Job Description
Head of Risk & Control
FTSE Russell | Director
Location: London (Hybrid)
FTSE Russell is seeking a senior, experienced Head of Risk & Control to lead core first‑line risk processes across the global business and strengthen the consistency, quality and defensibility of risk and control outcomes.
This is a Director‑level (GG15) leadership role managing a team of approximately 8–10 professionals across the UK, US and Asia, reporting into the 1LOD Head of Regulatory, Risk & Controls.
The role is central to embedding a scalable, regulator‑credible 1LoD risk and control operating model, ensuring risks, controls and issues are owned, driven and evidenced consistently across the first line.
The Role
You will be accountable for leading the end‑to‑end Risk & Control lifecycle across FTSE Russell, with a focus on ensuring that the core first‑line processes for Issue Management, Risk & Control Self‑Assessment (RCSA), and control design and implementation operate in a consistent, disciplined and scalable manner across the organisation. This includes establishing strong ownership and execution of the Issue Management framework, from the point of issue identification through to remediation and closure, ensuring that issues are accurately captured, appropriately assessed, effectively tracked and subject to robust governance and challenge throughout their lifecycle. In parallel, you will lead the global RCSA process, driving high‑quality, evidence‑based risk and control assessments, ensuring that outcomes are translated into clear remediation plans and that the process is continuously enhanced to reflect underlying incident, issue and control insights.
A core aspect of the role is the ongoing hygiene and uplift of control design and implementation, working closely with business and functional collaborators to ensure that controls are clearly articulated, consistently embedded and aligned to the organisation’s evolving risk profile. This includes partnering with the Control Utility to ensure that control assurance outcomes are effectively fed back into control design improvements and issue identification, creating a strong and coherent link across the control lifecycle.
You will act as the single point of accountability for first‑line risk process execution, ensuring that all activities are aligned to LSEG standards and that processes, controls and governance frameworks are implemented and operated in a manner that is both consistent and regulator‑credible.
This includes establishing clear governance structures, maintaining high‑quality and audit‑ready documentation, and delivering robust management information that provides meaningful insight into risk, control effectiveness and issue health, supporting informed decision‑making by senior management and meeting internal and external regulatory expectations!
Key Responsibilities
Issue Management Framework (End‑to‑End)
Own and manage the end‑to‑end Issue Management framework, including issue identification, triage, assessment, remediation and closure.
Ensure consistent application of issue management policies, procedures and controls across FTSE Russell in line with LSEG standards.
Establish and maintain robust issue governance, including escalation, challenge and oversight forums.
Lead execution monitoring, including remediation tracking, ageing and delivery rigor.
Develop and enhance management information (MI) on issue health, including trends, hotspots and systemic risk drivers.
RCSA (Risk & Control Self‑Assessment)
Lead the annual RCSA process globally, ensuring completeness, consistency and quality of risk identification and control assessment.
Oversee the translation of RCSA outcomes into actionable remediation, including issue creation and tracking.
Ensure RCSA outputs are robust, evidence‑based and aligned to underlying incidents, issues and control performance, supporting Board‑level reporting.
Drive continuous improvement of RCSA methodology, cadence and underlying data quality.
Control Design, Implementation & Uplift
Lead the hygiene and uplift of control design and implementation, ensuring controls are:
Clearly defined
Consistently documented
Effectively embedded within business processes
Partner with the Control Utility (Control Assurance function) to ensure strong linkage between:
Control design
Control testing outcomes
Issue identification and remediation
Drive improvements to the control lifecycle, including standardisation, traceability and alignment to risk frameworks.
Governance, MI & Regulatory Alignment
Ensure all risk processes operate with clear governance, defined accountabilities and audit‑ready outputs.
Own and develop risk and control MI, providing clear insight on:
Risk profile
Control effectiveness
Issue lifecycle and remediation progress
Support engagement with Internal Audit, Risk & Compliance and regulators, ensuring outputs are defensible and aligned to expectations.
People Leadership & Global Delivery
Lead and develop a globally distributed team, building capability across Issue Management, RCSA and Controls.
Establish a consistent operating model across regions, reducing fragmentation and single‑point dependencies.
Embed strong risk culture behaviours, including accountability, visibility and proactive identification of risk.
What We’re Looking For
Essential
Extensive experience in 1LoD risk and control, operational risk, or enterprise risk management within a regulated financial services or market infrastructure environment.
Deep expertise in all of below:
Issue Management frameworks
RCSA processes
Control design / control frameworks
Strong understanding of risk governance, regulatory expectations and audit requirements.
Proven ability to deliver global processes across multiple regions and collaborators.
Demonstrated people leadership experience, managing and developing high‑performing teams.
Excellent communication and influencing skills, with the ability to engage senior collaborators.
Desirable
Experience implementing or operating within large‑scale remediation or transformation programmes.
Familiarity with MetricStream, Jira or similar risk and issue management tooling.
Exposure to index, benchmark, data or analytics businesses
A solid understanding of benchmark regulation
Why Join FTSE Russell?
FTSE Russell is a global leader in index and analytics solutions, operating in a highly regulated and client‑critical environment.
In this role, you will:
Shape how risk and control frameworks operate at scale across the first line
Drive consistency, transparency and accountability in core risk processes
Play a key role in maintaining regulator and client trust
If you are looking to lead a high‑impact, globally visible risk and control function, we would welcome your application.
Career Stage:
DirectorLondon Stock Exchange Group (LSEG) Information:
Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.
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.
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.
You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.
LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.
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.