Control Tester Specialist-Gurgaon/Noida

Shift Timings- 3 pm 12 am

Role Summary:

Operations Control Testing Specialist

• Wires
• ACH (Automated Clearing House)
• Digital Banking
• Cash Management/Transaction Banking
• Customer Service Center

This role plays a critical part in ensuring operational effectiveness, mitigating risks, and adhering to regulatory requirements within the organization.

Key Responsibilities:

1. Control Testing and Evaluation:

• Plan, execute, and document comprehensive control testing for the assigned portfolios in alignment with the organization’s RCSA framework.
• Assess the design and operating effectiveness of controls in critical operations, including Wires, ACH, Digital Banking, Cash Management, and Customer Service Center.
• Identify and evaluate potential risks, control deficiencies, and areas of improvement.

2. Risk and Control Assessments (RCSA):

• Develop and maintain the RCSA framework for the respective portfolios.
• Perform risk identification, assessment, and mitigation reviews across processes to ensure compliance with enterprise risk policies.
• Collaborate with process owners to design and implement robust risk mitigation strategies.

3. Regulatory and Policy Compliance:

• Ensure compliance with applicable regulations (e.g., FFIEC, OCC, SOX, etc.) and internal policies related to risk and operational controls.
• Monitor adherence to established risk thresholds and escalate breaches to appropriate stakeholders.

4. Collaboration and Stakeholder Engagement:

• Partner with cross-functional teams, including operations, compliance, IT, and audit, to support risk management initiatives.
• Serve as the subject matter expert (SME) for the assigned portfolios and provide guidance on risk and control-related matters.

5. Reporting and Documentation:

• Prepare detailed testing documentation, including risk and control matrices, test scripts, findings, and action plans.
• Deliver periodic updates and reports to senior management, highlighting control testing outcomes, identified risks, and mitigation status.

6. Continuous Improvement:

• Stay updated with industry best practices and regulatory changes affecting operational processes and control testing.
• Proactively recommend and implement enhancements to control testing methodologies, tools, and frameworks.

Key Qualifications:

• Education:

  Bachelor’s degree in Business, Finance, Risk Management, or a related field. Advanced degrees or certifications (e.g., CRMA, CISA, CAMS, or CPA) are a plus.

• Experience:

  5-10 years of experience in operations control testing, risk management, internal audit, or a related role within financial services.

• Domain Knowledge:

  In-depth understanding of operational processes in Wires, ACH, Digital Banking, Cash Management/Transaction Banking, and Customer Service Center.

• Technical Skills:

• Proficiency in risk management frameworks (COSO, ISO 31000).
• Familiarity with GRC tools (e.g., Archer, MetricStream, or other enterprise risk platforms).
• Strong analytical skills with experience in data analysis tools like Excel, Power BI, or Tableau.

• Soft Skills:

• Excellent written and verbal communication skills for reporting and stakeholder presentations.
• Strong problem-solving and critical thinking abilities.
• Effective collaboration and interpersonal skills.

Preferred Attributes:

• Experience working with large financial institutions or consulting firms.
• Hands-on experience with RCSA frameworks and regulatory audits.
• Track record of successfully implementing risk mitigation strategies and process improvements.