REQUIREMENTS

• Qualifications in any of the following specialisms would be beneficial: Risk Management, Audit, Compliance, Project Management, Process Mapping
• Knowledge of financial services, financial markets utilities or another highly regulated industry sector is essential
• Proven experience of managing internal audit engagement, control delivery/remediation and audit validation either from a 1LOD ownership perspective or 2LOD/3LOD validation
• Experience engaging with regulators, both in person and in the preparation of documentation is essential
• Highly proficient IT skills in Word, Excel, PowerPoint
• Excellent verbal and written communication skills with ability to adapt to the audience (junior/senior, internal/external) to be effective and meaningful, breaking down complex problems in an easy-to-understand manner
• Although operating at a senior level, attention to detail is essential, must demonstrate high standards to control and risk oversight
• Ability to ‘speak up’, break down barriers and provide constructive challenge

ABOUT THE ROLE

FDM is a global business and technology consultancy seeking a 1LOD Risk and Control Executive Director to work for our client within the financial services sector. This is initially a 3- month contract with the potential to extend and will be a hybrid role that based in London.
Our client is looking for an experienced 1LOD Risk and Control Executive Director to join their CCO leadership team. You will be responsible for improving the oversight of non-financial risks and providing cross functional oversight across the first line. You will be expected to drive behaviours to foster a risk-aware and risk intelligent culture where employees recognise their roles as risk managers and the importance of the control framework.

RESPONSIBILITIES

• Identify and deliver best practices in control standards across the client, engaging with technology risk and control peers to ensure consistency across the CCO group where appropriate
• Leading and developing a 1LOD team to develop and implement a consistent, effective, and efficient approach to the control of risks
• Lead the business engagement with Audit from proactive planning to timely deliverables to review of issues/draft remediation plans, quality assurance/quality control of remediation and closure documentation to drive positive validation outcomes
• Support the identification, assessment of risks and controls
• Oversee control assurance testing, risk and control self-assessments, assessment of inherent and residual risk
• Review remediation plans from a risk/control lens to ensure risks are sufficiently addressed, consider design/operating effectiveness, strategic/tactical solutions etc.
• Review KRIs to ensure meaningful metrics for management oversight, review/challenge breaches to understand root causes, consult on lessons learned and work with business owners to develop a ‘path to green’ where appropriate.
• Process mapping/business process management experience would be preferred but not essential
• Lead cross-function control initiatives where appropriate
• Build strong relationships with peers to enable cross functional oversight and develop and implement best practices
• Demonstrate strategic mindset, link individual activities to the wider landscape to see the big picture
• Challenge the status quo, be a catalyst for change, driving and cultivating innovative thinking to solve complex problems
• Build effective working relationships with internal and external stakeholders, negotiating effectively to bring different viewpoints together as appropriate