Risk Analyst - Control Transformation Project

Outside IR35 & Immediate start

Overview

This role is part of a central function responsible for delivering first-class standards in controls management, protecting customers and the business. The function supports day-to-day activities and growth strategies through efficient, effective risk and controls management. Alongside ensuring good customer outcomes, it creates a robust and safe environment for colleagues to deliver exceptional performance.

Purpose of the Role

This role supports the delivery of the Retail Controls Transformation Programme by providing both risk analysis and PMO-style programme support. The Risk Analyst will analyse outputs from process mapping and risk/control assessments, track and report key metrics, maintain audit trails, and ensure alignment with the organisation’s risk taxonomy and control library. The role is critical in providing data-driven insights and programme coordination to inform decision-making and governance.

Key Responsibilities

• Data Analysis & Reporting
• Analyse outputs from process mapping tools (e.g., Blueworks) and risk/control assessments.
• Track and report: Total number of processes mapped vs. population in scope.
• Number of risks identified and mapped.
• Number of controls mapped, aligned to the control library and risk taxonomy.
• Number of control gaps identified.
• Number of workshops held and stakeholder participation.
• Governance, Audit Trail & PMO Support
• Maintain a comprehensive audit trail of all stakeholders and SMEs involved in mapping activities.
• Ensure documentation is complete, accurate, and accessible for audit and assurance purposes.
• Support the Project Manager in planning, monitoring, and preparing governance packs, dashboards, and MI reports.
• Coordinate programme activities, maintain action logs, and monitor progress against milestones.
• Stakeholder Engagement
• Liaise with Controls Transformation Analysts to validate and interpret mapping outputs.
• Collaborate with Risk, Compliance, and Internal Audit to ensure consistency in risk/control classification.
• Quality Assurance
• Review mapping outputs for completeness and accuracy.
• Ensure risks and controls are appropriately linked and documented in line with internal standards.

Skills & Experience

Essential:

• Experience in risk analysis, operational risk, or controls assurance within Financial Services.
• Experience providing PMO or programme coordination support in change, risk, or regulatory projects.
• Strong analytical skills with proficiency in Excel, Power BI, or similar tools.
• Familiarity with risk taxonomies, control libraries, and RCSA frameworks.
• Understanding of process mapping tools and methodologies (e.g., IBM Blueworks Live).
• Excellent attention to detail and ability to manage large datasets.