Role profile
The Business Control Officer, Non-Financial Risk works within a wider First Line Business Control Office function but aligned to key Important Businesses. The role focuses on championing high-quality risk management practices, assessing and monitoring the risk profile of the EquityClear, RepoClear and CaLM Important Business Services, and ensuring compliance with risk appetite to promote a culture of risk excellence. The role will play a key part in the development and embedding of a robust 1st line non-financial risk management culture in the first line. They will ensure that operational (and other non-financial) risks are identified, owned, measured, monitored, managed and reported in order that they can be managed within an acceptable appetite and in an efficient manner to enable informed decisions to be taken and to manage threats and exploit opportunities.
Role Summary
- Supports business stakeholders in delivering and maintaining risk and control assessment, including risk evaluation and measurement, and ensures that effective risk remediation actions are identified to address control vulnerabilities.
- Maintains and updates risk framework, ensuring sound risk governance, aligned with best practice and strategic objectives and effective reporting to relevant stakeholders.
- Ensures all identified risk remediation activities identified for ‘Outside Risk Tolerance’ risks are tracked and reported within relevant governance forums.
- Contributes to the collation and preparation of materials for relevant risk reporting committees.
- Supports the LCH Business Continuity Officer with the development of elements of the Non-Financial Risk Framework and executes on the agreed risk management strategies.
- Seeks opportunities to improve the effectiveness and efficiency of the Non-Financial Risk Function.
- Develop and implement recommendations to enhance risk monitoring and reporting as defined by the BCO leadership team.
- Collaborate with Control Owners in their coverage area to ensure mitigation of risks outside of risk appetite.
What you’ll be doing
- Partner with Business, Engineering and BCO teams to embed effective controls into operation.
- Identify, assess and mitigate, as part of wider team, non-financial risks arising from people, processes, systems and external events.
- Support the design and execution of risk assessment, control testing and scenario analysis.
- Strengthen organisational resilience by supporting improved governance, controls and business continuity planning initiatives.
- Ensure adherence to regulatory expectations and internal risk management frameworks.
- Provide LCH Business Controls Officer and Important Business Services’ Leadership Team with clear, non-financial risk MI to support informed decision making.
What you’ll bring
- Confident relationship building and negotiation with stakeholders.
- Systematic and efficient work organization.
- Clear MI reporting with attention to detail.
- Critical thinking and analytical judgement.
- Continuous process improvement mindset.
- Understanding of internal and external risk frameworks and ability to map controls and metrics accordingly.
- Questioning mindset and critical assessment of evidence.
What you’ll get in return
Hybrid work arrangement based in London. The role contributes to organisational resilience and risk prevention.
Career Stage
Senior Associate
Equal opportunities
We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs.
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