Assistant Manager, Controls Framework & RCSA
Description
Assistant Manager, Controls Framework & RCSA (1LOD Risk Management)
FTSE Russell | Assistant Manager | Location: London / Hybrid
Role Purpose
FTSE Russell is seeking an experienced, analytical and controls-focused Senior Associate, Controls Framework & RCSA to support the design, implementation, operation and continuous improvement of the first-line Controls Framework and Risk & Control Self-Assessment programme across the global business!
This role sits within the FTSE Russell Regulatory, Risk & Controls function and acts as a key subject matter specialist for control management, control quality, control lifecycle discipline and RCSA execution. The role will support the ongoing uplift of FTSE Russell’s controls environment by helping to ensure that controls are clearly defined, consistently documented, appropriately owned, linked to relevant risks and processes, and capable of supporting effective risk management, assurance, issue management and regulatory scrutiny.
Working closely with Product, Operations, Engineering, Corporate Functions, Risk & Control colleagues, control owners, process owners and governance stakeholders, the Senior Associate will support controls rationalisation, process-risk-control mapping, RCSA workshops, quality assurance reviews, control framework documentation and management information. The role will provide practical guidance and constructive challenge to stakeholders to improve control design, control documentation, assessment quality and evidence standards.
The role requires someone who can operate with a good degree of independence, interpret complex risk and control information, facilitate cross-functional discussions, identify themes and control gaps, and translate findings into clear recommendations and improvement actions. It is well suited to someone with experience in operational risk, controls, audit, governance, compliance or assurance who is looking to deepen their expertise in first-line controls and RCSA within a regulated financial services and market infrastructure business.
Key Responsibilities
Controls Framework Execution
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Support the implementation, operation and ongoing enhancement of the FTSE Russell Controls Framework.
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Assist with the development and maintenance of control standards, methodologies, guidance, templates and supporting procedures.
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Promote consistent control documentation and ownership across FTSE Russell, ensuring controls are described in a clear, measurable and testable way.
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Support governance activities relating to control design, control lifecycle management, control ownership and control evidence standards.
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Help ensure controls are aligned to LSEG requirements, FTSE Russell procedures and applicable regulatory expectations.
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Provide practical support and guidance to control owners and business stakeholders on control documentation, control objectives, frequency, evidence and ownership.
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Maintain framework documentation and supporting materials, ensuring they remain current, accessible and aligned to operating model requirements.
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Support the embedding of framework requirements across business areas through workshops, guidance sessions and stakeholder follow-up.
Controls Rationalisation and Uplift
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Support controls inventory reviews and classification exercises to improve the quality, completeness and sustainability of the controls population.
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Conduct detailed analysis of control records to identify duplicates, overlaps, obsolete controls, non-control activities, unclear ownership and inconsistent documentation.
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Assist with control rationalisation and redesign activities, helping to determine which controls should be retained, enhanced, consolidated or retired.
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Review controls against established standards and challenge deficiencies in control objective, design, execution, evidence requirements or ownership.
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Support the implementation of improvements to control design, frequency, accountability, evidence standards and lifecycle governance.
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Track control uplift actions, dependencies, due dates and remediation progress, escalating delivery risks or unresolved issues where appropriate.
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Support comparison of controls across functions, products or processes to identify opportunities for standardisation and better alignment.
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Help ensure the control inventory remains accurate, complete, risk-aligned and capable of supporting assurance, RCSA and management reporting .
Process, Risk and Control Mapping
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Support mapping of controls to business processes, process risks, operational risks and relevant control objectives.
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Assist with the development and maintenance of process, risk and control inventories, ensuring clear linkage between risk drivers, controls and outcomes.
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Help ensure controls are aligned to the agreed FTSE Russell risk and process architecture and are positioned at the right point in the process.
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Support integration of control data into RCSA, incident review, issue management, audit response and root cause analysis activities.
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Identify opportunities to improve risk and control coverage, including areas of duplication, control weakness, under-control or unclear ownership.
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Work with business and functional stakeholders to clarify process steps, risk points, control activities and evidence requirements.
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Support the development of a more coherent control lifecycle by linking controls to risks, processes, issues, incidents, assurance outcomes and remediation activity.
RCSA Coordination and Quality Review
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Coordinate periodic RCSA activities across business functions, supporting planning, preparation, execution, review and follow-up.
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Facilitate risk and control assessment workshops, helping stakeholders identify key risks, assess control effectiveness and agree appropriate actions.
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Review RCSA submissions for quality, completeness, consistency and evidence-based rationale.
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Constructively challenge risk ratings, control effectiveness assessments, action plans and supporting commentary where information is unclear, inconsistent or unsupported.
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Monitor completion of RCSA actions and remediation plans, tracking ownership, due dates, dependencies and delivery status.
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Support the translation of RCSA outcomes into issue creation, control uplift, process improvement or targeted remediation where required.
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Help ensure RCSA outputs are aligned to underlying incidents, issues, control performance, audit findings and operational risk themes.
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Support continuous improvement of the RCSA methodology, cadence, templates, guidance and data quality standards .
Reporting, Analytics and Management Information
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Produce and support controls and RCSA management information for governance forums, working groups, senior management updates and committee reporting.
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Analyse trends relating to control effectiveness, assessment outcomes, incidents, issues, audit findings, remediation activity and control inventory quality.
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Support preparation of governance committee and executive reporting, ensuring outputs are accurate, clear, evidence-based and action-oriented.
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Monitor key performance indicators relating to control framework maturity, control documentation quality, assessment completion, overdue actions and remediation delivery.
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Identify emerging themes, systemic control weaknesses or recurring risk drivers and recommend improvement actions.
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Help develop more insight-led reporting that explains what the data means, why it matters and where management attention is required.
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Ensure reporting outputs are reconciled, timely and suitable for review by senior stakeholders, second line, Internal Audit or regulators.
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Support ongoing improvement of reporting definitions, data sources, dashboards and management information processes.
Stakeholder Engagement and Advisory Support
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Build effective working relationships across Product, Operations, Engineering, Corporate F