFR) framework for its business line. The team is principally responsible for:

• Identification and mitigation of non-financial risks (regulatory, conduct and systemic)
• Supporting the operations of an efficient supervisory and conduct framework
• Ensuring the governance of a business audit portfolio
• Driving Change the Bank initiatives to support the control framework

In addition to working closely with the business heads, the groups reach and interaction is broad, including engagement with the Investment Banking Divisional Control Officer (DCO), 2nd and 3rd LoD, for example Compliance, Anti Financial Crime (AFC), Non-Financial Risk Management (NFRM), Legal, Group Audit and others.

This role will support the Global BCU function in various capacities, with a particular focus on Investment Banking Coverage & Advisory (IBC&A) and Mergers & Acquisitions (M&A).

The role will also align with the wider APAC Business Management & Controls (BM&C) team and will therefore be supporting the O&A APAC business. This includes direct interaction with senior O&A APAC bankers and being a point of contact for all O&A APAC matters in the control hub.

Your key responsibilities

• Deliver and monitor remediation activities for the O&A owned findings portfolio (Group Audit, Controls Testing & Assurance, Regulatory, and Self-Identified Issues)
• Perform and monitor level 1 controls and update O&A control inventory
• Pro-actively identify and deliver level 1 control enhancements and automation
• Timely identification and sustainable mitigation of control weaknesses and emerging risks
• Independently lead and deliver risk and control related assignments, such as a read-across of known control weaknesses, lessons learned of NFR events, back-testing
• Develop and manage relationships with a range of stakeholders within and outside O&A including 2nd and 3rd line functions
• Lead change initiatives in O&A BCU incl. planning, coordinating with various teams, tracking progress, and escalating where necessary
• Creation and delivery of senior management reporting to support decision making
• Update Key Operating Policies & Procedures to document current business processes

Your skills and experience

• At least 7 years of relevant industry experience, ideally from a top tier investment bank
• Strong analytical skills and a strong finance / economic academic background
• Sound understanding of the Corporate Finance business, including coverage and Mergers & Acquisitions would be beneficial.
• Deep knowledge of NFR framework, risks and controls in an investment bank
• Aptitude for providing advice to senior management on risks, controls and mitigation
• The ability to formulate clearly and present information in a compelling manner
• The ability to present complex and sensitive messages comprehensively, professionally and in simple terms
• Solid MS Office skills (word, powerpoint, excel)
• Strong data-analysis skills ability to transform raw/complex data into simple and meaningful outputs for senior management communication

You will be

• Able to work as part of a global team
• Proactive and diligent and able to partner with other teams to resolve issues where necessary
• Self-motivated, independent, and able to identify solutions to issues
• Accurate with an attention to detail
• Confident to question the status quo / existing control framework