Risk Assurance Reviewer - Edinburgh, United Kingdom - Financial Conduct Authority

Financial Conduct Authority

Verified Company

Edinburgh, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Risk Assurance Reviewer

Salary:
National ranging from £49,700 to £64,000 and London from £53,300 to £70,000

Ar_e you interested in joining a team that helps the organisation to _mitigate external and internal risks?_

The team/department

The Risk and Compliance Oversight Division (R&CO) is the FCA's second line of defence.

The division works in partnership with senior management, members of the Board and colleagues across the organisation to mitigate the external and internal risks to the FCA's statutory objectives.

One of the key ways it does that is by carrying out assurance work across the organisation and to make recommendations on how the FCA can improve the management of its risks.

The findings of this work are shared with the FCA's senior management and members of the Board.

We are now recruiting for a talented Senior Associate to join our Independent Reviews, Assurance and Complaints Department, in the Risk and Compliance Oversight Division on a permanent basis.

What you will be doing

This an internal facing team which delivers a programme of reviews.

You will be part of a small team producing evidenced based work of a high standard, identifying specific findings, root causes and common themes.

By doing so, you will provide credible assurance to senior management that risks are being appropriately managed across the FCA and promote continuous improvement in the quality of judgements and risk management.

Through this role you will gain an opportunity to carry out work across the FCA, learn about the range of activities it undertakes and play a direct role in helping the FCA to better deliver on its objectives.

You will also work closely with senior management within R&CO and the other FCA Divisions.

The key responsibilities of the post holder will be:

Carrying out desk-based reviews and interrogating information from a wide range of sources, including case management systems, process documents, project board papers and reports to divisional risk and executive committees
Conducting interviews with internal stakeholders at all levels across the FCA to supplement the document reviews, discuss root causes of issues and identify improvements
Forming a view on whether a weakness has been identified, understanding why it occurred in the first place and making recommendations-
Drafting succinct and high-quality reports to be presented to business areas and executive-level committees
Undertaking assessments against the FCA's criteria for potential regulatory failures and ensuring that the organisation learns the lessons from these events

What will you get from the role?

Working in R&CO, you will be an impartial voice in the FCA, providing strong oversight of the organisation's activities and approach, through challenge and assurance.

You will gain exposure to a wide variety of business areas and to some of the most important programmes of work across the organisation, including Transformation and Business Plan priorities.

This role will offer a unique insight into risk management across the FCA, and interesting and rewarding work with the opportunity to:

Make a real difference to the FCA's continuous improvement by identifying areas of improvement and lessons to be learned
Build upon your existing skills and knowledge and develop your career
Gain an understanding and experience of different divisions and sectors across the FCA
Work with and influence a wide range of internal stakeholders and in doing so, build your network of contacts
Provide assurance opinions to and engage with senior management across the FCA

Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle.

You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash.

Core benefits that you will receive as standard are:

25 days holiday per year plus bank holidays
Private healthcare with Bupa
A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age
up to 12% a month once you reach age 35)
Life assurance of eight times your basic salary
Income protection

We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations.

The skills and experience you will have

Minimum- Experience leading or contributing to analytical outputs, such as investigations, risk assessments, or research report- Experience of reviewing and assessing multiple sources of information to form evidence-based judgements and summarise key issues, and risks and trends- Experience in proposing pragmatic recommendations and solutions to real problems

Essential- Experience of managing complex information on a wide range of issues to extract key risks and i