Associate - Compliance and Ops Risk Test Sr Specialist

Fairygodboss; Bengaluru; On-site; INR 1,200,000 - 1,500,000; Full time

Job summary

Fairygodboss is seeking a Compliance and Operations Risk Test Senior Specialist in Bengaluru, India. This role demands a deep understanding of risk management to assess controls and mitigate risks, ensuring compliance.

You will be responsible for leading testing processes, collaborating with various teams, and adapting to shifting priorities. The ideal candidate should possess a Bachelor's degree and at least 4 years of relevant experience, with strong analytical and communication skills.

Join a diverse team committed to maintaining a robust control environment and enhancing operational risk management.

Qualifications

• Minimum of 4 years of work experience in controls testing or operational risk management.
• Proficient in analyzing large data sets to identify exceptions or patterns.
• Ability to influence business leaders effectively.

Responsibilities

• Evaluate the control environment and assess the adequacy of controls.
• Execute testing processes with accountability to identify gaps.
• Collaborate with cross-functional teams on testing schedules.

Skills

Analytical thinking and problem solving

Collaboration with stakeholders

Organizational and time management skills

Excellent communication skills

MS Office proficiency

Education

Bachelor's degree in business, finance, or related field

Tools

Excel

PowerPoint

Alteryx

Tableau

Job description

Job Summary

As Compliance and Operations Risk Test Senior Specialist, your deep understanding of risk management and control evaluation will be instrumental in identifying and mitigating risks, thereby enhancing compliance and operational risk management. Your expertise in test execution with precision and accountability will ensure the seamless delivery of quality outcomes, ensuring alignment with the firm's highest risks. You will be responsible for assessing the control environment, identifying gaps, and driving remediation efforts to mitigate risk. Your analytical thinking and problem‑solving skills will be crucial in breaking down complex business objectives into manageable tasks and activities. Your role will be integral in ensuring a cohesive and efficient testing framework, contributing to the seamless delivery of quality outcomes.

Job Responsibilities

• Understand and evaluate the assigned function's control environment with proven experience in assessing the adequacy, effectiveness and design of controls to ensure alignment with SOX, other regulatory frameworks and with the firm's risk priorities.
• Execute the testing processes with precision and accountability to assess the control environment, identify gaps and prepare robust documentation including process documents, process flows, and overview documents that support testing conclusions.
• Collaborate with Process/Control Owner, cross functional teams on testing schedule, obtain walkthrough of the process, document process changes, evidence gathering, analysis of potential issues and facilitate timely reporting.
• Play key role in issue validation, action plan quality and closure discipline by partnering with control owners to ensure remediation aligns with risk acceptance and compliance expectations.
• Lead walkthrough and other meetings with business owners fostering collaboration across engagements with minimal oversight.
• Read and interpret policies/standards/procedures to ensure accurate implementation of compliance requirements while continuously improving control evaluation methodologies and interpreting control ratings & metrics to strengthen the firm's compliance and operational risk management framework.
• Propose and implement improvements to current testing methods, contributing to the overall efficiency and effectiveness of the firm's risk management.

Required Qualifications, Capabilities and Skills

• Bachelor's degree in business, finance, or related field; or equivalent work experience. Minimum of 4 years of work experience in controls testing, audit, operational risk management within a risk & control environment.
• Demonstrated proficiency in advanced analytical thinking and problem solving skills particularly in regard to analyzing large data sets to identify exceptions or patterns and evaluating various aspects of a situation to identify key information.
• Proven ability to build strong partnerships with key stakeholders and collaborate with business & functional experts to recognize risks and gaps.
• Excellent organizational and time management skills – ability to remain flexible and productive through shifting priorities and deadlines.
• Excellent written and verbal communication skills with an ability to influence business leaders in a meaningful and actionable manner.
• Demonstrated expertise in MS Office applications, with advanced skills in Excel, Word and PowerPoint highly recommended.

Preferred Qualifications, Capabilities and Skills

• Professional qualifications like CA, CPA, MBA Finance, CIA is preferred.
• Audit & control testing background / experience.
• Comfortable using Intelligent solutions like Alteryx, Tableau to support testing activities or metrics reporting.
• Ability to innovate, challenge the status quo and identify automation opportunities.

Equal Employment Opportunity Statement

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

About the Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success. Control Management maintains a strong and consistent control environment through a joint accountability model that aligns managers with each function and region to mitigate operational risk. The team focuses on four areas: Control Design & Expertise, Risks & Controls Identification/Assessment, Issues & Control Deficiencies and Control Governance & Reporting.