Manager Business Control

Risk & Business Control Manager – Financial Crime Operations London/Hybrid 12 month contract Day rate from £550 via Umbrella Company My client is one of the largest financial institutions headquartered in Japan, with an established presence across all consumer and corporate banking businesses. Through its subsidiaries and affiliates, they offer a diverse range of financial services, including commercial banking, leasing, securities, credit card, consumer finance and other services. They are looking for a Risk & Business Control Manager responsible for risk, governance and control oversight across Financial Crime Operations. The position is being offered on a 12 months contract and you will be working Monday to Friday, standard office hours with the occasional out of hours requirement in line with business needs, The position is being offered on a hybrid working basis being office based 3 days a week, 2 days working from home. Purpose of Job The purpose of the Risk & Business Control Manager within OAD Planning Risk & Control (FCMO), is to provide effective oversight, challenge and coordination of the risk and control environment across FCMO, ensuring that:

• Risks are proactively identified, assessed, monitored and managed within the Bank's risk appetite and regulatory requirements.
• The control framework remains robust, comprehensive and effective, with appropriate governance, monitoring and remediation of control weaknesses.
• Business activities are conducted in accordance with internal policies, regulatory obligations and the organisation's values, promoting a strong risk culture and sustainable operational resilience.
• Risk, audit and compliance issues are effectively tracked, escalated and remediated, with clear accountability and timely reporting to senior management and relevant governance forums.
• Strategic change initiatives, process improvements and business growth are supported through appropriate risk assessment and control oversight. Accountabilities & Responsibilities This role is responsible for:
• Partnering with FCMO management, process owners and control owners to identify, assess, monitor and manage operational and financial crime risks arising from customer onboarding, periodic and event-driven reviews, KYC data maintenance, sanctions and PEP screening, transaction monitoring, fraud controls and related regulatory processes.
• Maintaining effective first-line risk and control governance across FCMO, including ownership and oversight of risk and control assessments, control inventories, KRIs, KCIs, procedures, management information and reporting to relevant governance forums.
• Analysing FCMO control performance, customer review and alert backlogs, quality assurance results, risk ratings, incidents, breaches, audit findings and compliance actions to identify emerging risks, thematic weaknesses and areas requiring management attention or remediation.
• Coordinating the investigation and management of FCMO operational risk events and control failures, ensuring root causes are identified, corrective actions are appropriately designed, lessons learned are applied across relevant teams and remediation is tracked to timely completion.
• Leading or supporting targeted risk and control reviews across FCMO processes, including assessments of control design and operating effectiveness, procedure adherence, data quality, workload and capacity, escalation arrangements and end-to-end customer journeys.
• Overseeing FCMO audit, compliance and regulatory actions, providing robust challenge to action owners, escalating delivery risks and supporting the production of clear evidence to demonstrate sustainable remediation.
• Assessing the risk and control impact of regulatory, policy, process, system and organisational changes affecting FCMO, and ensuring that implementation plans, procedures, training, governance and post-implementation monitoring are proportionate and effective.
• Building effective relationships across FCMO, Front Office, Operations, Financial Crime Compliance, Risk, Legal, Technology and Internal Audit, providing independent challenge and promoting clear ownership, timely escalation and a strong risk and control culture. Knowledge, Skills, Experience & Qualifications
• Risk and Control Management. Strong understanding of non-financial risk frameworks, first-line control responsibilities and the design, assessment, monitoring and remediation of controls within a regulated financial crime operations environment.
• FCMO Business Knowledge. Strong knowledge of FCMO's first-line activities, including customer onboarding, periodic and event-driven reviews, customer risk assessment, KYC data maintenance, sanctions and PEP screening, transaction monitoring, fraud controls, quality assurance and regulatory control processes.
• Financial Crime Risk and Regulation. Good understanding of AML/CTF, sanctions, fraud, PEP and adverse-media risks, together with relevant EMEA regulatory expectations and the application of risk-based customer due diligence and escalation requirements.
• Governance, MI and Issue Management. Demonstrable ability to analyse KRIs, control performance, operational incidents, backlogs, quality findings, audit and compliance actions and regulatory matters; identify trends and emerging risks; and provide clear, timely reporting to management and governance forums.
• Stakeholder Management and Communication. Proven ability to act as a trusted adviser, provide robust and independent challenge, and work effectively with Front Office, Operations, Financial Crime Compliance, Risk, Legal, Technology and Internal Audit. Able to translate complex financial crime and control matters into concise analysis, decisions and actions. Specific requirements:
• Relevant experience in a Business Control Officer, risk and control, financial crime operations, compliance monitoring or audit function within a major financial institution.
• Strong analytical and numerical capability, with experience of producing risk and control MI, identifying thematic weaknesses and supporting prioritised remediation.
• Practical knowledge of end-to-end FCMO processes and their supporting systems, data, procedures and controls across EMEA; relevant risk, compliance or financial crime qualifications are desirable. Candidates must show evidence of the above in their CV to be considered. Please be advised if you haven't heard from us within 48 hours then unfortunately your application has not been successful on this occasion, we may however keep your details on file for any suitable future vacancies and contact you.