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CAOO Risk & Data Analytics Officer

Salary: £120,000 plus - London

This role will help design, develop and lead a risk and data analytics team that supports the Client Asset Oversight Office and its future operations throughout the group. The small team that this role holder must lead and manage will also be required to manage and monitor the progress of whole of group improvements programs which include internal and external audits and compliance reviews.

 

Our Client's group of companies consists of regulated firms throughout the region. This role is located in the UK which is the regional hub and home to a US custody bank branch and an international broker-dealer with several branches.  The Office also covers the governance arrangements of a large European Bank headquartered in Dublin and will expand its governance responsibilities further in light of Brexit arrangements the firm is planning.

 

These firms and others throughout the region employ thousands of staff.  The size of ‘Client Assets’ held by these companies is one of the largest undertakings in the world. There have been significant changes to legislation and regulation in the field of client asset protection and the expectations on firms to comply without failure is high. The current regulations are considered an area of high specialism and their application across a comprehensive business is very broad.

 

Evidencing that appropriate systems and controls are in place and operating effectively is of critical importance to satisfy internal stakeholders (both governance bodies and accountable individuals), Compliance, Internal Audit as well as external auditors and regulators.

The Client Asset Oversight Office has designed, built and embedded a client asset risk evaluation tool to ensure consistency across their client asset holding businesses. Further developments of this model are required that increase automation and make fuller use of the data that the tool collates to provide predictive risk information.  

The small team is also tasked with identifying other opportunities to develop business insights that make the most effective use of the other information and data that this Office produces and routinely reports thereon. The Client Asset Oversight Office has designed, built and embedded a client asset risk evaluation tool to ensure consistency across their client asset holding businesses. Further developments of this model are required that increase automation and make fuller use of the data that the tool collates to provide predictive risk information.  

The CAOO processes a large amount of data from across the group and is looking to advance its capabilities by using the data is holds and reports for wider business benefits, such as proactive risk issue identification, trends and forecasting.  Overseeing group improvement programs and audits is another important area that this team must deliver.

Key Responsibilities:

 

  • Be a member of the senior leadership team of the CAOO and provide support to the EMEA CAO Officer as required.
  • If qualified to do so, alternate for the designated regulatory functions within the Office.
  • Manage and develop a small team of SMEs and analysts against specific team objectives and those of the wider group.
  • Create partnerships will relevant stakeholders across the group and ensure engagement with staff from the various business lines and infrastructure teams is productive in furthering the aims and ambitions of the group.
  • Be responsible for the quality, timeliness and accuracy of management information produced that is properly submitted to the Office
  • Support the EMEA and Legal Entity CAO Officers within the group produce accurate and timely data and information for the fulfillment of their regulatory obligations.
  • Lead and Direct the development of the CAOO’s risk tool so as to provide greater predictive information.
  • Work as a partner with and through Technology, Operational Risk and other stakeholders to progress a solution to automate the client asset risk evaluation tool
  • Lead the coordination for EMEA client asset protection external audits, manage each provider, engage the businesses and functions appropriately and ensure all the reviews and audits are delivered across the group, effectively.
  • Direct the project tracking of significant change programs that impact the work of the group and the EMEA client assets governance framework roll-out.

    Development Value:

  • The holder is expected to be an accomplished manager and leader and possess a degree of technical knowledge in the field of client asset regulations which will be applied and enhanced through closely working with the CASS subject matter experts (SMEs).
  • A unique opportunity to work across an unprecedented breadth of businesses and create a group-wide analytical framework in the field of client asset protection; with access to information about business practices, infrastructures, business models and systems in a world-leading bank.
  • The opportunity and platform from which to ‘be the best’ for our clients within this field of expertise.
  • The opportunity to develop pan-European knowledge in the risk and client assets areas.

    Knowledge/Experience:

     

  • Extensive experience in the field of financial services and/or banking
  • Extensive experience in information reporting
  • Relevant experience and applied knowledge in the UK’s (or equivalent) Client Asset Rules
  • Experience working with Technology to build and/or develop IT systems would be beneficial
  • Experience in either operational risk management, risk and control frameworks, internal controls from a risk, accountancy, auditing or CASS SME background

    Skills & Competencies:

     

  • Excellent written and oral communications skills, with a commanding and convincing delivery
  • Excellent stakeholder manager and collaborator with contemporaries and peers and possessing the ability to understand drivers and overcome barriers
  • Analytical (with data in particular) and the ability to comprehend complexity and engage strategically and with clarity
  • Knowledge of and experience in the field of risk management
  • Proven, practical solutions-driven approach to problems

    Qualifications:

     

  • Educated to degree level or equivalent
  • Likely to have obtained post-graduate level of education, or experience that demonstrates this level of competence
  • Is probably a member of one or more professional bodies (e.g. risk, legal, accountancy)
  • Exceptional candidates without these qualifications will be considered

 

For more information contact Jake Wyatt

Associate Director. Recruitment
Phone: 01732 746 668
Email Jake

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