Risk and Controls Officer - Scania Financial Services

Permanent
02/08/2022
 

Risk & Controls Officer

Location: Milton Keynes and home

Department: Governance, Risk & Compliance (GRC)

Reporting to: Head of GRC

OVERVIEW:

The mission of the Governance, Risk & Compliance (GRC) department is to protect the business from unwanted risk, thereby helping to facilitate the achievement of business objectives through the mitigation of threats and the managed pursuit of opportunities.

Reporting to the Head of GRC, the Risk & Controls Officer will work closely with the Compliance Officer to deliver effective 2nd line support, analysis, monitoring and expertise across Scania Financial Services entities in both the UK and Republic of Ireland.

DUTIES AND RESPONSIBILITIES:

  • Support the implementation of the risk and internal controls frameworks
  • Identify control failures and provide support with remediation
  • Review and monitor the effectiveness of risk management policies, control procedures and reporting; identify areas for improvement
  • Perform risk assessments and cause/consequence analysis, recommending suitable mitigations and responses
  • Conduct departmental risk and control reviews, identifying gaps and recommending and monitoring remedial actions
  • Prepare briefing materials for the Head of GRC, Board of Directors and GRC Committee
  • Provide training and subject matter expertise to colleagues across the business in relation to risk management and internal control
  • Maintain the organisation’s risk register, proactively identifying areas of risk
  • Maintain the organisation’s incident register, receiving and processing incident reports from across the business and identifying underlying trends and areas of significant risk
  • Prepare quarterly risk reporting packs for Head Office in Sweden
  • Monitor and report on the company’s Key Risk Indicators (KRIs), providing updates and information to support management decision-making
  • Support the development of new KRIs to reflect an ever-changing risk environment
  • Promote a culture of risk identification, awareness, reporting and openness
  • Work closely with the Compliance Officer in response to queries and requests for support from around the business
  • Support project and change teams to ensure effective and timely completion of the internal approval process (NPAP)

GENERAL COMPETENCIES AND SKILLS REQUIRED:

  • Demonstrable experience in a risk, assurance or internal audit role, preferably within financial services or insurance
  • Strong technical risk and control knowledge
  • Solid understanding of the Three Lines of Defence model
  • Excellent communication skills, both written and verbal
  • Strong interpersonal skills, with the ability to forge effective working relationships across the business and to work as part of a small team
  • Comfortable identifying issues and challenging others
  • A multi-tasker with good time management skills and an ability to manage multiple projects at the same time
  • Self-motivated and conscientious with a delivery mindset
  • Exceptional standards of professionalism in handling confidential and sensitive information
  • Attention to detail, taking pride in producing high-quality output
  • Competent in the use of Microsoft Office programmes
  • Fluent in written and spoken English