Risk and Control Assurance Specialist (f/m/d)

Your area of work:

Clearstream Risk Management (“CRM”) as a Second Line of Defense Function is responsible for the measurement, controlling and reporting of operational, business and liquidity risks of the Clearstream Group. The CRM team reports to the Chief Risk Officer of Clearstream.

As part of this responsibility, the effective implementation and utilization of the Clearstream Risk Management Concept, the Internal Control System (“ICS”), needs to be monitored on an ongoing basis and includes providing an independent assessment of operating risks as well as a regular review of the design and operating effectiveness of implemented controls. The Risk and Control Assurance unit in our Prague office supporting this has only recently been established and is the first of its kind in the firm. Be part of this exciting journey and make your mark:

Your responsibilities:

• Perform regular risk assessments to determine the correct inherent risk of First Line of Defense operating risks to help identify that associated controls are commensurate with the determined risk classification.
• Perform control assurance measures assessing the Design and Operating Effectiveness of controls that are implemented in Clearstream entities and covering all our business lines; determine that these controls are in line with the group-wide ICS assurance approach and with respect to ICS requirements derived from various regulations.
• Support the effective remediation of identified Control Deficiencies owned by the First Line of Defense, including the review of planned actions, the ongoing monitoring of implementation measures and the re-assessment after completion.
• Cooperate with other Control and Audit functions (e.g., Compliance and Internal Audit) to leverage synergies
• Provide practical guidance to First Line of Defense staff on good controls management and controls performance.
• Support the creation and preparation of Management reporting on status quo for ongoing assurance measures and support the preparation of regular internal and external reports on the overall effectiveness of the ICS, in line with regulatory requirements.
• Support the identification, measurement, monitoring and reporting on the non-financial risks which Clearstream may be exposed to and the risks that Clearstream poses to any other entities including other financial parties and systems.
• Support developing Risk and Control Self-Assessments owned and performed by the First Line of Defense, including quality assurance and support.

Your profile:

• University or similar degree (also considering recent graduates or working students with a strong Risk and Control Management mindset)
• Previous Process Management or Operations experience would be an advantage
• Experience in Control Testing/Assurance/Monitoring/Auditing and Risk Management Concepts (e.g., COSO) – ideally, with a focus on financial services/banking/financial market infrastructure or Technology providers
• Experience in Technology related Control Testing/Assurance/Monitoring/Auditing would be an advantage
• Preferably knowledge of relevant regulation (e.g., CSDR, MaRisk)
• Knowledge of reporting tools (e.g., Tableau, PowerBI, etc.) would be an advantage
• Strong analytical skills, critical thinking, as well as ability to identify problems and propose solutions
• Excellent presentation, communication, and interpersonal skills; ability to work as an individual and in a team; be able to own and develop a task
• Fluency in English (French and German would be an advantage)

You can look forward to our benefit package:

• Hybrid Work and Flexible working hours
• Work from abroad - 12 days of remote work from EU countries per year
• Pension fund contribution - 3% of your gross salary (5% after 5 years with us)
• Health & Wellbeing - fully covered Multisport card, life & accident insurance, sick days and 100% salary contribution during sick leave (up to 56 days)
• 25 vacation days
• Mobility - fully covered public transport in Prague & free parking
• Flexible Benefit Account (Pluxee) - 1200 per month
• Group Share Plan - discount on company shares
• Personal Development - annual budget of €690 .. and way more!