Control Testing ( Virtual Drive )

A Control Tester is responsible for assessing whether key business, financial, compliance, IT, and operational controls are designed effectively and operating as intended. The role ensures the bank meets internal policies, regulatory expectations and reduces operational risks.

Key Responsibilities

1. Control Testing Execution

Perform design effectiveness (DE) and operating effectiveness (OE) testing of internal controls.

Develop detailed test scripts, sampling plans, and walkthroughs.

Conduct evidence-based testing for:

Financial reporting controls

Operational and IT general controls (ITGC)

Regulatory compliance controls

2. Documentation & Evidence Review

Collect and review evidence such as logs, screenshots, system reports, approvals, workflows, and audit trails.

Document test results in GRC tools (ServiceNow IRM, Archer, MetricStream, etc.).

Maintain high-quality workpapers aligned to internal audit standards.

3. Issue Identification & Reporting

Identify control gaps, process breakdowns, and residual risks.

Rate issues based on severity and regulatory impact.

Prepare clear, concise reports for stakeholders such as Risk Owners, Process Owners, and Audit Teams.

4. Stakeholder Management

Liaise with 1st line of defense (business + operations) to understand processes.

Work with 2nd line of defense (Risk & Compliance) to refine control frameworks.

Partner with Internal Audit for alignment on scope and testing methodology.

5. Continuous Monitoring & Improvement ,Participate in control self-assessment (CSA / RCSA) cycles.Support root-cause analysis and remediation validation.

Assist in enhancing control libraries, risk registers, and process maps.

6. Regulatory & Policy Alignment

Ensure testing aligns with regulatory requirements

Required Skills & Competencies

Technical Skills

Understanding of risk and control frameworks (COSO, COBIT).

Knowledge of banking / Insurance processes

Proficiency in GRC tools: ServiceNow IRM, Archer, MetricStream, Workiva.

Behavioral Skills

Strong analytical and critical-thinking abilities.

Excellent documentation and communication skills.

Attention to detail and adherence to testing standards.

Qualifications

Bachelor’s degree in Finance, Accounting, Business, Commerce, or IT.

Preferred certifications:

CISA, CA, CPA, IIA, etc