Risk and Controls Analyst (Monitoring & Testing)

Birmingham, United Kingdom | Posted on 06/05/2025

• Work Experience Asset & Wealth Management operational risk control Monitoring and Testing
• City Birmingham
• Province West Midlands
• Country United Kingdom
• Postal Code B1

Job Description

Contract Role: Risk and Controls Analyst/Associate (Monitoring & Testing)

Contract Location: Birmingham, onsite Monday to Friday, 08:30 – 18:30hrs

Contract Start: ASAP (PAYE inside IR35)

This is an exciting opportunity to join Deloitte Operations for an engagement with one of our premier Asset & Wealth Management clients.

Our Impact

We are looking for an Analyst/Associate to serve as a member of the Monitoring & Testing function in Birmingham, a critical role within the Asset & Wealth Management Strategic Transformation Office. By executing monitoring and testing processes and identifying potential risks and control weaknesses, this position contributes directly to the firm’s success by ensuring regulatory compliance, protecting client assets, and improving operational efficiency.

The Monitoring & Testing function will implement an evaluation framework to continuously monitor the efficacy of our clients\' processes, systems, and controls, and ensure their performance and compliance through robust testing methods, positioning itself as a critical function in mitigating risk within Asset & Wealth Management and the business as a whole. This partnership with strategic efforts across the firm allows for close collaboration with the other three functions of the Asset & Wealth Management Strategic Transformation Office, providing opportunities for experience and influence in other areas.

• Develop an in-depth knowledge of the operational risk and control profile across Asset & Wealth Management
• Advise, challenge, and inform the businesses on recommended ways to mitigate risk; review action items to ensure that risk is being sufficiently addressed
• Sets the tone from the top: Acts as a culture carrier by embedding & propagating a risk mindset and awareness within the team, region & globally
• Identify ways to share risk best practices across teams and functions, and with other business lines where like processes exist or there is exposure to similar risk
• Partner with the business lines to understand the residual risks that exist after issues are resolved and engage across the front to back to apply lessons learned to improve our risk and control framework
• Risk analysis: Work with stakeholders to develop KRIs/KPIs which can be used to monitor operational health of our framework. Use these to drive the risk agenda with the leadership group, highlight areas of concern, and partner with line managers to develop, execute, and monitor progress on remediation plans

QA & Technical responsibilities

• Develop Control QA & Monitoring framework. Identify continuous improvement mechanisms to strengthen the framework based on ever-evolving changes in process, regulations & platforms
• Work with our QA team to design tests for data quality, lineage, and controls across a range of products, business lines, and processes, including both manually and systematically created data
• Develop methodologies to define test scripts, execute tests, including frequency, sampling, evidencing, and follow-up actions which integrate with the broader Divisional risk management framework and datasets
• Partner with developers and low-code specialists to develop tooling to support test execution, record keeping, and reporting
• Work with our BI team in building data models / data visualization for generating multidimensional reporting
• Maintain strong relationships and connectivity with the broader control and data organizations to enable maintenance of the test suites as the operating and control environment changes
• Execute test suites using manual and automated techniques, and integrate results into the broader risk management framework, including control enhancements and risk assessments
• Coordinate end-to-end risk management delivery with other Divisions, such as Compliance, Legal, Risk, and Internal Audit, as well as support regulatory interactions

Skills & Qualifications

• Solid understanding of the Asset & Wealth Management franchise and experience within a risk management context are required
• An energetic self-starter with a strong control mindset and a passion for risk management
• Excellent communication skills to clearly articulate issues and ideas with different levels across Asset & Wealth Management stakeholders
• Strong analytical skills with an ability to understand complex workflows and excellent attention to detail
• Innovative, including a keen eye for identifying areas of control enhancements and automation which have practical value. Good influencing skills to challenge the status quo and continuously enhance the control environment
• Ability to perform data analytics using metrics to identify trends and themes
• Sound time management skills to effectively prioritize and multi-task
• A mentor / coach to juniors in the team
• Drive and motivation to improve personal performance, broaden knowledge, work towards challenging goals, and persist in the face of obstacles or setbacks
• Good interpersonal and teamwork skills to collaborate as a global team and build strong relationships with key stakeholders across divisions
• Keeps current with emerging business, economic, and market trends
• Aptitude for handling large data sets, synthesizing a variety of information to summarize a profile
• Track record of delivering and enhancing measurable, impactful business outcomes and products