Description
Payment Security Risk Assurance Consultant
Our client, a world leading banking and investment house, is currently recruiting for a Payment Security Risk Assurance Consultant, on initial 6 month contract, with a high possibility for extension or to go permanent, based in London.
Background:
W&G: Operational Risk & Fraud
W&G Operational Risk are required to perform assurance activities for Payment Security as part of the W&G integration and stand-up activities.
To execute targeted risk and control assurance activities with the following objectives:
Identification of risks areas within the programme which could impact W&G in BAU
Assist and advise on controls and processes to strengthen and reduce risk exposure
Ensuring W&G programme transition risks are understood and managed by correct stakeholders
Providing visibility to W&G EXCO of payment risk hotspots
Provide route for escalating to Senior Management
The purpose of this role is to provide an independent oversight and challenge to payment initiatives to ensure strategic alignment and also provide support as required to the IT Risk Oversight team.
Processes and defined and planned, this person will be involved with the implementation
Reports into Head of Oversight. There are currently 2 contractors and 9 perm headcount on team, with new starters planned for the near future.
KEY ACCOUNTABILITIES & RESPONSIBILITIES:
The purpose of this role is to provide an independent oversight and challenge to payment initiatives to ensure strategic alignment and also provide support as required to the IT Risk Oversight team. This role will be responsible for partnering and influencing key organisational stakeholders in payment areas in order to build a clear understanding of the W&G operational risk prolife whilst embedding a risk culture across W&G. This role will also provide overview and guidance to the executive, risk and/or business colleagues on the requirement to amend risk appetite meet policy compliance or address any emerging issues, as appropriate.
Perform targeted end to end risk assurance reviews across the payment schemes/process which could include payments assurance controls regulatory reviews, fraud, AML, BACS, CHAPS, FPS, SEPA, sanctions. Key activities include:
Plan and scoping activities - Establish relationship with SME's to formulate scope and hotspots to investigate
Perform detailed assessment activities - eg process and control walkthrough, risk analysis, business/IT interviews
Reporting - socialise findings, obtain stakeholder validation and work with owners to define risk actions
Monitor and Closure - work with owners to review supporting evidence to ensure it addresses risks appropriately
Project Management - leading, managing and prioritising risk assurance timelines, driving timelines and escalating if bottlenecks occur
Working collaboratively with other risk partners in the organisation, including Programme Risk to ensure that any risks and issues identified are validated and feedback incorporated
Regularly meet key accountable stakeholders and provide robust and challenging insight on business risk and control processes.
Provide advice to the business on payment security standards for achieving compliance
Risk assessor with attention to details, strong communicator both written and verbal, able to be very hands on and willing to get involved with the work itself.
Strong communication skills, organisation, tenacity, resilience, adaptable to change
Specifics will depend on which workstream you are picked for if successful, but general responsibilities include:
Provide specialist knowledge and support to project teams to shape business development and resolve business issues. Will ensure that own knowledge is up to date and is reflective of best practice
Responsible for investigating and analysing business activities and processes and looking to make them more efficient
Using business consulting skills, help diagnose the issues the project needs to address (including managing research) and consider options/solutions required
Establish quick rapport and trust with project stakeholders, building early project momentum, demanding high standards and service levels from the onset and throughout
Regarded internally as a business analysis expert
Timely and accurate progress reporting to aligned project manager
Ensure there are no brand/reputational risks as a result of activities responsible for. Escalate identified risks in accordance with internal governance processes and controls, creating a culture that continually probes, debates and identifies solutions/mitigating actions for issues and risks.
Essential Criteria:
1. Strong knowledge and experience of risk management frameworks
2. Knowledge of payment scheme and regulatory requirements eg BACS, CHAPS, FPS, AML, SEPA & Sanctions etc as well as knowledge of card scheme requirements (MasterCard and Visa) and industry standard requirements eg PCI DSS
3. Banking experience within payments, with assurance activities highly desirable, either obtained via audit or other risk positions
If you match these requirements, please apply in the normal way. Elevate will send you an email, please open, click and action that email and your application will be visible to the hiring organisation directly.