Operational Risk & Controls Manager

Salary: GBP76,246
Closing date: Tuesday, 23 April 2024
Contract type: Permanent
The Wellcome Trust is a global charitable foundation. We improve health for everyone by funding science, leading policy and advocacy campaigns, and building partnerships.
We plan to spend GBP16bn over the next ten years, funding new discoveries in life, health, and wellbeing, and taking on three global health challenges: mental health, infectious disease and climate and health.
These challenges need the bold science we support, but they won't be solved by science alone.
We are looking for an Operational Risk & Controls Manager to join our Risk team.
Where in Wellcome will I be working?
You will be working in the Risk team, reporting to the Head of Risk.
This role is part of the Risk Team and provides professional guidance, advice, and support in respect of risk and risk management to everyone working within the organisation in help with the delivery of our mission. This includes the development and delivery of the corporate risk management framework and business continuity arrangements.
What will I be doing?
You will provide expert advice and practical support to Wellcome's first line functions on the design and implementation of effective operational controls to effectively manage Operational Risk. You will be partnering with first line teams to establish suitably designed and operationally effective controls; and that they document, monitor, review and report against those controls according to Wellcome's risk framework.
This role will also lead on catalysing a risk and compliance mindset across first line teams and develop the capabilities of the first line functions around controls, in particular at an Executive and Senior Management (ELT/SLT) level. As a part of this role, you will advise and enable ELT/SLT in first line functions in the articulation of, and completion of, agreed audit management actions for which they are accountable.
As an Operational Risk & Controls Manager, you will:
Use expertise and knowledge to work in partnership with the ELT members, SLT members, department Risk Champions and other stakeholders across the organisation to catalyse a proactive risk management culture across first line management functions.
Design and deliver training and workshops to further embed Wellcome's risk management framework.
Enable the first line functions to monitor and evaluate the control environment through their ongoing regular risk and control self-assessments and assurance reviews and develop strong and collaborative interactions with 2nd and 3rd line functions to help ensure a strong control environment.
Work closely with existing risk champions to engender good practice in departments and support capability building and proactively advise, and coordinate the first line functions in delivering remediation plans required to close out open audit issues and mitigate associated risks in partnership with control owners.
Identify and implement opportunities for process improvements (both within teams and across the organisation) through simplification and standardisation and enable management at all levels to proactively identify control deficiencies and implement remedial measures.
Contribute to a diverse and inclusive culture across the organisation, collaborating across departments.
Is this job for me?
We are looking for someone who has a strong background in risk management and internal controls who is looking to work for a dynamic and growing team; and who would like to use their technical skills to add value as an internal advisor to the executive and senior leadership. You will have access to the most senior people in the organisation and have the opportunity to learn about a diverse organisation.
We are looking for someone who:
Strong technical knowledge of enterprise and Operational Risk, with experience and understanding of controls, compliance, assurance, and internal/external audit procedures.
Preferably qualified as an Internal Auditor, accountant, or risk professional with significant post qualification experience of dealing with management at all levels across a broad range of functional business areas.
Significant practical experience of designing and documenting processes and controls to manage and mitigate Operational Risks, and understanding of the evidence requirements to support the testing of such controls.
Demonstrable experience of maturing risk and controls across an organisation, and improving risk culture.
Experience of assisting in the preparation and/or review of organisational policies and standards.
An ability to think creatively and communicate effectively to improve the efficiency and effectiveness of processes and procedures to drive improvements.
To apply please upload your current CV and complete our short application
Interview dates: 09, 10 and 13 of May
You can view the full job description on our website
You can read more about the benefits we offer our employees on our website
Our Hybrid Way of Working
We understand that our colleagues have commitments and personal interests outside of work and we strive to build a flexible working environment, in which people can perform at their best. We are currently working 2 days per week (Tuesdays and Wednesdays) from our Euston Road offices (as part of our hybrid Ways of Working) with the remaining 3 days working either remotely or in the office.
From 1st September 2024 we will move to 3 days in the office (Tuesday, Wednesday and Thursday) with the remaining 2 days working either remotely or in the office.
Diversity and Inclusion is at the heart of everything we do
Diversity and Inclusion is a priority at Wellcome. We are committed to cultivating a fair and inclusive environment, where everyone can be themselves and thrive. We are happy to discuss flexible working options for all roles. We work to ensure that our recruitment processes are as inclusive as possible to everyone. This includes making adjustments for people who have a disability or long-term condition. Please visit our website for more information on adjustments and accessibility, or contact us at .
Upon a conditional offer being made, the successful applicant for this position will be required to undertake a Basic Disclosure and Barring Service (or equivalent) criminal record check to disclose any 'unspent' criminal convictions or conditional cautions under the Rehabilitation of Offenders Act 1974. The criminal record check with not show anything that is 'spent'.
For further guidance on disclosure of criminal records please see this UK Government Guidance. You can view our Policy Statement on the Recruitment of Ex-offenders here. You can view our Privacy Statement here.