Explore a career as an AVP Business Risk Analyst specializing in Markets 1LOD Control Testing, a pivotal role at the heart of financial institution risk management. This profession sits within the First Line of Defence (1LOD), meaning these analysts are embedded within the business units they support, primarily the fast-paced Markets and Sales & Trading divisions. Their core mission is to proactively identify, assess, and mitigate operational and compliance risks by ensuring the internal control framework is robust, well-designed, and functioning effectively. For professionals seeking a dynamic career that bridges business operations and risk oversight, these jobs offer a unique and impactful challenge. Individuals in this role are typically responsible for executing a comprehensive, risk-based control testing program. This involves a meticulous process of first assessing the design of controls to ensure they are properly structured to mitigate specific risks. Subsequently, they perform operating effectiveness testing, which is the hands-on validation that controls are being performed consistently and correctly by the Front Office staff in their day-to-day activities. A significant part of the job involves maintaining rigorous documentation standards and adhering to best practices for testing methodologies. Beyond execution, these analysts are expected to provide constructive challenge to stakeholders on the adequacy and performance of their controls. They also play a crucial advisory role, supporting business units in developing necessary remediation plans to address any control weaknesses or gaps identified during testing. A key to success in these jobs is exceptional stakeholder management. Analysts must build and maintain strong, collaborative relationships with a diverse group, including Front Office traders and sales personnel, Compliance, Operational Risk teams (the Second Line of Defence), and other control functions. They are often required to draft clear, concise, and impactful reports that summarize testing findings for senior management, translating complex risk data into actionable business intelligence. Typical requirements for these positions include 3-5 years of relevant experience in areas such as internal audit, external audit, control testing, or a similar risk management discipline within a financial markets context. A strong understanding of Markets products and activities—such as equities, fixed income, commodities, or foreign exchange—and their inherent risks is essential. Candidates must possess a solid grasp of control design assessment and effectiveness testing techniques. Furthermore, excellent analytical, communication, and problem-solving skills are paramount, as is the ability to operate independently and manage multiple testing assignments against strict deadlines. A bachelor's degree in finance, economics, business, or a related field is commonly preferred. For those with a keen eye for detail and a passion for safeguarding financial integrity, AVP Business Risk Analyst jobs in Markets 1LOD Control Testing represent a rewarding and intellectually stimulating career path with significant growth potential.
