Your area of work

As a member of the Outsourcing & Controls team, you will play a key role in supporting the Clearstream Fund Services entities and business units in meeting their regulatory and internal obligations related to Outsourcing & Controls activities. Your main responsibilities will include:

Ensuring operational compliance with strategic and regulatory requirements, including maintaining robust and audit-proof documentation
Implementing and continuously improving Outsourcing & Controls related frameworks including oversight, monitoring and control processes
Providing timely updates to management and Executive Boards on Outsourcing & Controls related matters

Your Responsibilities

You will act as a key contributor within the 1st Line of Defense supporting various stakeholders. Your responsibilities include amongst others:

Assist with setting up service review criteria for outsourced services (e.g. Key Performance Indicators) and the related reporting
Strengthening the Internal Control System following the methodology and strategy set by Group Risk Management
Facilitating Risk and Control Self-Assessments to identify key risks, (non)financial impacts and relevant controls
Challenging process, risk and control owners and operators on risk assessments, control design and operating effectiveness
Coordinate and contribute to the preparation of key reports and assessments for the 1st line of defense, executive managers and/or regulators or clients, including for example: the ISAE 3402 report, Management Report on Internal Controls or assurance heatmap.
Supporting and collaborating in the execution of the Assurance Heatmap, Individual Data Processing, Management of External Findings and Patent policy related activities
Collaborate with various stakeholders across Clearstream Fund Services to ensure a consistent application of Outsourcing & Controls requirements
Provide guidance and training to 1st Line of Defense functions with regards to the application of requirements for Outsourcing & Controls
Analyze and assess regulatory changes in relation to Outsourcing & Controls activities
Maintain and update the Outsourcing & Controls related Policies and procedures
Dedicated contact person for 1st Line of Defense functions, control functions as well as internal and external auditors on Outsourcing & Controls related matters

Your Profile

A university degree in economics, finance or business administration related field
1-3 years of relevant work experience
Financial Services background and experience with internal control system related activities preferred
Strong analytical and problem-solving skills, with a critical and risk-oriented mindset
Ability to challenge constructively and engage with senior stakeholders
Team player with strong communication and stakeholder management skills
Proficiency in Microsoft Office tools is expected (Excel, PowerPoint, Word).
Exposure to or interest in process mining, data analytics and automation tools such as Power Apps, Power Automate and Power BI is considered a strong asset.
Knowledge of Deutsche Boerse business processes is a plus but not mandatory
Fluency in English, both written and spoken
Knowledge of an additional language (e.g. German/ French) is an advantage

Duration: full-time contract

Location: Cork, Ireland

Outsourcing & Controls Management Officer

Job Description