Senior Analyst of Business Risk and Controls

2 weeks ago


New York, New York, United States WSN Full time

WSN is in search of a Senior Analyst of Business Risk and Controls to engage in a long-term consulting opportunity with a prestigious investment banking client.

The Senior Analyst of Business Risk and Controls is a highly experienced professional role. This position requires the application of extensive disciplinary knowledge, contributing to the creation of innovative techniques and enhancing processes and workflows within the designated area. It necessitates the integration of subject matter expertise and industry knowledge within a specified domain. A profound understanding of how various areas collectively integrate within the sub-function is essential, as well as the ability to coordinate and contribute to the objectives of the function and the overall business strategy.

Key Responsibilities:

  • Facilitate governance and assist in executing the Manager Control Assessment (MCA), including the evaluation and approval of risks associated with business modifications.
  • Contribute to the quality, completeness, and accuracy of the Control Framework implementation, including Risk Control Policy, Control Standards, and Issue Management Policy, primarily within a Software Development Life Cycle (SDLC) utilizing Agile methodologies. Familiarity with User Acceptance Testing (UAT) is advantageous but not mandatory.
  • Support the identification of root causes of issues, collaborating with control and process owners to recommend comprehensive corrective actions and enhancements, ensuring proper escalation in line with Issue Management and Escalation Policies.
  • Assist in the application of the Lessons Learned Policy, monitoring control breaches and sharing insights across business units to foster process improvements and mitigate future risks.
  • Influence decisions regarding the review and challenge process within the First Line Units (FLUs) to ensure effective design and management of controls that mitigate risks as per Control Standards.
  • Conduct analyses to ensure the timeliness, accuracy, and completeness of the MCA through controls prior to process execution (Quality Control).
  • Support adherence to the MCA Standard through controls after process execution (Quality Assurance).
  • Contribute to Operational and Compliance Risk management in accordance with established policy requirements.
  • Collaborate with the team to identify, assess, escalate, and manage risk exposures across various Risk Categories, including Operational Compliance and Reputational risks.
  • Perform analyses to support Risk Appetite and monitor exposures against this in accordance with enterprise requirements.
  • Assist in identifying, assessing, recording, and responding to Operational and Compliance Risk events, ensuring accurate and timely capture in line with requirements.
  • Conduct analyses to ensure adequate governance and training are in place for effective Risk profile management.
  • Analyze risks associated with New Activities and changes to the Business, ensuring comprehensive understanding and control.
  • Support operational risk scenario analysis and stress testing for Operational Risk Capital requirements.
  • Perform analyses to support risk and control assessments for various programs, ensuring sufficient subject matter expertise for effective risk management.
  • Ensure risk and control responsibilities are integrated within FLUs, contributing to training and leading by example.
  • Engage in the implementation of standards and procedures that align with enterprise requirements, promoting sound operational and compliance risk management.
  • Utilize knowledge of the business and its offerings to identify and implement control points and processes throughout the organization.
  • Assess risks in business decision-making, considering the firm's reputation and safeguarding its clients and assets by ensuring compliance with applicable laws and regulations.

Qualifications:

  • 5-8 years of relevant experience.
  • Experience with workflow systems such as Jira and Confluence.
  • Excellent project management and organizational capabilities.
  • Proven experience in managing Manager Control Assessments or Risk and Control Self-Assessments, including risk evaluation and control identification.
  • Exceptional relationship-building and management skills.
  • Strong communication and diplomacy skills are essential.
  • Proficient in Microsoft Office, particularly MS Excel.

Education:

  • Bachelor's degree or equivalent experience.


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