Job Description
This is a fixed term contract for 12 months.
The Senior Manager, Risk and Control/Business Controls Officer plays a critical role in enhancing the risk and control framework! This role is responsible for performing and maintaining a robust risk assessment process, ensuring effective remediation of self-identified issues and/or incidents, and providing risk and control subject matter expertise to key business collaborators.
The individual will work closely with senior leadership, risk owners, and other control functions to drive a strong risk culture and continuous improvements in risk management and control effectiveness!
This position primarily functions as a single contributor role, responsible for independently leading key risk and control activities for their assigned FTES Division/function. However, the individual may have management responsibilities when assigned, specifically in support of leading oversight over specific projects, coordinating workstreams, or providing mentorship and guidance to junior staff members. The Senior Manager, Risk and Control/BCO reports directly to the Head of Risk and Control.
Key Responsibilities:
1. Semi-Annual Risk Assessment Management (RCSA)
Lead the semi-annual risk assessment process, ensuring alignment with corporate risk methodologies and frameworks.
Analyze emerging risks, control gaps, and business changes to provide meaningful risk insights to leadership.
Partner with business collaborators to validate key risks and controls and ensure adequate documentation within risk management tools.
Develop and deliver risk assessment reports for governance forums and senior management review.
2. Self-Identified Issues and Incident Remediation (Incidents/Remediation)
Oversee and manage remediation efforts related to Self-Identified Issues (SIIs), control deficiencies, and risk incidents.
Work cross-functionally with risk owners, internal audit, compliance, and other assurance teams to ensure timely and effective remediation.
Monitor and report remediation progress, calling out delays or emerging risks where necessary.
Ensure appropriate documentation and evidence of remediation efforts in line with regulatory and internal expectations.
3. Risk & Control Annual Projects and Deliverables Management
Lead the execution of Risk and Control team annual projects, ensuring timely completion of deliverables.
Coordinate across key collaborators, including business leadership, second line of defense, and Compliance, to ensure deliverables align with agreed expectations.
Drive the development and tracking of project landmarks, reporting progress to the Head of Risk and Control and respective RCT project lead.
Ensure appropriate documentation, governance, and risk oversight mechanisms are in place to support transparency and accountability in project execution.
Identify potential bottlenecks and proactively address any challenges to maintain project momentum and alignment with strategic objectives.
4. Management, Training, and Coordination with Risk and Control Champions (RCCs)
Serve as the primary liaison to the Risk and Control Champions (RCCs) within assigned division/function, ensuring RCCs have a clear understanding of their roles and responsibilities.
Develop and deliver training sessions, guidance materials, and ongoing support to RCCs to strengthen their risk and control capabilities.
Establish clear timelines and expectations for RCCs regarding their contributions to key risk and control activities, including Risk and Control Self-Assessment (RCSA), remediation efforts, and control monitoring.
Facilitate regular check-ins and coordination meetings to ensure RCCs remain engaged, aligned, and informed on risk and control priorities.
Provide oversight and quality assurance on RCC deliverables, ensuring consistency, completeness, and alignment with FTSE’s risk and control standards.
Work closely with RCCs to proactively identify, assess, and address control weaknesses, raising concerns where necessary to maintain a strong risk and control environment.
5. Contribute to the FTSE Enterprise Risk Management Framework (ERMF) and Standardization of Risk and Control Procedures
Actively contribute to the enhancement and evolution of the FTSE Enterprise Risk Management Framework (ERMF), ensuring alignment with industry standard methodologies and regulatory expectations.
Support the development, refinement, and implementation of standardized Risk and Control procedures, fostering consistency across the organization.
Collaborate with cross-functional teams to integrate risk and control methodologies into business operations, ensuring they are practical and effective.
Provide subject matter expertise in seeing opportunities for process improvements, automation, and enhanced risk monitoring.
Develop and maintain guidance documents, templates, and standard methodologies to support the broader adoption of standardized risk management approaches.
Work closely with leadership to ensure that the Risk and Control function remains agile, adapting to emerging risks and evolving business needs.
6. Risk & Control Subject Matter Expertise
Serve as a trusted advisor to business leaders by providing expert guidance on risk management, control effectiveness, and regulatory expectations.
Proactively identify areas for control enhancements and operational improvements.
Support the development and execution of risk and control training programs to strengthen risk awareness and accountability.
Act as a liaison between the business and enterprise risk management functions to ensure consistency and alignment of risk management practices.
Qualifications & Experience:
Bachelor's degree in Finance, Accounting or a related field (Master’s degree or equivalent experience preferred).
Professional certifications such as ACCA, CPA, CIA, CRMA, FRM, or other relevant designations preferred.
12+ years of experience in risk management, internal controls, audit, compliance, or related functions.
Strong understanding of risk assessment methodologies, and internal control frameworks (e.g., COSO, SOX, ISO 31000), and regulatory requirements.
Experience in managing remediation efforts, risk event management, and working with governance, risk, and compliance (GRC) tools (e.g., MetricStream).
Strong leadership and collaborator management skills, with the ability to influence and challenge senior executives.
Excellent problem-solving, analytical, and communication skills.
Preferred Skills & Competencies:
Ability to work in a fast-paced, global environment and manage multiple priorities effectively.
Experience in the financial services or as part of a global Internal Audit function is a plus.
Strong reporting and data analysis skills to provide important risk insights to senior leadership.
Ability to inspire change and continuous improvement in risk and control environments.
LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.
Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.
Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.
LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.
We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.
Please take a moment to read this privacy notice carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, your rights and how to contact us as a data subject.
If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.
About us
LSEG is one of the world’s leading providers of financial markets infrastructure and delivers financial data, analytics, news and index products to more than 40,000 customers in over 170 countries.
We help organisations fund innovation, manage risk and create jobs by partnering with customers at every point in the trade lifecycle: from informing their pre-trade decisions and executing trades to raising capital, clearing and optimisation.
Backed by more than three centuries of experience, innovative technologies and a team of 25,000 people in over 60 countries, we are driving financial stability, empowering economies and enabling you to grow sustainably.
Our purpose
At LSEG, our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.
The services we provide as a leading global financial markets infrastructure and data provider are critical for economies around the world. The vital social and economic role we play enables sustainable growth for customers, partners, and the communities we all live in.
Our word is our bond. True in 1801. Just as true today.
London Stock Exchange is one of the world’s oldest stock exchanges and can trace its history back more than 300 years. LSEG was created in October 2007 (as the London Stock Exchange Group) when London Stock Exchange merged with Milan Stock Exchange, Borsa Italiana.
Our values
Our purpose is the foundation on which our culture is built. At LSEG, our values are Integrity, Partnership, Excellence, and Change. Underpinning our purpose, our values articulate how we work with customers, partners, and each other. They go to the heart of who we are and guide our decision making and everyday actions.
What we do
LSEG is a leading global financial markets infrastructure and data provider that operates connected businesses to serve customers across the entire financial markets value chain.
With capabilities in data, indices and analytics, capital formation, trade execution, clearing and risk management, we operate at the heart of the world’s financial ecosystem and enable the sustainable growth and stability of our customers and their communities.
Together, our five business divisions – Data and Analytics, FTSE Russell, Risk Intelligence, Capital Markets and Post Trade – offer customers seamless access to global financial markets, across the trading lifecycle.
Our key locations
LSEG is headquartered in the United Kingdom, with significant operations in over 60 countries across Europe, the Middle East, Africa, North America, Latin America, and Asia Pacific.
Workplace Initiatives
- Programme for parents returning to work after Parental Leave? Yes
- Leadership development programmes? Yes
- Mentoring programmes? No
- Coaching Progammes - Yes
- Employee-led diversity networks? Yes
- Internal women's networking groups? Yes
-Open to discussing flexible work arrangements at interview stage? Yes
Global Parental Leave: 26 weeks
Minimum weeks tenure required to be eligible for paid maternity leave: Global Parental Leave: 12 months / 52 weeks
No. of weeks paid paternity leave at full salary: Global Parental Leave: 26 weeks
Minimum tenure required to be eligible for paid paternity leave: Global Parental Leave: 12 months / 52 weeks
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Gender Pay Gap |
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2023? |
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Average pay gap: |
N/A* Please see Non-identifiable gender pay gap |
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Median pay gap: |
N/A* Please see Non-identifiable gender pay gap |
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Average bonus gap: |
N/A* Please see Non-identifiable gender pay gap |
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Median bonus gap: |
N/A* Please see Non-identifiable gender pay gap |
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Non-Identifiable gender pay gap |
1.2% Find out more in our LSEG Sustainability Report 2023 |
Signatory of the UK Women in Finance Charter? Yes - since 2016
Targets to raise the number of women in leadership? Yes - LSEG achieved our goal of 40% female representation in senior leadership positions globally by December 2022. We remain committed to maintaining at least 40% female representation in senior leadership.
Targets to raise the number of BAME individuals in leadership? Yes - 25% underrepresented ethnic groups in senior leadership roles (ExCo and Group Leaders) by 2027
Listed in the Bloomberg Diversity & Inclusion Index? No
Returner Programme
As part of our Global Parental Leave offering, from 1st July 2024 all parents returning from any type of family leave (Global Parental Leave, UK Maternity, Paternity, Adoption or Shared Parental Leave) are eligible to an eight-week phased return to work, working 80% of normal hours at full pay. Additionally, LSEG is introducing enhanced leave to support families whose children require neonatal care.
Other Programmes
We offer a wide range of opportunities for ambitious graduates and students to start a dynamic and rewarding career in global financial markets. You can join us on an Internship or Graduate programme, which provides a formal learning experience or directly into Entry level positions.
Graduate programmes
Our graduate programmes, for final year undergraduate or Masters students and recent graduates, sit within Businessor Technology.
From day one you will be aligned to a division, where you will access divisional and global learning opportunities and experiences.
Our sustainable growth as a business means that more than ever before there are opportunities to develop your career in a truly global organisation, which is critical to the successful functioning of global financial markets. The breadth of our business means you will never lack opportunities to learn and grow.
Our Business Programme will allow you to gain valuable experience within one of our Divisions (Capital Markets, Post Trade , FTSE Russel and Data & Analytics) or, alternatively, work across one of our Group functions (People, Corporate Affairs and Marketing, Finance, Strategy or Risk). In the Divisional roles, you may be involved in helping companies to raise capital, developing benchmark ranges and indices, or building and evaluating risk models. In one of our Group functions, you’ll work in a central function to support company goals.
Our Technology Programme will enable you to launch your career in Engineering by contributing to live projects, collaborating with and being mentored by best-in-class talent as you acquire critical skills through on-the-job experiences. You’ll have a meaningful role in harnessing new, exciting technologies, and work on projects aimed at integrating them into our frontline products and operations.
Learning and Development
At LSEG we believe that colleagues own and drive their development. We understand it can be nerve-wracking to embark on a new career and, in some cases, make the transition from education to practice. We will assist you in nurturing a growth mindset and developing foundational and human skills such as financial market value chain, customer centricity, adaptability, innovation, problem solving and stakeholder management as well as specialist skills that are critical to the division that you will be working with.
During the programme we will provide curated learning pathways through leading learning platforms, a chance to connect with subject matter experts within LSEG and the opportunity to pursue a professional qualification that supports to build critical skills relevant to your area of specialisation, aiming to develop your knowledge and skills – with a global and divisional focus. You will also have access to Career Navigator, our brand-new personalised platform which will empower you to define and achieve your career ambitions within LSEG. You will access global and local learning opportunities and experiences, as well as a network of Early Careers peers who will support you as you progress your career journey at LSEG. You will contribute to wider society through CSR and volunteering initiatives as you build connections forming a global community across LSEG.
LSEG is a place where you can take your career in any direction. We believe in the career philosophy of “My Career. My Opportunity. My Future.”, empowering you with the tools and structure needed to broaden your skills. Beyond the programme, you can look forward to opportunities to advance your skills and learning at every stage of your career. Our scale and global presence give you the opportunity to deepen your abilities and expertise and take the next steps on your journey to achieving your career ambitions.
Internship programmes
Our summer internship programme, for penultimate year students, is a unique opportunity to get to know LSEG’s business and to gain an in-depth insight into financial markets.
Whether you apply for the Business or Technology internship, you will understand what a career with LSEG would really be like. The programme has been crafted to enable exploration of potential career pathways at LSEG, to start to build some of the key skills you will need as a graduate and to support you to build self-insight into your strengths and interests.
Our Technology Internship will enable you to launch your career in Engineering. Your technical placement will involve coding, development, and innovation. You’ll have a meaningful role in harnessing new, exciting technologies and working on projects aimed at integrating them into our frontline operations.
Our Business Internship programme will allow you to gain valuable experience within one of our Business Divisions, whilst gaining broader exposure to the wider Group. You’ll gain valuable experience in one of our Divisions (Capital Markets and Post Trade).
Schools and young people
We’re passionate about maximising the opportunities available to children and young people regardless of their background and have set up a number of initiatives that allow us to provide support.
LSEG Foundation
A vital way of delivering our purpose in the community and wider society is through the LSEG Foundation. Working with charity and NGO partners, we deliver a range of programmes across the globe, creating opportunities for those in need to participate in education, employment and enterprise. This is a vast challenge, so we aim to focus our support where we think it can have the greatest impact. Our aim is to help people access economic opportunities and build a secure future with financial independence.
Our programmes vary by geography and need. We create change through a variety of initiatives. These could include helping girls stay in school for longer, as part of a wider strategy to address gender inequality and community education, guiding young adults into secure work, education programmes for financial literacy or supporting individuals in reskilling for a fresh start.
Work experience
We are committed to supporting young people to explore career opportunities, build their employability skills and bridge the gap between education and practice.
Apprenticeship Programme (UK)
Our Apprenticeship Programme currently offer an 18-month accelerated development programme, combining real work experience with away-from-the-desk learning.
Online financial literacy resources
At LSEG, we believe financial literacy opens up options and opportunities. Whether it’s study and career choices now, or how to save and invest money later on in life, understanding how finance works can help build a better future for us all. To help boost the financial literacy of kids across the globe we offer a wealth of online resources and videos to help you learn more about the world of finance.