Job Details: Operational Control Analyst
Full details of the job.
Vacancy Name
Vacancy Name Operational Control Analyst
Vacancy No
Vacancy No VN847
Location Country
Location Country Ireland
Work Location
Utmost need to select custodian banks and asset managers that are aligned with the business needs and meet our requirements, and as such each proposed partner before being on boarded need to go through a due diligence process. The due diligence process approach is risk based, which means that Utmost would be expected to take reasonable measures to satisfy that the partner: 1) is in possession of any required authorisation licences or registrations; 2) is not experiencing any serious financial difficulties; 3) is an entity of good repute and that its senior management are persons of good repute; and 4) has the required capability and expertise to provide the required services.
Partner Monitoring
The Central Bank of Ireland expects that where an insurance undertaking becomes aware of any issues with any of its partners that are relevant and material, that the undertaking has a framework in place to manage and remediate such issues. Therefore, appropriate controls and governance structures are established to monitor and guarantee adequate oversight of custodian bank and asset manager activities. The governance approach is based on the Directive 2016/97/EU of the European Parliament and of the Council of 20 January 2016 on IDD, which means that Utmost would be expected to take reasonable measures to monitor the partners in areas such as: 1) corporate details; 2) compliance and risk management; 3) code of conduct; 4) reputation; 5) authorisation and competency; and 6) solvency controls.
Projects
Support a constantly evolving operating environment focused on streamlining processes and implementing enhanced and automated business controls
Investigate and analyse operational requirements and issues, identifying effective solutions through improvements to information systems, data management, processes/procedures and operating models
Apply business analysis methodologies to document current‑state (“As Is”) and future‑state (“To Be”) processes
Use business analysis tools and techniques to define clear, accurate and structured requirements for investment‑related projects
Ensure a strong understanding of agreed process standards and deliver business analysis outputs in line with those standards
Identify opportunities for innovation, efficiency and continuous improvement across the function and broader business
Ensure accuracy, completeness and quality of work through thorough review, clear presentation for meetings and timely follow‑up on actions, commitments and deliverables
Desirable Qualifications and Experience
Typically holds a bachelor degree or other business type qualification such as business analysis, QFA or similar
3-5 years’ financial services/insurance industry experience
Comprehensive knowledge and experience of investment products and operation processes in an insurance environment
Demonstrated ability in implementing technological solutions for enhancing business processes
System testing skills and qualification preferred
The role requires conceptual thinking and working from first principles and requires a right first time attitude
Actively spots new methodologies and opportunities for change
Problem solving, decision making and excellent verbaland written communication skills
Cross Training (i.e. learn about all systems in order to support colleagues)
International company experience is an advantage, as well as continental European language capability
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