Risk and Controls Senior Analyst – IRR Programme

The role supports controls identification, review and policy interpretation tasks on the STDF IRR Programme Workstream. The roleholder will work closely with Programme and Project Managers and business teams to review and document control processes, policy rules and mappings for multiple regulatory submissions and exercises.

The role also involves working with compliance teams to establish current compliance standards and make proposals to bring reporting templates to full compliance. The scope covers reconciliation controls, adjustment controls, analytical review controls, senior management review, calculations and governance, interpretation of rules to reports, EUCs, models and data.

Quick Facts

• Programme: STDF IRR Programme Workstream
• Focus: controls identification, review, policy interpretation and regulatory reporting compliance
• Coverage: reconciliation, adjustment and analytical review controls; senior management review; calculations and governance; rule interpretation; EUCs, models and data

Description

Business Analysis

• Become familiar with the Risk Management Framework, including the Risk Taxonomy and Control Library, to ensure process and control assessments follow applicable policies and procedures.
• Probe processes and identify risks from an end-to-end reporting view; determine the correct controls across risk points.
• Determine control gaps and completeness of controls and processes across the stress-testing population for each exercise, jointly with operating process analysts.
• Assess control design and operational effectiveness. Where issues are identified, including reporting resubmission issues, perform root-cause analysis and assess wider impacts across processes, businesses and entities.
• Propose and agree remediation actions with stakeholders, including refinements to control standards or process designs where needed.
• Work with business report owners to enhance controls to the required standard and propose improvements to bring reporting templates to full compliance.
• Document control processes in relevant systems of record and formalise business process controls, Business Automated Controls, End User Computing, Models and Calculations.
• Work with other workstreams and core process owners to track controls and compliance items through to resolution.
• Apply risk and controls considerations across the broader business Operating Model and related systems, including workflow tooling.
• Deliver workshops for process and control walkthroughs. Produce and present materials that help stakeholders understand risk and control concepts and demonstrate adherence to standards.
• Produce reporting to measure, monitor and communicate work progress.
• Negotiate pragmatic approaches with stakeholders to complete reviews amid competing priorities and business demands.

Training and Support

• Support Programme and Project Managers by identifying gaps in current processes and making relevant proposals.
• Facilitate conversations with business stakeholders, external vendors and service providers.
• Contribute to impact-assessment activities and work-effort assessments.
• Train new team members and set standards for project artefacts completed by team members.

Key Skills and Qualifications

• Familiarity with stress-testing regulatory reporting processes, templates and requirements; PRA/BoE rules are essential, while knowledge of other regulators is beneficial.
• Experience with reporting policy rules, interpretations and reporting compliance.
• Strong process-mapping and controls-focused business analysis and documentation background, with 10–12 years of prior experience in similar roles.
• Proven ability to document and verify process understanding and perform thorough risk and controls assessments.
• Ability to engage new stakeholders, obtain required information, lead process discussions, and close and document gaps.
• Attention to detail and ability to work independently.
• Demonstrable business analysis and business process skills.
• Ability to document and communicate concepts, flows and designs clearly and concisely.

Desirable Skills

• Experience designing control test scripts, executing controls testing, gathering evidence to support conclusions, and writing formal review and findings reports.
• Working knowledge of controls and traceability tools.
• Previous experience on finance projects.
• Ability to work with demanding business stakeholders.