Asset Management – Compliance and Operations Risk Test Senior Lead

Join our team as a leader in control evaluations and substantive testing, where your expertise will drive significant impact within the Asset Management business.

As a Senior Test Lead within the Global Asset Compliance and Ops Risk Testing Center of Excellence (CoE), you will be responsible for identifying risks, evaluating controls, and overseeing security governance. That would be crucial in advising on complex situations and enhancing the firm’s risk posture. Through collaboration and analytical skills, you will contribute to the Testing CoE’s overall success and strengthen the firm’s compliance with regulatory obligations and industry standards.

Job responsibilities 

• Lead control evaluations and end-to-end substantive testing activities, including planning, fieldwork and reporting. 
• Lead simultaneously a wide range of comprehensive reviews to independently assess the design and operating effectiveness of controls within the Asset and Wealth Management LOB. 
• Ensure compliance with internal policies, procedures, and external laws, rules, and regulations, while identifying necessary remediation actions. This includes developing and executing testing procedures, meticulously documenting results, drawing informed conclusions, making actionable recommendations, and distributing detailed compliance testing review reports.
• Foster collaboration with Compliance and Operational Risk Officers on various engagements. This includes supporting the development of detailed test scripts, facilitating issue discussions, participating in business meetings, and drafting comprehensive final reports to ensure alignment and clarity.
• Utilize advanced critical thinking skills to apply substantive testing techniques, thoroughly evaluating the effectiveness of high-risk business processes and identifying potential areas for improvement.
• Assess and monitor risks, ensuring adherence to firm standards, regulatory requirements, and industry best practices. Implement strategies to mitigate identified risks effectively.
• Collaborate with cross-functional teams and stakeholders to support the design and effectiveness of controls. Drive initiatives that enhance the business control environment through recommended updates to the Compliance and Operational Risk Evaluation (CORE) application.
• Develop and execute robust control test scripts aimed at identifying control weaknesses, determining root causes, and recommending practical solutions to enhance operational efficiency and control effectiveness.
• Document test steps and results in a comprehensive and organized manner, ensuring sufficient support and justification for testing conclusions. Maintain a high standard of documentation to facilitate transparency and accountability.
• Lead meetings with business owners at various management levels, delivering testing results and supporting sustainable control enhancements. Identify and capitalize on opportunities to strengthen controls and improve operational efficiency.

Required qualifications, capabilities, and skills:

• Extensive experience in risk management, assessment, control evaluations, or a related field, within the financial services industry. 
• Possess a strong understanding of industry standards and regulatory requirements, especially with regards to the Asset Management industry.
• Demonstrated ability to analyze complex issues, develop and implement effective risk mitigation strategies, and communicate insights and recommendations clearly to senior stakeholders.
• Proficient knowledge of risk management frameworks, regulations, and industry best practices. Ability to stay updated with evolving regulatory landscapes and adapt strategies accordingly.
• Exceptional ability to develop and communicate well-founded recommendations based on regulatory guidance and standards, ensuring alignment with organizational goals and compliance requirements.
• Highly organized and detail-oriented, with a proven track record of managing multiple priorities and delivering results in a fast-paced environment.
• Strong analytical and communication skills, with the ability to convey complex information in a clear and concise manner to diverse audiences.

Preferred qualifications, capabilities, and skills

• CISM, CRISC, CISSP, CISA, CCEP, CRCM, CRCMP, GRCP, CFA, FRM, or other industry-recognized risk and risk certifications preferred.
• A background in auditing and the ability to understand of internal controls is beneficial.
• Proficiency in MS (Microsoft Suite) Office - Microsoft Word, Excel, Access, and PowerPoint.
• Knowledge of data analytical tools such as Tableau, Altryx or Pythyon is a plus.