The Control Management Associate performs ongoing analysis of the business’ risk and control environment to identify significant gaps and weaknesses, and ensures that controls are properly designed and manage exams (second line defense reviews, internal & external audits)

As a Control Management Associate within the Outsourcing/Offshoring Processes/Inter Affiliate Processes team, you will be tasked with maintaining a sustainable and disciplined end-to-end control environment. Your responsibilities will include managing second and third line of defense engagements, promptly identifying and escalating issues, and collaborating with the business to ensure timely remediation of these issues. You will also assist in top-down risk analysis, real-time control issue detection, escalation, root cause analysis, and remediation.

Job Responsibilities:

Proactively identify and mitigate third party related risk Be the primary IAS/ TPO lead in the LoB for Regulatory matters, including exams, meetings Conduct third party risk assessments in alignment with company policies and industry & regulatory standards Provide input and aid in the development of procedures focused on outsourcing/ offshoring processes Develop and maintain offshoring/ vendor/ outsourcing risk and control monitoring plans, performing monitor activities and analysis of evidence to determine controls are operating effectively Design and implement controls that are designed effectively and operate efficiently; Complete monitor and control tasks triggered by Central teams and the offshoring process models.  Partner with internal risk groups to ensure inter affiliate relationships are compliant with all relevant requirements Partner with appropriate stakeholders on sourcing activities which impact managed third party relationships and/ or inter affiliate service relationships Work with firmwide control teams, Central Third Party Office and Global Supplier Services teams to build a robust control environment for WLS/ Global Banking Provide credible challenge to senior business partners to ensure risk-based approach and consistency with regards to results and potential gaps on changes and other projects 

Required qualifications, capabilities, and skills:

Prior experience of working with Vendor management teams, outsourcing/ offshoring project management teams Bachelor’s degree in Supply Chain, Accounting, Finance, Business Management or other relevant field with a minimum 8+ years relevant Banking and Financial Services experience

Preferred qualifications, capabilities, and skills:

Knowledge of investment banking products including Loans. Risk Certifications such as ORM/ PRM/ APRM/ CIA/ CRISC/ CORM/ CISA, CISSP, CTPRP, CIA, CPA, CRISC, CISM, SOC, ISA, QSA Lean/ Six Sigma knowledge and experience. Experience in driving  risk based process improvement is preferred