- Functional title - Assistant Vice President, Business Risk & Control
- Department - Chief Controls Office
- Corporate level - Assistant Vice President
- Report to - Director, Business Risk & Control
- Location - New Jersey
- Expected full-time salary range between $ 125,000 - $145,000 + variable compensation + 401(k) match + benefits.
Note: Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role.
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 offers 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:
- Strengthening the oversight of operational 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.
- Performing controls assurance testing across 1LOD, ensuring remediation plans are in place where appropriate, and partnering with 1LOD to establish a well understood and documented control environment.
- Driving behaviours to foster a risk-aware and risk intelligentculture where employees recognize their role as risk managers and the importance of the control framework.
What we're looking for:
The role would suit candidates with 1LOD control/ control remediation/ validation experience or external audit, 2LOD or 3LOD experience looking for an opportunity to move into 1LOD.
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:
Risk Management & Control Framework
- Support business owners to conduct risk assessments
- Carry out controls testing as part of RCSA and in remediation of issues and incidents
- Identify and deliver best practices in control standards across CLS and support the business in the identification of risks and controls.
Stakeholder Engagement
- Partner with business units, 2LOD risk, compliance, audit, and legal teams to enhance risk culture. Support audit engagements and work with the business to review the findings and define actions.
Incident & Issue Management
- Support the identification, reporting, and resolution of risk incidents and control failures.
- Support business owners to design and implement controls proportionate to CLS, including supporting remediation activity
- Contribute to action plans to remediate issues, strengthen controls, and prevent recurrence consider design/operating effectiveness.
Testing strategy and execution
- Contribute to the development of CLS's testing strategy and methodology
- Identify and deliver best practices in testing and control standards across CLS, engaging with the wider risk and controls teams to support continuous improvement
- Consistently deliver assigned components of the risk assessment and testing plan (RCSA - risk and control self-assessment) on behalf of risk and control owners including reporting progress, escalating concerns and closing out matters identified in testing
Competencies required for successful job performance:
- Proven experience of risk assessment, controls assurance testing and control delivery/remediation, either from a 1LOD ownership perspective, external audit or 2LOD/3LOD validation.
- 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 preferred, including experience relating to third party risk
- Strong communication skills and collaborative communication style
- Build effective working relationships with multiple internal and external stakeholders, negotiating effectively to bring different viewpoints together as appropriate.
- 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.
- 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
- Proficiency in Word, Excel, and PowerPoint. Experience of GRC systems is preferred
At CLS, we celebrate inclusion and consider this to be one of our strongest assets. We are committed to fostering an environment in which everyone feels comfortable to be who they are, and inclusion is valued. All employees have access to our inclusive benefits, including:
- Holiday - UK/Asia: 25 holiday days and 3 'life days' (in addition to bank holidays). US: 23 holiday days.
- 2 paid volunteer days so that you can actively support causes within your community that are important to you.
- Generous parental leave policies to ensure you can enjoy valuable time with your family.
- Parental transition coaching programmes and support services.
- Wellbeing and mental health support resources to ensure you are looking after yourself, and able to support others.
- Employee Networks (including our Women's Forum, Black Employee Network and Pride Network) in support of our organisational commitment to embrace and always be learning more about inclusivity.
- Hybrid working to promote a healthy work/life balance, enabling employees to work collaboratively in the office when needed and work from home when they don't.
- Active support of flexible working for all employees where possible.
- Monthly 'Heads Down Days' with no meetings across the whole company.
- Generous non-contributory pension provision for UK/Asia employees, and 401K match from CLS for US employees.
- Private medical insurance and dental coverage.
- Social events that give you opportunities to meet new people and broaden your network across the organisation.
- Annual flu vaccinations.
- Discounts and savings and cashback across a wide range of categories including health and retail for UK employees.
- Discounted Gym membership - Complete Body Gym Discount/Sweat equity program for US employees.
- All employees have access to Discover - our comprehensive learning platform with 1000+ courses from LinkedIn Learning.
- Access to frequent development sessions on a number of topics to help you be successful and develop your career at CLS.
