The Business Control Officer (BCO) will lead the implementation of a robust risk and control framework within the LMP Program in the business, consistent with LSEG policies and standards. This role will co-ordinate activity across the business and centralised first line of Defence.
Responsibilities
- Support the Head of Risk & Resilience Management D&A to:
- Establish a strong risk culture within the Program, including risk awareness and training offering
- Provide operational risk representation and oversight over all program activities impacting the business, reporting and raising any material concerns
- Ensure organisational change activities are followed and risks and issues are highlighted and handled according to requirements.
- Ensure business operational risk readiness activities are undertaken and issues are clearly owned and appropriately surfaced
- Work with the program and key partners to ensure the risks and controls of the final product or service has been documented prior to launch. Ensure controls are appropriately designed and tested where possible
- Establish first line risk processes and relationships for risk identification and assessment and to support risk-based decisions, Ensure all identified risk remediation activities identified for risks that are Outside Risk Tolerance are brought up and tracked within relevant governance forums
- Ensure limit frameworks and KRIs are in place for controlling risk exposures with thresholds set in accordance with Group Risk Appetite and procedures established for handling breaches
- Establish local governance to support risk-based decisions by the Divisional ERC, including procedures for issue escalation and reporting of incidents and breaches
- Leading the First Line of Defence (1LOD) risk assessment and maintenance of the Risk and Control Assessment working with first line of defence coordination team, including ensuring effective remediation actions are identified to address control vulnerabilities
- Responsible for raising and reporting of any ‘Outside Risk Tolerance’ risks which are risk accepted by the business and on-going re-assessment
- Lead 1LOD and present incident reviews on material incidents, including documentation of root cause and remediations to mitigate risk going forwards.
- Provide 1LOD assessment of risks associated with new strategy, new products, major projects, or overall risk profile to business partners
- Ensure self-identified issues are flagged to senior management. This hire will also co-ordinate with internal audit teams to support planned audits and review findings to plan remediation
Partner With 1st Line Of Defence Coordination Team To
- Review 2nd Line requirements and provides input into key framework design decisions at senior level
- Ensure Group Risk Policies and Standards are adhered to within the Division, including coordinating attestations and policy change oversight and waiver management
- Maintain a Risk Register regularly reviewed and updated by the business
- Coordinate the risk reporting and Ml produced by the Division to support divisional leadership and Group and Divisional risk committees to perform their risk-duties
Candidate Profile/ Key Skills
- Extensive experience in Operational and Technology Risk Management, Framework or related areas in Financial Services - preferably in Wealth or Asset Management
- Extensive experience with data and digital-based programs and developments. Experienced in Waterfall and Agile development cycles
- Previous experience of Risk Management requirements and controls to ensure compliance with external laws, internal policies, standards, regulations, and industry expectations
- Previous stakeholder management and leadership experience
- Experience working with cross functionally teams including across program and business environments
- Self-starter with a desire to investigate and leverage data
- Strong analytical and ability to influence without authority across teams
- Strong leadership skills with a positive track record of developing talent
Compensation/Benefits Information (New York applicants only):
LSEG is committed to offering competitive Compensation and Benefits. The anticipated base salary for this position is $126,600 - $235,200.Please be aware base salary ranges may vary by geographic location, city and state. In addition to our offered base salary, this role is eligible for our Annual Incentive Plan (AIP/”bonus plan”). Target AIP rates will be commensurate with role level and posted career stage. Individual salary will be reflective of job related knowledge, skills and equivalent experience. LSEG roles (excluding internships and part-time roles of less than 20 hours per week) are typically eligible for inclusion in our LSEG Benefits program, which includes offerings of: Annual Wellness Allowance, Paid time-off, Medical, Dental, Vision, Flex Spending & Health Savings Options, Prescription Drug plan, 401(K) Savings Plan and Company match. LSEG’s Benefits plan also includes basic life insurance, disability benefits, emergency backup dependent care, adoption assistance commuter assistance etc.
LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.
Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.
Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.
LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.
We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.
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