IT Risk Business Partner -Employment, career opportunity in uk

Job Title:   IT Risk Business Partner
Job Type:    Permanent
Location:    Chelmsford, Witham
Deadline:  23th Sept 2013
Salary:    £70,000 - £90,000
Start Date:    asap
Reference:    248106-275

Cofunds purpose is to "make investing easier" for our customers and the investors they serve. The first thing you will notice about Cofunds is that there are always lots of projects and initiatives on the go and you will very quickly figure out that the only reason we can deliver so much is because of the helpful, energised and talented people that support each other every day. We now have requirement for an IT Risk Business Partner to join the team.

Role purpose:

* To act as the Risk & Compliance business partner with primary responsibility for engagement with the IT and Change functions within Cofunds.
* To ensure Risk & Compliance provide effective advice and challenge to the business on all matters related to business continuity and information security, including data protection.
* To actively contribute to the design and implementation of Cofunds risk and control framework including the operation of an effective 2nd line of defence in line with Cofunds strategy and policies.
* To provide advice and challenge to the business on risk matters pertaining to IT and Change and provide recommendations for control improvement.
* As a senior member of the Risk & Compliance team ensure it and its team are true representations of Cofunds values.

Regulatory & Governance Accountabilities:

* To, at all times, act in accordance with the FSA's Principles, Rules and Guidance and other relevant Legislation.
* Acts in accordance with all Cofunds policies and adheres to the code of conduct, specifically ensure that all Conflicts of Interest requirements are adhered to.
* Acts in accordance with Cofunds governance requirements.

Functional Areas & Responsibilities:

* Act as a Risk business partner with 1st line business functions with lead responsibility for IT and Change ensuring that: -
o Role acts as R&C Director's representative with Director's responsible for Functions. Ensure all parties are briefed as warranted by nature of topic and any reporting/escalations comply with Cofunds policies and governance requirements.
o Role is primarily engaged on risk matters but will manage relationship with Functions on other R&C disciplines, e.g. Compliance and Financial Crime.
o These functions receive effective advice and challenge to their risk management responsibilities and risk mitigation strategies. The role has "trusted advisor" status with Executives and management.
o Promote and support business functions in respective role and responsibilities of 1st and 2nd line to achieve Cofunds governance objectives.
o Identify and support Risk training needs of Functions, as appropriate. Liaise with other disciplines in R&C to ensure other training needs fulfilled.
o IT risk and control framework is appropriate for the Cofunds business and gives due regard to industry best practice and standards. Additionally that this effectively integrates with the Cofunds enterprise risk framework.
o The Cofunds change methodology and process has embedded risk methodology effectively managing Cofunds change risks and integrates with the Cofunds enterprise risk framework.
o Challenge is provided to business plan risks and management actions developed by these Functions
o Appropriate reporting is provided for different audiences, for example to the board of directors so they understand the most significant risks, to business heads to ensure they are aware of risks relevant to their parts of the business and to individuals to understand their accountability for individual risks;

* Provides 2nd line challenge and oversight to Cofunds information security policies and standards.. Liaise with, and challenge, the Information Security Officer and Manager in fulfilment of their responsibilities.
* Oversee Cofunds Business Continuity policies and methodology providing challenge to the Executives responsible for business continuity and disaster recovery, liaising with Business Continuity Manager to ensure BC risks are appropriately identified and strategies are defined to manage risks within appetite.
* As a member of the Risk team manage allocation of responsibilities to ensure the function has full coverage of business functions and risk categories. Where agreed represent R&C at project, management, committee or Board meetings as needed.
* Ensure that an effective network is maintained across the business, not restricted to the Function areas where the role is lead contact, to ensure open and transparent dialogue on risks and to promote a strong risk culture with Risk & Compliance recognised as adding business value.
* Fully contribute to activities requiring Risk input, e.g. ICAAP, strategy and business planning, regulatory reviews and visits, R&C reporting. Effectively work with team members to determine how to provide appropriate input and value.
* Provide input into the assurance plans and reviews of Risk Assurance, Compliance Monitoring, Internal Audit to ensure the content appropriately allows for the assessment of risks overseen by the role.
* As appropriate liaise with external auditors on audit scope and support requests for information.

Knowledge, Experience & Skills:

* Proven background in operational risk management processes and frameworks, including both theoretical knowledge and practical experience
* Good understanding of information security standards.
* Experience of working within a relevant financial services company

Qualifications:

* Educated to graduate, or equivalent, level (desired)
* Relevant risk management, or equivalent, qualifications (desired)
* Other relevant professional qualifications, e.g. ACA, IIA (desired)

Please note that we plan to relocate our Chelmsford Office to Witham October 2013 so please consider this location when applying for this role.

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