Oversight & Control- Senior Associate

SS CORP SVCS MUMBAI PVT LTD (Bangalore, KA, India) 3 days ago

Job Description

The Central Testing team performs operational effectiveness testing of internal controls on behalf of the First Line of Defence for all business lines and locations of State Street to support Business Risk Management (BRM) in assessing and continuously improving the bank’s control environment.

This role is to perform testing on behalf of BRM team and to provide effective coaching and workpaper review for less experienced team members. This role also requires regular, and open communication between the Central Testing team, Business Risk Management, and the broader operational business where control reside. The role will assist with the implementation and growth of the Central Testing function and work to ensure that the team produces high quality work to agreed timelines. This role also includes coordination of testing so that the testing program runs efficiently, in accordance with defined control testing methodologies.

The ideal candidate has some experience in a multinational financial services company performing work in a general risk management or control and process assessment environment (eg. SOX, SOC, Internal Audit, etc) . They will ideally possess a good working knowledge and experience in employing common control testing concepts such as population identification and sampling, documenting testing, exceptions, identifying root causes and an awareness of industry standard control assessment frameworks (eg. COSO). Some familiarity with any aspects of securities trading, asset management, custody banking, or fund services would be beneficial but is not essential.

Requirements

  • 3 – 5 years of experience performing risk and control assessment / testing in a financial services environment.
  • Good understanding and proven track record of using testing approaches to complete operational effectiveness reviews with limited direct supervision.
  • Strong verbal and written communication skills with the ability to clearly and concisely present issues to applicable parties
  • Strong organizational and time management skills; ability to manage own time in order to meet deadlines.
  • Ability to manage multiple simultaneous tasks in a high-pressure, deadline-driven environment.
  • Ability to work independently with appropriate guidance and provide effective coaching and workpaper review for less experienced team members.
  • Team player

Beneficial but not essential:

  • Complete or partial professional qualification in an audit or related field (eg. ACCA, ACA, CIA, CFA, etc)
  • Some familiarity with common risk and control processes in securities trading, asset management, custody banking, or fund services.
  • Some knowledge and awareness of relevant compliance requirements and fundamental regulation (eg. AML/CFT, legal entity governance, etc)
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Oversight & Control- Senior Associate

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