Controls Assurance

Nicoll Curtin Technology
80000.00 - 110000.00 GBP Annual
18 May 2017
22 May 2017
Contract Type
Full Time

Controls Office - Investment Banking Front Office, Controls Testing & Assurance (London)

Grade: Vice President (Manager)

Location: London


The Controls Office was established to implement and maintain a best in class control framework.
Responsibilities extend to all the Investment Bank, covering the Markets, Research and Banking businesses.

The group focuses on a number of key elements:

Operational Risk Management, including Risk and Control Self Assessment process
Front to Back framework of controls and assurance
Governance, Policies and Standards
Controls Testing and Assurance
Conduct Risk & Conflicts of Interest


The Controls Assurance testing Vice President (VP) will design and execute the Lesson Learnt process across the Investment Bank Front Office and support execution across the Investment Bank Support Functions to ensure conformance with the Group Enterprise Risk Standards.
The Controls Assurance VP will ensure that businesses and functions learn from the remediation of risk and control issues identified as a result of events impacting other areas - when relevant.


The Controls Assurance Vice President (VP) will be responsible for ensuring the fulfilment of the Chief Control Office's responsibilities for supporting and overseeing the Investment Bank First Line of Defence (FLOD) through the Enterprise Lessons Learnt assurance and audit process.
Develop working relationships with senior Front Office banking management to ensure they understand their risks and have controls and processes in place to manage those risks.
Develop productive working relationships across support functions and 1st and 2nd lines of defence to ensure coordination of the Enterprise Lessons Learnt assurance process.
Challenge the content of risk event descriptions, issues and actions for Major and Critical risk events.
Challenge the findings and quality of Lessons Learnt Assurance Assessments and Audits.
Review how issues identified are resolved and whether actions taken are suitable and sustainably implemented.
Work with the Banks Controls Office teams and Front Office Risk & Control in providing opinions and views on the status of controls in the various asset classes across the Front Office.
Have strong understanding of Capital Markets (trade products) and Investment Banking products within a top tier financial institution.
Understanding of modern governance, risk, controls assurance techniques or audit.
Strong networking & senior stakeholder management skills and able to negotiate and influence effectively.
Ideally understanding of the key market, credit, conduct and operational risks operating across each asset class operating in a trading floor.


  • Bachelor's degree or equivalent work experience
  • Financial services experience (controls assurance, audit, risk assurance or enterprise risk)
  • Experience in either a Front Office supervisor role, internal audit, operational risk management or related disciplines, in the financial services industry
  • Ideally commercial and product experience for all vanilla trading products
  • Good organization, planning and project management abilities.
  • Full understanding of the key market, credit and operational risks operating across each main asset class operating in a major trading floor and Investment Banking business.