About the job
The Business Control Officer (BCO) will lead the implementation of a robust risk and control framework within the business, consistent with LSEG policies and standards. Reporting to the Head of Business Management, Data & Feeds part of LSEG Data & Analytics, this role will co-ordinate activity across the business and centralised first line of Defence.
This role is well suited to a risk professional (looking to drive strong risk culture) in a business aligned role in a dynamic growth business in Financial Information Sector in London.
Responsibilities
Support the Head of Business Management to:
Establish a strong risk culture within the ProgramBusiness, 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 and 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 skills and ability to influence without authority across teams
Strong leadership skills with a positive track record of developing talent!
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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