This is a key role within the Bank s First Line of Defense. The role acts as a trusted advisor to the Business Unit by assessing effectiveness of a control or suite of controls in line with bank s policies and Standards.
This role provides an opportunity to identify risks that could impede the scalability of operations and to deliver solutions for challenges faced by the growth of the organization.
Key Deliverables
The Lead Analyst will be responsible for evaluating control and processes addressing various risks - Financial Reporting (SOX), Operations and Compliance. In this process they will adopt the banks control testing standard, procedures, and industry best practices. The person in this role will be responsible for managing a small portfolio of controls, up the status of control testing, discussing delays and escalating any roadblocks to the Supervisor. Additionally, the person in this role will assist with ad hoc and special projects.
The Lead Analyst in this role is required to deliver the following:
- Complete testing of specific number of controls allocated in a month
- Complete the inline QC for a specific number of controls tested by Senior Advisors/ Peers
- Ensure the quality of documentation meets the required standards and manage the storage of evidence
The responsibility of the Lead Analyst include:
Planning:
- Participate and provide inputs in identifying the controls in scope for a specific Business Process
Control Evaluation:
- Ensure all risks associated with the control are adequately assessed
- Develop testing plans, and assess the adequacy of design and operation effectiveness of controls
- Perform transaction testing for data validation and Data quality checks to confirm validity and consistency of data attribute.
- Communicate the results of the control testing to relevant stakeholders and ensure necessary buy in
Managing stakeholders:
- Address any 2 LOD comments on the testing performed
- Advise the stakeholder on control related clarifications
Remediation:
- Conduct assessments of identified deficiencies, working with deficiency owners to document any actual or potential impact, determine root cause, support in developing action plans necessary to remediate findings, and research other relevant facts.
Quality:
- Assess the quality of workpaper in line with the testing procedures and provide feedback to Testers
- Proactively identify areas which have an impact on the quality
- Support the Testers in responding to 2 LOD comments
Skills and Qualification (Functional and Technical Skills)
Functional Skills:
- Team Player: Support peers and enjoys working with the team. Lead a team when provided an opportunity.
- Problem Solving: Perform root cause analysis for roadblocks in testing
- Communication: Excellent verbal, written, and interpersonal communication skills. Ability to demonstrate courage and objectivity when communicating with executive and senior leadership when presenting complex issues, recommendations, and opinions
- Attention to Detail: Outstanding attention to detail, accuracy. Ensures thoroughness in all tasks.
Technical Skills:
- Overall experience of 8 - 12 years with 5 to 7 years in IT/ Automated controls testing in Large Financial Institution (LFI) or Big 4 or large regional accounting firm experience
- Good understanding of bank processes over finance and accounting processes. SOX testing experience would be preferred.
- Has strong understanding of ITAC, ITGCs
- Strong analytical skills
- Proven capability to work independently without hand holding and exercising sound judgment & initiative
Qualification:
- Graduate ( / BE/ B.Tech)
- CIA, CISA, ISO 27001 (These are good to have but not mandatory)
Others:
- Comfortable working in standard shift timings of 1 pm to 10 pm IST
- Ability to be flexible with job duties, scope of work, and shift timings (especially during period-end close)
- Ability to multitask
- Efficient and well organized, able to work under tight deadlines
- Being innovative and suggesting process improvements and simplification ideas
Relationships & Collaboration
- Reports to: Senior Manager/ Associate Director
- Partners: Business Units
- Leads: Not Applicable for this role
