London Stock Exchange Group

Business Control Officer

The Business Control Officer (BCO) will lead the implementation of a robust risk and control framework within the business, consistent with LSEG policies and standards. Reporting to the Head of Business Management, this role will co-ordinate activity across the business and centralised first line of Defence.


Support the Head of Business Management to:

  • Establish a strong risk culture within the Division, including risk awareness and training offering
  • Ensure business processes are robust, clearly owned, and operating procedures are well documented
  • Ensure controls are appropriately designed, operating effectively and periodically reviewed/tested. Document controls to ensure a complete and accurate control inventory, including the review and challenge of relevant risk-based control testing in line with Group Framework / Guidance
  • Establish first line risk processes within the Division for risk identification and assessment and to support risk-based decisions, including (but not limited to): Risk and Control Assessments, New Product and Market Approvals, Third Party Risk Management, Financial Crime Compliance, etc. Ensure all identified risk remediation activities identified for ‘Outside Risk Tolerance’ risks are escalated and tracked within relevant governance forums
  • Ensure limit frameworks and KRIs are in place for controlling risk exposures with thresholds set in accordance with Group Risk Appetite and procedures established for managing breaches
  • Establish local governance to support risk-based decisions by the Divisional ERC, including procedures for issue escalation and reporting of incidents and breaches
  • Leading the First Line of Defence (1LOD) risk assessment and maintenance of the Risk and Control Assessment (RCA) working with central first line of defence, including ensuring effective remediation actions are identified to address control vulnerabilities
  • Responsible for escalation and reporting of any ‘Outside Risk Tolerance’ risks which are risk accepted by the business and on-going re-assessment
  • Lead 1LOD and present incident reviews on material incidents, including documentation of root cause and remediations to mitigate risk going forwards. Provide 1LOD expert assessment of risks associated with new strategy, new products, major projects, or overall risk profile to business stakeholders
  • Ensure self-identified Audit issues are flagged to senior management. This hire will also co-ordinate with internal audit teams to support planned audits and review findings to plan remediation

Partner with Centralised 1st line of defence to:

  • Review Line 2 requirements and provides input into key framework design decisions at senior level to ensure the approach works for the division
  • Ensure Group Risk Policies and Standards are adhered to within the Division, including coordinating attestations and policy change oversight and waiver management
  • Maintain a Risk Register within the Division regularly reviewed and updated by the business
  • Coordinate the risk reporting and Ml produced by the Division to support divisional leadership and Group and Divisional risk committees to perform their risk-duties

Candidate Profile/ Key Skills:

  • Extensive experience in Risk Management, Framework or related areas in Financial Services - preferably in Wealth or Asset Management
  • Deep understanding of risk and risk management
  • Previous experience of Risk Management requirements and controls to ensure compliance with external laws, internal policies, standards, regulations, and industry expectations
  • Previous stakeholder management and leadership experience
  • Experience working with cross functionally teams such as tech and non-tech environment
  • Self-starter with a desire to deep dive and leverage data
  • Strong analytical and ability to influence without authority across teams
  • Strong leadership skills with a positive track record of developing talent

Compensation/Benefits Information (New York City applicants only):

LSEG is committed to offering competitive Compensation and benefits. The anticipated base salary for this position is $121,400 - $225,600.Please be aware base salary ranges may vary by geographic location, city and state. In addition to our offered base salary, this role is eligible for our annual incentive (AIP/'bonus plan'). Target AIP rates will be commensurate with role level and posted career stage. Individual salary will be reflective of job related knowledge, skills and commensurate experience. All roles are typically eligible for inclusion in our LSEG benefit program, more information & details will be provided at time of offer.
Contract: Full Time
Region: Greater London
Location: London EC4M 7LS
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