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Business Risk and Controls Analyst

Penmark Solutions
New York, NY
April 08, 2021


Contract Business Risk and Controls Analyst

6+ Months contract, initially remote

The Business Risk and Controls Analyst will assist with the assigned compliance control functions for Investment and Corporate Banking in the Americas and support the development, implementation, and maintenance of a regulatory compliance program across the business and legal entities. This position reports into the Banking COO group.


The Analyst’s day-to-day responsibilities will support the mitigation of regulatory and operational risk by maintaining a fit- for-purpose business control program. In this capacity, the Analysts will

Prepare control reports by collecting, analyzing, and summarizing the information, as required by Management, Head Office and other compliance departments.

Monitor and track compliance with policies and procedures.

Track and monitor training attendance of Banking employees and compliance with policy requirements

Assist with testing of controls to determine effectiveness within the first line of defense.

Assist in responding to information requests from internal audit, internal testing teams, as well as external auditors.

Assist with monthly key risk assessments as part of the overall Operational Risk Management Framework of the Division

Assist in the preparation of training materials.

Assist in the review of marketing material review.

Assist in monthly reporting of compliance metrics to Banking senior management.

Identify, analyze and escalate compliance and/or regulatory issues within Banking to determine their root cause and work with others to resolve the issues.

Assist with the implementation of changes to the Client Relationship Management platform, as well as internal policies and procedures, to understand impact and ensure compliance review procedures are updated as appropriate.

Stay current on regulatory changes.

Interact and maintain highly effective partnerships with line of business management, COO team and staff.

Provide assistance, support and management of other projects as assigned.


MUST be eligible to work in the US

Bachelor’s degree, JD preferred.

1-3 years of relevant work experience

Series 7 and Series 24 preferred

Broad working knowledge of laws and regulations related to areas of assignment.

Demonstrated ability to develop project plans and independently coordinate and complete projects in a timely manner.

Strong Critical Thinking and Problem-Solving Skills


Ability to analyze complex regulations and policies.

Quick and accurate reading comprehension

Efficient and accurate record keeping

Strong written and verbal communication skills including a demonstrated ability to clearly provide written reports that accurately and clearly summarize issues and present solutions in an understandable and logical manner.

Ability to influence others’ actions and decisions without express of authority.

Proficiency in Microsoft Office Suite and other utility applications (e.g., Adobe Acrobat)


Bachelor’s degree, JD preferred.