Assistant Manager - Audit Business Risk

Business Risk Officer
The Business Risk Officer supports the Head of Business Risk through a wide variety of projects. The objective of the role is to ensure that the Firm's core risk policies are complied with. The audit landscape is changing, and in order for the Business Risk Function to continue to support the Business, the Risk Function needs to be proactive and not reactive to risk.
The Business Risk Function is embedded into the Audit Function and as such is an integral and important part of the audit function. As the risk environment evolves, due to changes in legislation and reporting standards, the current policies and processes will need to be aligned to those changes. In order to achieve this successfully the Function works closely with other areas of the business such as Central Risk, Office of General Counsel, Finance and Sentinel.
The role requires initiative and flexibility, suiting an efficient organiser. To be successful, the job holder will need to be confident, assertive, have the ability to prioritise their own workload and be responsive to changing priorities. The role requires supporting the Head of Business Risk and will have close interaction with individuals at all levels of seniority throughout the firm.
This is a permanent role opportunity.
Duties include:

Risk MI and Risk Register - assist the Head of Business Risk in:
• Providing support in developing and managing the local risk register proactively, ensuring it is kept up to date
• Contributing to the development, reporting and management of risk MI for the benefit of the Performance Group Leadership.
• Provide support in identifying risks and identify the appropriate actions required to manage/bring back identified risks within tolerance levels
• Monitoring of the Improve or Exit' programme particularly in AIM/smaller listed entities.
• Providing risk updates and reports to the Head of Business Risk

Risk Operating System - MSD
• Managing the risk data within MSD, this will include identifying and rectifying risk errors
• To act as a Business Risk MSD Super User. You will be required to provide ongoing support, advice and training to engagement teams in regards to MSD engagement management set-up
• Analysis of data for monthly reporting which will include producing deliverables for both internal and external reviews to include Regulators
• Take ownership of the partner rotation process, working with Partners and Segment Heads. You will be required to identify potential regulatory breaches and escalate to the Head of Business Risk where appropriate
• Analysis and delivery of all Partner / Director succession planning
• Monitor the information currently held on the MSD system, ensuring that the information is set up correctly and challenge where appropriate
• Management of KGS as and when required
• Attend briefings and training sessions led by Central Audit Risk and communicate outputs back to the function
• Supporting and Advising Key Stakeholders of the Business as and when required

Annual Risk Review
• Support with output of the Segment Annual Risk Review
• Support the Head of Business Risk resolve output from the Central Risk Review Process

Regulatory Reporting:
• Supporting the Head of Business Risk with ad-hoc regulatory reporting
• Supporting the Audit with guidance when a statutory duty report needs to be issued
• Support the Head of Business Risk with the management of the statutory duty to report process and other regulatory requirements
• Supporting the Head of Business Risk with requests from the Regulatory Affairs Department and responses to regulatory queries
• Supporting requests for Regulatory Compliance Reviews which will include working with the audit teams to collate and analyse responses
• Statutory Duty to report record keeping and analysis
• Record keeping of other regulatory requirements
• Management of PRA and FCA resignation process

Ad-Hoc:
• Support the Head of Business Risk to manage the responses needed for the monthly risk analysis and OEPI tools
• Provide responses to ad-hoc queries that arise from audit teams
• Continue to work on raising the profile of Business Risk across the Firm
• Review of MFE arrangements and provide guidance to audit teams as and when needed
• Provide support with ad-hoc projects

Knowledge, Skills and Experience
• Degree Qualified
• Experience in a busy team environment
• Experience of Microsoft applications and SharePoint.
• Excellent attention to detail
• Accountability - use own initiative to provide effective support
• Drive and Resilience - time management and organisational skills
• Building Relationships - good communication skills (both written and oral)
• Problem Solving
• Flexibility - adaptable to changing situations
Experience of Microsoft Dynamics desirable but not essential