Job Description:

Job information Risk and Control Senior Analyst from the Company ICBC Standard Bank, this latest Risk and Control Senior Analyst job vacancy is located in the city Hybrid work in London located in the country United Kingdom . This latest job opening is open to job seekers who have the latest education / graduate GCSE . Job Vacancies in this Finance field have been opened and published up to the specified time.

Job Responsibility:

Location: London

Hybrid Working: 3 days in office, 2 days from home

ICBC Standard Bank Plc (ICBCS) is 60% owned by Industrial and Commercial Bank of China and 40% by Standard Bank. ICBCS benefits from a unique Chinese and African parentage and an unrivalled global network and level of expertise.

ICBCS is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and the markets in which we operate. We deliver products in an environment which considers the appropriate needs of our clients, whilst providing guidance and expertise to ensure our employees understand our business and uphold the highest levels of conduct. We want passionate and talented individuals who are motivated by high growth potential being achieved in doing business the right way.

Headquartered in London, ICBCS also has operations in Shanghai, Singapore, and New York.

Division Summary

The Operations department is responsible for ensuring the complete end-to-end processing of the Bank's transactions and services. They are responsible for ensuring that the appropriate control framework exists to ensure the accuracy of this processing as well as the recording of this in the Bank's books and records. Operations is also responsible for the accurate and timely reporting of the Bank's transactions to multiple regulatory stakeholders globally.

The Operations department performs the following functions:

• Trade Support
• Financial & Physical Settlements
• LME Trade Clearing Services
• Clearing and Vaulting Services
• Structured and Banking Products support
• Facilitation of trade finance and documentary credit products
• Confirmations
• Collateral Management
• Operations Control & Balance sheet substantiation
• Nostro production and reconciliations
• Risk and control oversight and monitoring
• Regulatory Operations
• Cash, Interest Claims and Nostro management
• Brokerage Services
• FX, Money Market, OTC Derivative & Security settlements
• Payment Sanctions screening

Job Purpose The Risk and Control Analyst is responsible for assisting in the day-to-day functioning and performance of Risk and Control team functions in London. The purpose of Operations Control is to define and maintain a framework for the Operations department which ensures that risks and control deficiencies are continuously identified, assessed, mitigated and remediated in a timely and transparent manner in line with the Bank's risk and control framework.

Operations Control fulfils this role by:

• defining and implementing processes to identify and manage risks within the Operations department including operational risks, regulatory risks, conduct risks, cyber security risks and financial crime risks (including, but not limited to, risks associated with money laundering, terrorist financing, bribery and corruption, sanctions breaches and fraud);
• implementing processes which successfully detect control failures within or relating to the Operations department;
• performing and acting on root cause analysis;
• performing spot checks and reviews to ensure the Operations department's control framework is reliable and robust;
• driving a forward-looking and proactive quality assurance programme;
• providing meaningful risk and control reporting for the Co-Head of Operations;
• providing oversight of any remedial work programmes in the Operations department, particularly those designed to remediate regulatory risks;
• ensuring that the Operations department has adequate written policies and procedures/working instructions in place with appropriate governance over those documents;
• taking ownership for the timely remediation of findings raised by the Bank's second line of defence and third line of defence functions, and working with Operations teams to ensure that issues are appropriately resolved to prevent reoccurrence;
• working in partnership with enabling functions in the Bank to ensure that controls are adequately identified using the Risk and Control Self-Assessment ("RCSA") process and monitored appropriately via the Key Control Indicators ("KCI") process; providing oversight of the Operations department's business continuity plans, as well as the testing approach and risk assessment outcomes from this process;
• providing support and oversight of functional teams to ensure that change is effectively embedded in the Operations department; and
• delivering risk and control training to Operations staff.

Operations Control consists of the following teams:

• Risk and Control (which has a presence in both the Bank's London and Singapore offices);
• Balance Sheet and Reconciliation Control

Key Responsibilities

The main focus of this role is to carry out the key Risk and Control functions in respect of the oversight of the Bank's Commodity Operations department and in maintaining the integrity of the Risk and Control Framework. Risk management

• Identifying and managing risks within Operations department including operational risks, regulatory risks, conduct risks, cyber security risks and financial crime risks (including, but not limited to, risks associated with money laundering, terrorist financing, bribery and corruption, sanctions breaches and fraud).
• Undertaking regular reviews of controls within the Operations department to ensure that these are fit for purpose.
• Working collaboratively with the Operations teams on risk management and control enhancements (but without doing the work for them).
• Escalating promptly new risks to the Risk and Control Manager.
• Proactively and promptly managing any risk incidents that relate to or impact the Operations department.
• Performing and acting on robust root cause analysis of incidents.
• Delivering a forward-looking and proactive quality assurance programme.
• Ensuring that the Operations department has adequate written policies and procedures/working instructions in place with appropriate governance over those documents.
• Taking ownership for the timely remediation of findings raised by the Bank's second line of defence and third line of defence functions and working with Operations teams to ensure that issues are appropriately resolved to prevent reoccurrence.
• Working in partnership with enabling functions in the Bank to ensure that controls are adequately identified using the RCSA process and monitored appropriately via the KCI process.
• Reporting promptly any significant performance, service or risk incidents

Leadership and management

• Leading and managing Risk and Control initiatives under the direction of the Risk and Control Manager.
• Demonstrating commitment and attention to delivering an excellent service from the Operations department.

Client service

• Ensuring that the service provided is delivered to an excellent standard.
• Working collaboratively and effectively with other Operations teams in all global locations to enable excellent service to be delivered by the Risk and Control department to internal and external clients.

Stakeholder management

• Ensuring that you work collaboratively with other departments in the Bank, particularly when providing information, contributing to Bank-wide initiatives/projects, and reporting information to management.
• Contributing to the Operations department's input into the Bank-wide New Products Process.

Processes and procedures

• Operating within the defined processes and procedures and ensuring that these remain up to date.
• Taking proactive steps to optimise processes within Risk and Control on a continuous basis.
• Providing support and oversight of Operations teams to ensure that change is effectively embedded in the Operations department.

Skills and knowledge

• Demonstrate continuous development in knowledge and skills relevant to this role (with line manager support where appropriate).
• Staying abreast of industry matters affecting, or potentially affecting, the work performed by Risk and Control including evolving standards or new working practices.

Culture

• Role modelling the Bank's values and promoting those values within the Operations department.
• Promoting integrity and openness within Risk and Control, and in its client and stakeholder service.
• Supporting integration initiatives between the Operations department and ICBC head office / other ICBC entities.

Preferred Qualifications and Experience

Experience required to successfully perform the role:

• Previous experience working in a Commodity Operations function within a financial institution (whether in a control or other capacity)
• Previous experience of risk management including risk identification and determining / delivering solutions

Knowledge, technical skills and expertise:

• Understanding of UK banking business and Operations
• Good knowledge of risk analysis and management methodologies and practices
• Good understanding of Commodity trading, financing and clearing activities

Personal attributes:

• High level of integrity
• Self-starter
• Focused on results and delivery
• Effective stakeholder and staff manager
• Resilient

The role would suit someone who:

• Works well under pressure

Keywords : London jobs
Closed Date : 2025-07-14