Associate, Finance Compliance and Ops Risk Test Lead

Join our dynamic team to navigate complex risk landscapes and fortify technology governance, making a pivotal impact in our firm's robust risk strategy.

As a Compliance and Operations Risk Test Lead in the Testing Center of Excellence, you will play a pivotal role in enhancing our compliance and operational risk management. Your expertise in test execution will be crucial in managing and conducting precise and accountable tests, ensuring alignment with the firm's highest risks. Your analytical thinking and problem-solving skills will be key in identifying control coverage gaps and driving remediation of control issues. You will also be responsible for planning and organizing your own work, and potentially that of a team, while liaising and coordinating activities across various departments. Your role will be integral in ensuring a cohesive and efficient testing framework, contributing to the seamless delivery of quality outcomes.

Job responsibilities 

• Strong understanding of control environment of the assigned function with experience in evaluating the adequacy and effectiveness of controls in the Finance domain, as well as conducting control testing

• Execute testing processes with precision and accountability, ensuring all activities are completed accurately and on time.

• Skilled in preparing process documents, process flows documents, overview documents and robust audit documentation.

• Collaborate with Process/Control Owner on testing schedule, obtain walkthrough of the process, document process changes, evidence gathering, analysis of potential issues and reporting of those issues.

• Assess the control environment to identify gaps, verify controls are properly designed and implemented, and determine control effectiveness.

• Foster collaboration on various engagements with minimal oversight from leads. This includes developing detailed test scripts, facilitating issue discussions, participating in business meetings, and drafting comprehensive final reports to ensure alignment and clarity.

• Utilize analytical thinking to systematically organize, compare, and evaluate various aspects of a situation and environment to comprehend and identify key or underlying information.

• Collaborate with cross-functional teams and stakeholders to align testing efforts and ensure effective communication of testing outcomes.

• Lead meetings with business owners at various management levels, delivering testing results and supporting sustainable control enhancements. Identify and capitalize on opportunities to strengthen controls and improve operational efficiency and effectiveness of the firm's risk management.

• Serves as the primary point of contact for testers, providing guidance, resolving issues, and facilitating smooth communication within the team to ensure successful completion of testing engagements.

• Demonstrated ability to effectively influence and engage stakeholders during challenging discussions.

• Apply problem-solving skills to address complex situations, develop alternate solutions, and interpret policies to ensure compliance with technical standards.

• Post Graduates (CA, CPA, MBA Finance, CIA) should have 7–8 years of work experience, while Graduates should have 10–11 years of work in executing and managing testing processes within a risk and control environment.

• Proven ability to assess control environments, identify gaps, and drive remediation efforts to mitigate risk.

• Knowledge of banking products and the ability to interpret financial statements is required.

• Product Knowledge: Product Control / Balance Sheet Substantiation / Month End Closure process (journal entries, accruals, financial close procedures) / Treasury (liquidity management, capital management, Basel capital, securities operations, front & middle office operations, asset liability management) / Reconciliation Process (account reconciliation, position matching, break resolution etc. ) / Valuation Controls (Independent price verification / Fair value adjustments etc.), Regulatory Reporting / Financial Reporting (Daily financial reporting / / External disclosures / Off Balance Sheet review) / Control Testing (SOX testing / Risk Assessments / Key control reviews / Issue identification / Remediation tracking etc.)

• Proficiency in utilizing Project Management methodologies, tools, and techniques to lead and manage aspects of the project management lifecycle.

• Demonstrates strong analytical skills by critically evaluating complex processes and leveraging data analysis tools to support audit procedures.

• Demonstrated proficiency in analytical thinking, with experience in organizing, comparing, and evaluating various aspects of a situation to identify key information.

• Experience in proposing and implementing improvements to testing methods, contributing to the efficiency and effectiveness of risk management processes.

• Proven track record of effective collaboration with cross-functional teams and stakeholders, with a focus on aligning testing efforts and communicating outcomes.

• Strong skills in time management, problem solving, written and verbal communication for effective collaboration and reporting.

• Demonstrated expertise in MS Office applications, with advanced skills in Excel, Word, and PowerPoint highly recommended.

• Experience utilizing intelligent solutions such as Alteryx and Tableau.

Shift Timing: 12.30 PM to 21:30 PM