Job Description

About the Role

The controls evaluation team will perform evidence based control testing which may involve sampling and inspecting evidence to assess the design and operating effectiveness of controls and whether they are mitigating the assigned risks.

This role will help in strengthening the business control environment through proactive evaluation of controls, identification of issues and by providing consultative guidance to the front line business groups.
For this role, we are looking for a candidate with good understanding of risk management, operational risk and control evaluation methodologies with an ability to assess the design and operating effectiveness of controls for medium to high complex processes. The role requires engagement with multiple stakeholders, providing credible challenge and an ability to identify and report potential control gaps in the business processes.

Responsibilities
Individual contributor role focusing on performing evidence based control evaluations by conducting various evidence gathering activities.
Design, maintain and execute the control evaluation scripts, identify control deficiencies, document and escalate potential issues to appropriate stakeholders.
Validate & track action plans, escalate issues as required and document the control test artifacts and findings.
Perform control evaluations for moderate to complex engagements, challenge status-quo and identify opportunities to add efficiencies or refining the existing processes.
Engage and work with multiple stakeholders - front line business groups, risk program aligned functions and IRM teams for driving the objectives of risk and control programs.
Instill and drive proactive risk culture, operational excellence and efficiencies.

Essential Qualifications and Experience

Bachelor's degree or higher. Relevant certifications will be an advantage
Overall experience of 8 years with 5 years of relevant experience in Financial Services industry and / or risk & control domains covering operational risk, controls testing / evaluation, compliance, internal audit, risk management etc.
Experience in automation / advanced excel / reporting will be an advantage.
General knowledge of industry standards and best practices around control evaluations / testing, internal audit and risk management processes.
Experience creating test questions or test scripts
Experience assessing control design and performance through testing, audit or Risk Control Self-Assessment practices
Experience assessing processes, procedures and identifying controls
Experience in assessing risk, reviewing risk ratings, identifying control gaps and determining the appropriate evaluation methodology
Essential Skills
Comprehensive understanding of operational risk management in the financial services or other highly regulated industries
Strong analytical skills with high attention to detail and accuracy.
Excellent verbal, written, interpersonal communication skills and stakeholder management.
Demonstrate positive attitude and readiness to work in a challenging and dynamic environment.
Flexibility to multi task and work across domains and business groups.
Ability to credibly challenge, conduct tough conversations and effectively communicate with various levels of management
Ability to synthesize data from a variety of sources and deliver results quickly
Education: Any Graduate
Industry: Financial Services/Stockbroking, Banking

Skills Required