Data Risk Analyst Job at Social Value Portal Ltd (Birmingham)

Job Responsibility

Support oversight of data risk identification, assessments, acceptances, and mitigation strategies across data management and technology functions, ensuring appropriate controls are designed and operating effectively
Support management of all data risks, controls, incidents, issues, and remediation activities that fall under the IT and Data remit, ensuring alignment with Group Risk Management frameworks
Partner with Data Governance, Architecture, Engineering, Security, and Business teams to co-manage and enhance the existing data control environment
Support the enhancement and management of data risk frameworks, data risk registers, and risk reporting processes
Assist in embedding data governance and risk management practices across critical data domains and business processes
Support development and monitoring of KPIs and KRIs for data risks, control effectiveness, data quality, regulatory compliance, and governance maturity
Support control assessments, control testing activities, and remediation plans across the data environment
Challenge business and technology stakeholders on data risk and control matters, including incidents, issues, remediation actions, and regulatory obligations
Contribute to the design, implementation, and continuous improvement of data risk policies, standards, controls, and governance processes
Support mapping of policies, standards, and controls to regulatory requirements and industry frameworks (e.g. GDPR, DORA, BCBS239, ISO, NIST, COBIT)
Support management of internal and external audit processes, ensuring timely and accurate responses to audit requests, and driving remediation of findings with timely closures of related actions
Provide guidance and support to stakeholders regarding compliance and governance requirements
Support maintenance of a Data compliance register, mapped with applicable regulatory requirements and associated controls
Monitor changes in relevant laws and regulations and advising on impact and remediation, in conjunction with Compliance
Ensure policies, standards and guidance are updated following any review activities such as (but not limited to) external audits, regulatory changes and any internal change/requirements. And support the governance and communication of these updates to relevant stakeholders and committee/boards
In collaboration with Compliance, support relevant teams in fulfilling regulatory deliverables and provide input on any required communication to a regulator (eg. CBI)
Develop and carry out an annual assurance programme for controls and policies under the IT and Data functions

Requirements

Extensive experience (5+ years) in data compliance, risk management, controls, and governance within a regulated environment
Experience within a financial industry desired
BA/BS degree, and/or relevant industry experience
Experience in Data governance, risk, and compliance
Strong stakeholder management at all levels
Providing guidance on Data governance, risk, and compliance matters
Ability to identify and evaluate Data risks and controls and provide practical and effective recommendations
Ability to communicate complex Data risk and compliance issues to non-technical audiences
Experience in writing effective committee papers desired
Passionate about compliance, risk management, audit principles and practices and continuous improvement
Proven experience in operating in an Data GRC environment and in particular, leading the designing of Data risk frameworks, controls and policies
Excellent stakeholder management, communication and influencing skills, with the ability to build strong relationships and partnerships across the organisation
Strong knowledge and understanding of Data risk management frameworks, methodologies and tools, such as DAMA methodology, BCBS239 etc
Strong knowledge of Data governance, compliance and regulatory requirements, such as GDPR, PCI-DSS, Solvency II, etc
Analytical approach with ability to work systematically and unsupervised, to tight deadlines and with multiple competing priorities
Demonstrable ability to communicate with project teams and advise on operational implications of business requirements and change delivery risks
A self-starter and independent learner who takes the initiative to challenge the status quo and is creative and comfortable with 'blank sheet of paper' assignments
Strong written and oral communication skills. Influencing and excellent report-writing experience with a high standard of English is a pre-requisite

Nice to have

Experience within a financial industry
Experience in writing effective committee papers

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Data Risk Analyst

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