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Controls Test Manager

Gurgaon, HR
Job Code:
  • Banking & Finance
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Job Details

The ResponsibilitiesAssist in the identification and resolution of risk issues (approx 60% time spent on activities relating to this) Read any relevant background material in order to prepare for assignment.May participate in setting up and carrying out site visits. Conduct walk through interviews with key individuals to identify processes, risks and controls. Capture data in the form of process maps and meeting notes and share key information with colleagues / team leader. May contribute to key documents such as Scoping Document and Risks and Controls Document.May contribute to design of testing strategy to be used during fieldwork if different to the agreed test plan. Designs and facilitates overall risk and control processes i.e. governance, policy development, compliance management and control visits. Influences the integration of Group Risk & Control initiatives and processes into the division specific frameworkDemands evaluation and overall design of risk and control programmes in line with the defined risk and control strategy and risk tolerance Influences and designs assessments, assessment execution processes and related oversight processes for internal/ external audits and/or execution of legal/ regulatory or Group programmes and serves as escalation/ conflict resolution pointSpearheads independent reviews, prioritises identified issues and assesses remediation actions for quality, considering the optimal cost-risk ratio as well the strategically optimal resolution (e.g. patch vs. root cause remediation up/downstream) Ensures appropriate senior management awareness/oversight of follow-up on action items to resolve identified issues, e.g. OR self-assessment, independent (project) risk review, audit issue resolutionDevelops strategy and designs a framework to proactively manage OR loss collection, lessons learned, risk acceptance and new product approval process. Advises strategic projects and requestors on options and the process Designs frameworks to proactively manage internal/external audit processes. Proactively manages regulatory and legal audits, plans in cooperation with central functions preparation and remediationVerifies remediation concepts for critical and systemic issues and monitors their execution according to plan and with quality Pre-empts changes in the legal/ regulatory environment and supports and advises senior management of potential impactEnsuring all IT related risks are managed and governed from inception till closure within the Group risk register. They will be required to work with the Operational Risk team and other Group control functions e.g. Group Internal Audit (GIA) to validate and challenge risk issues raised, ensure appropriate actions are identified, ensure risks are proportionately rated, and track progress of actions to risk issue closure.Assist in monthly senior management risk reporting and end to end Orbit Management Support all Audit activity including the undertaking of operational risk assessments and scenario analysis activities.The Managing Our Operational Risk Policy Standard requires that we ensure that operational risk issues are captured and classified consistently, and that there is robust governance over their closure and acceptance RACA maintained, monitored & updated across all operational areasCompliance to Conduct risk policies Do (CAPA) Corrective Action and Preventive Action planning for all Incidents & Issues Team's capability building and training planDrive risk as culture and not compliance Undertake regular testing (ex. "Are You In Control") and SCP reporting Identity, assess, manage, monitor, andreport risks and risk issues AYIC, EUDA, UER, Clear Desk and CEC complete in line with Group requirements as applicable to Markets TechnologyClear identification & set up of charter of responsibilities of FOLD, operational risk teams and QA Launch of robust Incident management processEarly Warning audit approach maintained and reported for all functionsReduce the number of reportable risks within 2nd & 3rd Line of Defence reviews Implement appropriate changes following policy/policy standard reviewsEmbed Conduct Risk requirements as outlined by Group Policy Framework Sustained or improved rating on monthly RCC submitted to RIORC & GCC forumsEmbed ABC, AML risk requirement as outlined by Group Policy FrameworkThe Requirements EssentialA total of 10-14 years of experience in IT/ITES or Banking environment in the Technology space with at least 7-9 years of experience in IT Risk & Controls, Info Security, Ops Risk Management He/she must have demonstrated leadership specific to technical information security issues as well as an understanding of the financial services industry business processes and regulations.High level communication skills are essential to successfully translate technology and security requirements into business terms and influence senior business and IT leadership on a regional basis. Ability to deliver under extreme pressure.Self motivated and be able to motivate staff, particularly through a period of significant technological and business change. Experienced working with senior management including Executives.Capability to implement world class business processes. Ability to manage multiple tasks concurrently in an efficient and effective manner with minimal supervisionAbility to command respect from staff, peers and Executives. Ability to build and maintain strategic partnerships with key stakeholders.Ability to energise and empower people to operate effectively across geographical boundaries, in a large operational organisation on a regional and global scale. Ability to rapidly assimilate technical change across a broad range of business an technology requirements and facilitate the development of infrastructure strategiesUnderstanding of Technology Services as a business and the impact of new technologies and systems on that business
Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 10-14


Personal/ Retail Banking | Project/Structured Finance | Risk/Credit/Economic Analyst
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