Risk And Control Analyst

Description:

Full Job Description

Description of business unit

Regulatory Reporting Control & Operations (RRCO) is responsible for preparing, reviewing and submitting Capital, Liquidity, Financial and Statistical reports to the Group's various Regulators and Supervisors on behalf of the Group's regulated entities. RRCO also produces information for key internal governance fora and partners.

Within this department, the Risk & Control team's objective is to decrease risk by implementing, monitoring and improving the control environment/framework related to RRCO's regulatory reporting production process. This is achieved through implementation of RRCO's Risk Management Framework and associated Standards, relevant Group-wide policies/frameworks, and via RRCO's monthly Risk & Control.

RRCO Technical Assurance is responsible for the interpretation of regulatory reporting requirements for key regulatory reporting returns. The principal focus is supporting the function's objective of full compliance with regulatory reporting requirements. In addition to reporting interpretation and documentation the team also support RRCO's training and communications initiatives including supervising external regulatory developments.

Purpose of the Role

The purpose of this role is to support and improve risk management and risk culture within RRCO and to support RRCO compliance with regulatory reporting requirements.

Key Accountabilities

• Support reporting teams by assisting with the execution of risk assessments (Risk & Control Self- Assessment), development of mitigating controls and in the assessment and recording of reporting incidents and events.
• Assist with ad hoc investigation of regulatory interpretations and thematic investigations of regulatory reporting topics as required.
• Support production of Management Information (MI) packs for the monthly departmental Risk Forum and the monthly regulatory technical update.
• Supervise compliance with the RRCO Risk & Control Framework and Standards, including maintenance of the Documentation Repository.
• Assist with projects, internal and external audits and regulatory inspections as the need arises.