Control Testing Associate

Bank of London is one of only six UK clearing banks with direct access to the country's payment systems. Built on modern, cloud-native technology, we provide businesses with secure, API-driven banking that's fast, compliant, and built for growth. Our role is simple: help ambitious businesses turn their plans into reality by removing barriers and simplifying complexity. If you want to work where technology meets banking, where security comes first, and where your work directly enables business ambition, you're in the right place.

We’re looking for someone who can help strengthen the way Bank of London runs: making sure our key controls work in practice, spotting where processes can be improved, and giving teams clear, evidence-based insight they can act on. This role sits close to the business and helps turn control testing from a compliance exercise into a practical tool for better decision-making, stronger operations, and safer growth.

The role also provides additional coverage for validating relevant regulatory reports and compiling and documenting evidence for submission, alongside core control testing responsibilities.

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Job responsibilities

Control testing and control assurance

  • Shape and deliver the annual control testing plan by agreeing priorities and scope, setting a practical timetable, and working with control owners and operators so testing is focused, timely, and useful.
  • Test controls in line with the Bank’s Control Testing Standard by assessing design and operational effectiveness and clearly document any deficiencies identified as Control Findings where effectiveness is materially compromised, or Control Improvement Points where improvements are needed but effectiveness is not materially compromised.
  • Document and review objective evidence that demonstrates control operation, retaining clear, complete, and audit-ready records.
  • Document test steps, sample selection rationale, results, and testing conclusions.
  • Track remediation actions raised from findings and support timely closure, escalating where needed.

Risk alignment and stakeholder management

  • Work closely with Control Owners, Control Operators, Risk Owners, and second line colleagues to support consistency in testing practices and evidence standards.
  • Contribute to governance, monitoring, and reporting on control testing activity, outcomes, and open actions.

Regulatory reporting validation (additional coverage)

  • Provide support for validating and evidencing relevant regulatory reports, including reasonableness checks and reconciliation of supporting evidence.

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Job requirements

Experience

  • 5–7 years’ experience in financial services, banking preferred.
  • Minimum 3–5 years’ experience in control testing within a banking environment (first line, second line, or internal audit style control testing).
  • Experience supporting validation of regulatory reports and preparing evidence suitable for submission (for example, reconciliations, reasonableness checks, and clear audit trails).

Technical / professional skills

  • Strong understanding of what makes a control effective, including good design, consistent operation, clear ownership, and reliable evidence.
  • Ability to write clear and simple control testing documentation.
  • Strong analytical skills and confidence working with data, including using Excel to sample, reconcile, test, and explain what the results mean.
  • Ability to manage competing priorities and keep work moving across different teams.
  • Comfortable working independently and taking initiative.
  • Resilient and adaptable in a dynamic environment.

Tools

  • Prior experience with GRC tools is highly desirable.

Behaviours

  • Curious and confident in asking good questions, testing assumptions, and challenging constructively while keeping relationships strong
  • Detail-oriented, with high standards for documentation and evidence.
  • Reliable and accountable, with a practical mindset and a focus on solving problems, not just identifying them.
  • Comfortable working across first and second line expectations, adapting to changing priorities while staying pragmatic and outcome-focused.

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Benefits

  • Competitive salary package
  • 25 days annual leave plus Bank Holidays
  • Holiday allowance that increases with length of service
  • Birthday leave
  • Enhanced company pension offering (up to 20% salary sacrifice)
  • Competitive sick pay
  • Life Assurance - 4x annual salary
  • Critical Illness Insurance
  • Private Medical Insurance with comprehensive cover for you and your family
  • Personal Benefits Allowance to purchase Salary Sacrifice Benefits (Cycle to Work, PG Protect, Dental Insurance)
  • 24/7 GP service, virtual physiotherapy, eye care, prescriptions, and health apps.
  • Digital counselling, virtual mental health support and Employee Assistance Programme
  • Digital fitness classes and discounted gym memberships.
  • Market leading parental leave
  • Fresh daily fruit and snacks
  • Bi-weekly office breakfasts
  • Peer-to-peer recognition programme with monthly value awards
  • Clear goals and performance development framework

‍Diversity

‍Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, disability, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.

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