Associate Director, In-Business Control - London, United Kingdom,

£125-150k

The employer is the world's leading provider of independent credit ratings.

  • Partner with Analytic colleagues to ensure alignment between practice-specific risk priorities and broader IBC, Ratings, and Corporate priorities
  • Ensure that new (or changes to) processes and solutions are designed with necessary controls to ensure quality, risk mitigation, and adherence to policies and regulation.
  • Deliver the necessary insight to all analytic colleagues in the practice to enable effective risk-based decision making.
  • Amend process checklist to ensure alignment with processes and policies and procedures
  • Develop and update tracking and monitoring of controls
  • Carry out risk-based periodic testing of key controls; and partner with other IBC colleagues to introduce automation to control monitoring and risk assessment processes.
  • Contribute to projects that address regulatory needs (e.g. modifying processes to address changes in regulation, regulatory exams, remediation of findings, etc.)
  • Participates in (and leads as assigned) projects related to controls, quality and process improvement.
  • Advise on the development of business risk policies, procedures and internal controls
  • Manage the practices implementation of policies, procedures and controls, including participation in relevant governance processes (e.g. SOP Governance, PGG, etc.), and updating/drafting of documents as needed.
  • Work with 2nd/3rd Line departments (e.g. Compliance, Internal Controls, RRR, etc.) in order to optimize the 3 lines of defense
  • Monitor exceptions to the rating process to ensure compliance with all applicable policies and procedures and provide exception reporting to senior analytic leaders.
  • Analyzes and resolves moderately complex situations as they relate to internal controls and quality assurance activities
  • Supports risk and regulatory projects across Ratings as needed.
  • Provide support in the development of management action plans (MAPs) that address regulatory, compliance and internal audit findings.
  • Provide and support user training on policies, procedures, and controls, as well as for any systems or tools that support these functions.
  • Although the primary focus of the role is the Structured Finance practice, this role will also contribute to other IBC initiatives and processes across other practices/departments or globally as needed.
  • 5-7 years of relevant experience and knowledge of sound practices relating to building and implementing an effective system of internal controls.
  • Bachelor's degree required
  • Demonstrated understanding of internal control principles, including what constitutes effective control design.
  • The ability to analyze and provide a credible assessment of the effectiveness of the internal control structured within his or her assigned sphere.
  • An understanding of systems and reporting needed to effectively monitor control activities.
  • Ability to work with minimal oversight and provide guidance to others; and demonstrate problem solving, decision making and consensus building skills.
  • Under general guidelines and with a large degree of independence, has the ability to analyze unique, non-routine analytical or business problems in a timely and insightful manner but requires management oversight on most complicated issues/situations.
  • Knowledge of best practices in internal control testing approaches and documentation of results.
  • The ability to identify internal control deficiencies and develop potential solutions where appropriate.
  • Effective communication skills, both oral and written, and the ability to communicate at all levels of the organization.
  • Knowledge and subject matter expertise about the operational processes, risks, and regulatory considerations for the Analytic Practices.