Salarioo

Salary: £60,000 - 90,000 (subject to experience) + Asset Managemen bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more

Job Type:  Permanent

Hiring Manager:  Head of New Instruments and Shareholder Business Control

Location: This role will be based in either our London / Edinburgh / Telford / Wythall offices, with some time spent working from home. You can read more about Phoenix Flex here.

We have an incredible opportunity to join us here at Phoenix Group as a Business Control Specialist to join ourBusiness Control , Asset Management team, focusing on Capital Markets (Front Office).

We want to be the best place that any of our 6,600 colleagues have ever worked.

We’re the UK’s largest long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

Team Context

The Business Control (BC) Team is part of the wider Business Control & Governance (BC&G) function and has been established as a Line 1 Risk and Control focused capability within Phoenix Asset Management ("AM"), responsible for providing a holistic view of financial and non-financial risks across the AM function and for supporting AM colleagues in the application of and adherence to the Group Risk Management Framework (RMF).

The Role

Reporting into the Head of Business Control – Capital Markets & Quantitative Engineering, the Business Control Analyst will support a broad range of activities that contribute to the continuous improvement of AM’s Risk and Control environment, ensuring risks to our business are understood,  plans to remediate those risks are in place and being tracked and that senior stake holders are suitably well informed. This will include working collaboratively with Business Control Managers from other areas of the business, where there’s overlap (e.g. Operations).

The incumbent will be recognised internally as an SME on Capital Markets Risk & Control Governance as it’s applied to AM, with Line 1 business partnering, challenging and collaboration core activities. They will represent AM in ongoing interactions and collaboration with colleagues across the 3 Lines Of Defence (3 LOD), building strong relationships and facilitating risk reviews, audits and other activities as required by the Group.

Key Responsibilities

• Stakeholder management of Capital Markets (Front Office) colleagues, engaging with them in thought partnership and constructive challenge, aimed at ensuring their risk and control environment is robust and appropriate for the investment activity.
• Support in the AM assurance programme, undertaking regular reviews of the AM Risk and Control Environment. This includes reviews of the “end-to-end” investment process for the company’s hedging  investments
• Working closely with the other Business Control colleagues and the business in maintaining an accurate record of the AM population of risks and controls in the Phoenix Group risk and control system (GCM). Mapping of Group Risk Policy Control Objectives to the AM Key Controls that mitigate these.
• Ongoing oversight of the AM risk universe, ensuring key controls that mitigate these are attested to by relevant business owners via the quarterly Risk & Control Self-Assessment (RCSA) process
• Support in the documenting and monitoring of existing and emerging risks within the AM business and provide SME support  in the design of high quality controls to mitigate those risks.
• Collaborate with AM teams, L3 - Group Internal Audit and Line 2 – Risk & Compliance, in facilitating the closure of audit and other actions assigned to AM in response to business reviews
• Ensuring that audit and other control findings are tracked and overseeing closure by management owners, escalating where necessary.
• Support Phoenix AM change programmes and projects and help deliver a market leading asset management function within the UK's largest long-term savings and retirement business.
• Act as Business Control lead and SME on one or more Risk Framework themes, for example Business Continuity, End User Computing Governance, Risk Champion optimisation, GCM optimisation etc.

What we're looking for

Minimum Requirements

Experience (Essential)

• Experience working for either a stand-alone asset manager or an asset manager linked to an Insurance company.
• Experience and knowledge of the typical investment security types used by an Insurance company for its Asset Management activities (including Fixed Income and Derivatives)
• Previous exposure to Business Control, Risk, Audit and Assurance review activities
• Excellent analytical skills with ability to evaluate audit & assurance reviews
• A record of building strong and reliable relationships with senior internal stakeholders.

Qualifications

• Graduate degree or equivalent
• Chartered Financial Analyst (CFA) desirable but not a requirement
• Chartered Account (CA) desirable but not a requirement

Personal Attributes

• Communication skills to interact with a range of stakeholders.
• Comfortable taking the lead on workstreams and managing stakeholders effectively
• Ability to assign priorities to multiple activities while ensuring integrity, accuracy, and timeliness.
• Ability to learn new systems and concepts in a timely manner.
• Ability to analyse large quantities of data
• Excellent attention to detail and proactive can do attitude
• Excellent written and oral communication skills
• Enthusiastic and positive approach, taking pride in output
• Team player who is creative and solution driven.

Skills

• Communication skills to interact with a range of stakeholders.
• Proficient use of MS Excel, Word and PowerPoint

We want to hire the whole version of you.

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.

 If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.

Find out more about #LifeAtPhoenix

Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us

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