The pathway
How you actually get there, here
How you become one varies far more by country than what one does. This is the UK route. Most people take one of these ways in; the right one depends on where you're starting from.
- 1
Junior Operational Risk Analyst (L1)
1-2 yearsSkills to master
- GRC system navigation, basic control testing, accurate loss event data entry, understanding of the 3LOD model, clear documentation.
You're ready to move on when
- Consistently accurate data entry and documentation.
- Ability to execute assigned control tests independently and identify basic control weaknesses.
- Proactive in asking questions and seeking to understand underlying processes.
- Reliably meets deadlines for routine tasks.
- 2
Internal Audit Associate
2-3 yearsSkills to master
- Control testing methodologies, audit report writing, stakeholder interviewing techniques, understanding of governance frameworks, risk-based audit planning.
You're ready to move on when
- Strong understanding of internal controls and how to test their effectiveness.
- Experience in drafting audit findings and recommendations.
- Ability to challenge business processes and identify control gaps.
- Good grasp of risk management principles from an assurance perspective.
- 3
Compliance Analyst
2-4 yearsSkills to master
- Regulatory interpretation, policy development, compliance monitoring, understanding of conduct risk, investigation skills.
You're ready to move on when
- Solid understanding of financial services regulations and their practical application.
- Experience in monitoring adherence to policies and procedures.
- Ability to identify and escalate compliance breaches.
- Strong analytical skills in reviewing operational processes for regulatory alignment.