Discover rewarding Officer Business Risk Analyst – Markets 1LOD Control Testing jobs, a critical and growing profession within the financial services industry. Professionals in this role are the first line of defense (1LOD) in a bank's risk management framework, specifically focused on the high-stakes Markets and Sales & Trading divisions. Their primary mission is to proactively safeguard the firm by ensuring that the internal controls designed to manage operational, compliance, and conduct risks are not only well-designed but are also operating effectively in practice. This is not a back-office function; it is an integral part of responsible financial services provision, directly supporting effective risk management for the institution. A typical day for an Officer Business Risk Analyst involves a rigorous, methodical approach to control testing. Common responsibilities include executing a comprehensive, risk-based testing program according to agreed timelines. This entails meticulously assessing the design of controls to ensure they are properly structured to mitigate specific risks, and then testing their operating effectiveness by reviewing evidence, conducting interviews, and performing sample-based inspections. These professionals are responsible for maintaining the highest standards of testing documentation, creating a clear and auditable trail of their work. A significant part of the role involves drafting impactful summary reports and communicating findings clearly to senior stakeholders, including Front Office traders and sales personnel, as well as second-line functions like Compliance and Operational Risk. They also play a consultative role, supporting business stakeholders in determining necessary remediation actions for any control weaknesses identified. The typical skills and requirements for these jobs are a blend of technical knowledge and strong interpersonal abilities. Employers generally seek candidates with 2+ years of experience in a related discipline such as internal audit, external audit, front office controls testing, or independent control reviews. A solid understanding of Markets Sales and Trading activities—including knowledge of different asset classes like equities, fixed income, commodities, and currencies—and their inherent risks is fundamental. Candidates must possess a good grasp of control design assessment and effectiveness testing techniques. Crucially, because the role involves frequent interaction with senior business leaders, exceptional communication skills and the experience to develop and maintain strong, effective stakeholder relationships are paramount. A bachelor's degree is often preferred, but substantial, relevant industry experience and a proven track record of delivery are equally valued. For detail-oriented, analytical minds who thrive in a dynamic environment, Officer Business Risk Analyst jobs offer a challenging and impactful career path at the heart of the financial markets.
