Control Testing/Reporting Lead 1LOD (Leading Bank)
Our client, a leading bank, is looking for a Control Testing Lead to join their growing team.
07th January, 2022
Location(s): 100% remote or LA depending upon candidate preference
WHAT IS THE OPPORTUNITY?
The Centre of Excellence (CoE) is responsible for performing control testing for all of first line key controls. The 1LOD Control Testing/Reporting Analyst is a key strategic and integral role for the overall success of CoE. This role is responsible for (i) executing control testing that evaluate the design and operating effectiveness of first line key controls; (ii) analyzing, aggregating, and articulating the results/issues/recommendations related to control testing activities; and (iii) maintaining a thorough understanding of Internal Controls Management Policy, control testing methodologies, and related regulatory and compliance standards. This dynamic position provides opportunities for working across, including across the business, 2LOD and internal audit.
WHAT WILL YOU DO?
Responsible for planning, executing, and reviewing Control Assessments (i.e. Testing) that evaluate the design and operating effectiveness of first line Key Controls
Maintain a thorough understanding of Internal Controls Management Policy and Standards, control testing methodologies, and related regulatory and compliance standards, including but not limited to enterprise risk management, data governance, third party risk management, model risk management, business continuity, fraud risk management, and associated regulations, guidance, and regulatory expectations
Develop robust and scalable testing modules, scripts, and other guides including testing approach for evaluating the effectiveness of CNB’s first line Key Controls to mitigate key risk exposures related to regulatory requirements and risk policies and standards
Exhibit high attention to detail in documentation of control evaluation work papers and remediation of reviewer’s commentary
Exhibit high attention to detail and strategic thinking in analyzing, aggregating, and articulating the results/issues of control testing activities and value-add opportunities for improvement of Key Controls to Senior Management and other stakeholders
Contribute to the articulation of results/conclusions/memos of control testing activities and communicate to key stakeholders across
Support development, implementation, and continuous improvement of tools, templates, and best practices that support control testing and reporting activities
Assist with the validation and closure of control issues as identified through testing
Maintain solid working relationships with 1LOD, 2LOD and internal audit
Supports a high-performance environment by fostering an inclusive work environment, helping/elevating peers, and taking ownership of individual developmental goals
Acts as brand ambassador of the CoE by developing solid working relationships across the organization as to facilitate communication and strategic partnerships
Contribute to ad-hoc assignments and special projects
WHAT DO YOU NEED TO SUCCEED?
Minimum 3 years of experience in controls testing, internal audit, quality control roles, or other complimentary capacities, preferably within the financial services industry, a public accounting firm, or with a financial institutions regulator
Minimum 2 years of experience in the financial services industry
Skills and Knowledge
Preferred Certifications: CPA - Certified Public Accountant, CIA - Certified Internal Auditor, CISA - Certified Information Systems Auditor, and CISSP - Certified Information Systems Security Professional
Knowledge of FINRA, SEC, MSRB, FRBNY and OCC rules and regulations
Experience with operating in a highly matrixed environment
Excellent communication and presentations skills
Demonstrated experience supporting risk projects across multiple business lines offering a wide variety of financial services products and services
Excellent analytical and complex problem-solving skills
Knowledge of the financial services sector, particularly with the competitive dynamics and products in banking and risk management
Strong time management skills
*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.