Risk & Controls Lead /Set up and lead controls testing function
Posted 1 week ago by i-confidential
Negotiable
Inside
Hybrid
London Area, United Kingdom
Summary: The Risk & Controls Lead will establish and lead a centralized controls testing function for a six-month period, focusing on enhancing the organization's control environment through testing, advisory, and issue management support. This senior role requires collaboration with internal stakeholders and effective communication of testing outcomes to senior leadership. The position is based in London with a hybrid working model, requiring two days per week onsite. The role is classified as inside IR35.
Key Responsibilities:
- Set up and lead a centralised controls testing function within the first line of defense.
- Increase the volume, professionalism, and visibility of controls testing across the business.
- Provide expert controls advice to business units, ensuring alignment with regulatory and internal standards.
- Support issue management, offering guidance on remediation and tracking (minor part of the role).
- Collaborate with internal stakeholders, including the CRO, who will assist with documentation and setup.
- Ensure effective communication and reporting of controls testing outcomes to senior leadership.
Key Skills:
- Proven experience in controls testing, risk management, or internal audit within a financial or regulated environment.
- Strong understanding of first-line control functions and their role in enterprise risk management.
- Ability to design and implement testing frameworks and methodologies.
- Excellent stakeholder management and communication skills.
- Comfortable working at a senior level and influencing across the organisation.
- Professional certifications such as CIA, CISA, CRMA, or equivalent are advantageous.
- Experience working in London-based financial services or similar regulated industries.
Salary (Rate): undetermined
City: London
Country: United Kingdom
Working Arrangements: hybrid
IR35 Status: inside IR35
Seniority Level: Senior
Industry: Other
Risk & Controls Lead / Set up and lead controls testing function
Location: London (Hybrid – 2 days/week onsite)
Contract Type: (6 Months) (Inside IR35)
Seniority Level: Senior
About the Role
We are seeking a seasoned professional to establish and lead a Controls Office for a six-month period. This first-line role is pivotal in enhancing the organisation’s control environment through centralised testing, advisory, and issue management support.
Key Responsibilities
- Set up and lead a centralised controls testing function within the first line of defense.
- Increase the volume, professionalism, and visibility of controls testing across the business.
- Provide expert controls advice to business units, ensuring alignment with regulatory and internal standards.
- Support issue management , offering guidance on remediation and tracking (minor part of the role).
- Collaborate with internal stakeholders, including the CRO, who will assist with documentation and setup.
- Ensure effective communication and reporting of controls testing outcomes to senior leadership.
Required Skills & Experience
- Proven experience in controls testing, risk management, or internal audit within a financial or regulated environment.
- Strong understanding of first-line control functions and their role in enterprise risk management.
- Ability to design and implement testing frameworks and methodologies.
- Excellent stakeholder management and communication skills.
- Comfortable working at a senior level and influencing across the organisation.
Preferred Qualifications
- Professional certifications such as CIA, CISA, CRMA, or equivalent are advantageous.
- Experience working in London-based financial services or similar regulated industries .
Working Arrangements
Hybrid working model with 2 days per week in the London office . Collaboration with internal teams and external partners to ensure successful setup and transition. Please note this requirement does not support overseas working and will be Inside IR35 .
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