About the Role:

Grade Level (for internal use):

Title: In Business Control Officer - Corporates

The Role

Reporting to the Head of In-Business Control Analytical, this position is responsible for providing 1st Line risk & control support and capabilities for the Analytical teams across S&P Global Ratings, with primary focus on the North America Corporate & Infrastructure practices. This includes the identification and remediation of risk & control issues, implementation of control monitoring & testing, delivery of insights to enable appropriate risk-based decision making and embedding controls into new processes and solutions to ensure quality and adherence to regulation and internal policies. This role will work closely with Analytic teams, Compliance (2nd Line), Internal Audit (3rd Line), Rating Operations, Editorial and other IBC colleagues to implement an effective 1st Line risk & control framework that ensures the production of quality ratings in a manner consistent with established policies, procedures, and applicable regulations.

Responsibilities:

• Partner with Ratings colleagues to ensure alignment between specific risk priorities and broader IBC, Ratings, and Corporate priorities.
• Help to ensure that new (or changes to) processes and solutions are designed with necessary controls to ensure quality, risk mitigation, and adherence to policies and regulation.
• Help to deliver the necessary insight to Analytical personnel to enable effective risk-based decision making.
• Carry out risk-based periodic monitoring and testing of key controls; Utilize databases to develop and design monitoring and testing of controls.  
• Contribute to projects that address regulatory needs (e.g., modifying processes to address changes in regulation, regulatory exams, remediation of findings, etc.)
• Participate in and/or lead projects with emphasis on controls and process improvement.
• Advise and become involved with the development of Standard Operating Procedures (SOPs) and internal controls.
• Work with 2nd/3rd Line departments (e.g., Compliance, Internal Control, Internal Audit, etc.) to optimize the partnership between the 3 Lines of Defense.
• Monitor exceptions to process and ensure compliance with applicable procedures.
• Analyze and resolve moderately complex situations as they relate to internal controls and quality assurance activities.
• Subject matter expertise of key SOPs of S&P Global Ratings.
• Support risk and regulatory projects across S&P Global Ratings, as needed.
• Provide support in the development and resolution of Management Action Plans (MAPs) that address regulatory, compliance and internal audit findings.
• Support and deliver training on policies, procedures, and controls, as well as for any systems or tools related a specific control.
• Contribute to global risk and control initiatives.
• Demonstrate technical awareness and understanding of products, tools, and associated risks.

Compensation/Benefits Information: (This section is only applicable to US candidates) 

S&P Global states that the anticipated base salary range for this position is $100,909 to $120,000. Final base salary for this role will be based on the individual’s geographic location, as well as experience level, skill set, training, licenses and certifications. 

Required Qualifications:

• 5+ years of relevant experience and knowledge of sound practices relating to effective internal controls or operational processes.
• Bachelor’s degree required.
• Working understanding of credit rating agencies, debt markets and credit rating agencies regulatory agencies and regulatory frameworks around the globe (i.e. NRSRO).  
• Comfort with following up with senior personnel on deliverables.
• Excellent communication skills, both oral and written, and the ability to communicate at all levels of the organization.
• Self-starter who is eager to learn new concepts and process different elements of risk.
• Working understanding of internal control principles, including what constitutes an effective control design.
• Knowledge of best practices in internal control testing approaches and documentation of results.
• Ability to analyze and provide a credible assessment of the effectiveness of the internal control structure within his or her assigned sphere.
• Working understanding of systems and reporting needed to effectively monitor