Business Risk and Controls Officer
- Employer
- Columbia Threadneedle Investments
- Location
- London, United Kingdom
- Salary
- Competitive
- Closing date
- Jul 2, 2022
View more
- Job Function
- Operations
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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About Columbia Threadneedle Investments
What working at Columbia Threadneedle offers....
Working at Columbia Threadneedle Investments you'll find the promise we make to our clients is the same one we make to our employees: Your success is our priority.
Here, you'll find growth and career opportunities across all of our businesses. We're intentionally built to help you succeed. Our reach is expansive with a global team of 2,000 people working together. Our expertise is diverse with more than 450 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies, and we have the capability to create bespoke solutions matched to clients' specific requirements.
Job Purpose Statement
Where you'll fit in & what our team goals are...
In this role you will report to the Business Risk and Controls Director - Alternatives.
In this role you will support the Business Risks & Controls Director in enabling business heads within Alterative business areas discharge their first-line risk management obligations in line with policy and regulation. The Alternatives business areas include the following investment strategies:
- Direct property investments
- Indirect property investments
- Infrastructure investments
- Private Equity investments
Role Responsibilities
How you'll spend your time...
Culture
Review trends in Risk Events in business unit, to feed into Risk & Controls Directors proposal of 'Tone from the Top' messaging from business area heads on Risk & Control.
Operating Soundness
• Reviews inventories/maps/KRIs that are impacted by Risk Events, Change Programmes or other events which may cause them to be updated and reissued - propose updates to inventory/map/KRI owners.
• Supports Business Risk & Controls Director in writing/reviewing select policies and procedures.
• Runs tracker or project management for controls remediation projects, as requested by Business Risk & Controls Director.
• Coordinates BCP and operational resilience exercises.
Operational Risk Management
ie (Assessments (RCSA, Scenario Planning, Emerging Risk Analysis, Outsourcing Risk Analysis, Deep Dives), Trends (Risk Indicators, Risk Events, External Events), Findings (Business Risks & Controls testing, RCS assurance, Sox tests)
• Supports Business Risk & Controls Director in coordinating and performing risk assessment activities and risk control committee deep dives, prepares recommendations for presentation to BU head
• Ensures timely and accurate risk event recording and proposes escalation
• Oversees risk event action remediation
• Reviews risk trends and recommends actions
• Conducts risk-based testing at the direction of the Business Risk & Controls Director
• Supports Business Risk & Controls Director in coordinating responses to findings from Business Risk & Controls testing, RCS assurance or SOx testing)
Governance
e. BU control meeting / Risk Controls Committee
• Supports preparation of agenda/papers for Business control meeting
• Support preparation of updates for Risk Controls Committee where required for escalation purposes
Risk expertise
Reviews internal and industry best practices, Risk/Compliance guidance, champions 2nd line Risk initiatives, makes recommendations to Business Risks & Controls Director.
Key Capabilities
To be successful in this role you will have...
• Risk/Control expertise: knowledge of current techniques in operational risk management, controls and operational soundness
• Analysis: ability to assess data points (eg. inherent risk, crystallised risk, emerging risks, control effectiveness) to propose an actionable plan to bring data points into tolerance
• Testing: ability to test control design, effectiveness and evidencing
• Oversight: support Business Risk & Controls Director in oversight of unit deliverables with respect to the control environment
• Governance: ability to create targeted and high-quality papers for governance forums, working at the direction of the Business Risk & Controls Director
Desired Capabilities
If you also had this, it would be great...
Previous experience in operational risk, controls, business management or audit function from an Alternatives investment business.
What working at Columbia Threadneedle offers....
Working at Columbia Threadneedle Investments you'll find the promise we make to our clients is the same one we make to our employees: Your success is our priority.
Here, you'll find growth and career opportunities across all of our businesses. We're intentionally built to help you succeed. Our reach is expansive with a global team of 2,000 people working together. Our expertise is diverse with more than 450 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies, and we have the capability to create bespoke solutions matched to clients' specific requirements.
Job Purpose Statement
Where you'll fit in & what our team goals are...
In this role you will report to the Business Risk and Controls Director - Alternatives.
In this role you will support the Business Risks & Controls Director in enabling business heads within Alterative business areas discharge their first-line risk management obligations in line with policy and regulation. The Alternatives business areas include the following investment strategies:
- Direct property investments
- Indirect property investments
- Infrastructure investments
- Private Equity investments
Role Responsibilities
How you'll spend your time...
Culture
Review trends in Risk Events in business unit, to feed into Risk & Controls Directors proposal of 'Tone from the Top' messaging from business area heads on Risk & Control.
Operating Soundness
• Reviews inventories/maps/KRIs that are impacted by Risk Events, Change Programmes or other events which may cause them to be updated and reissued - propose updates to inventory/map/KRI owners.
• Supports Business Risk & Controls Director in writing/reviewing select policies and procedures.
• Runs tracker or project management for controls remediation projects, as requested by Business Risk & Controls Director.
• Coordinates BCP and operational resilience exercises.
Operational Risk Management
ie (Assessments (RCSA, Scenario Planning, Emerging Risk Analysis, Outsourcing Risk Analysis, Deep Dives), Trends (Risk Indicators, Risk Events, External Events), Findings (Business Risks & Controls testing, RCS assurance, Sox tests)
• Supports Business Risk & Controls Director in coordinating and performing risk assessment activities and risk control committee deep dives, prepares recommendations for presentation to BU head
• Ensures timely and accurate risk event recording and proposes escalation
• Oversees risk event action remediation
• Reviews risk trends and recommends actions
• Conducts risk-based testing at the direction of the Business Risk & Controls Director
• Supports Business Risk & Controls Director in coordinating responses to findings from Business Risk & Controls testing, RCS assurance or SOx testing)
Governance
e. BU control meeting / Risk Controls Committee
• Supports preparation of agenda/papers for Business control meeting
• Support preparation of updates for Risk Controls Committee where required for escalation purposes
Risk expertise
Reviews internal and industry best practices, Risk/Compliance guidance, champions 2nd line Risk initiatives, makes recommendations to Business Risks & Controls Director.
Key Capabilities
To be successful in this role you will have...
• Risk/Control expertise: knowledge of current techniques in operational risk management, controls and operational soundness
• Analysis: ability to assess data points (eg. inherent risk, crystallised risk, emerging risks, control effectiveness) to propose an actionable plan to bring data points into tolerance
• Testing: ability to test control design, effectiveness and evidencing
• Oversight: support Business Risk & Controls Director in oversight of unit deliverables with respect to the control environment
• Governance: ability to create targeted and high-quality papers for governance forums, working at the direction of the Business Risk & Controls Director
Desired Capabilities
If you also had this, it would be great...
Previous experience in operational risk, controls, business management or audit function from an Alternatives investment business.
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