CAO, Senior Associate

State Street; Bengaluru; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

State Street in Bengaluru, India, seeks a Team Lead for Central Testing within Business Risk Management to evaluate and test internal controls. The role supports the bank’s control environment across global business units and location footprints.

The ideal candidate will have experience in risk management, control assessment, and providing documentation of testing results, with strong English communication and collaboration skills to engage with senior stakeholders.

Qualifications

• 4 to 6 years of relevant experience in risk and control assessment, audit, or testing.
• Experience assessing the design and operating effectiveness of controls to ensure regulatory compliance.
• Strong verbal and written communication skills in English to interact with internal stakeholders at various levels.
• Strong organizational and time management skills with ability to manage multiple tasks under deadlines.
• Self-motivated and adaptable professional prioritizing competing priorities while meeting deadlines and supporting Managers.
• Analytical and critical thinking with enthusiasm for learning and developing skills.
• Proficiency in Microsoft Office suite (Word, Excel, Outlook).

Responsibilities

• Evaluate and test internal controls and apply risk-based assurance to business units globally on behalf of BRM.
• Perform walkthroughs, sampling, testing, and document exceptions with root-cause analysis.
• Present issues to applicable parties and assist in remediation planning.
• Collaborate with stakeholders and the BRM team to improve control environment.

Skills

Risk assessment

Communication skills

Organizational skills

Time management

Analytical thinking

MS Office

Education

Professional qualification in audit

Tools

Microsoft Office

GRC systems

Job description

Business Risk Management – Central Testing – Team Lead

Job Description

The Central Testing team performs evaluation and 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 evaluate and test internal controls and apply risk-based assurance skills to business units globally on behalf of the BRM team.

The ideal candidate has some experience in a Big4 or large/ multinational financial services company performing work in a general risk management or control and process assessment environment (e.g. SOX, SOC, Internal Audit). They will ideally possess a good working knowledge and experience in performing walkthroughs and employing common control testing concepts, such as population identification and sampling, performing and documenting testing, identifying exceptions and the respective root causes as well as presenting issues to applicable parties.

Requirements

• 4 to 6 years of relevant experience in performing risk and control assessment, audit, or testing.
• Experience of assessing the design and operating effectiveness of controls to ensure compliance with relevant regulatory requirements and corporate policy and procedures.
• Good verbal and written communication skills in English to interact and maintain relationships with internal stakeholders including at relatively senior levels independently or with minimum supervision of Managers.
• Strong organizational and time management skills; ability to perform multiple simultaneous tasks independently in a deadline-driven environment as well as to manage own time in order to meet deadlines.
• Self-motivated and adaptable professional with the ability to prioritize competing priorities while meeting deadlines and support Managers in critical or complex controls testing requirements.
• Intellectual curiosity, analytical and critical thinking skills and an enthusiasm for learning and for developing skills.
• Proficiency in Microsoft Office suite (Word, Excel, Outlook).

Beneficial But Not Essential

• Complete or partial professional qualification in an audit or related field (e.g. ACCA, ACA, CIA, CFA etc).
• Some familiarity with common risk and control processes and aspects of securities trading, asset management, custody banking, or fund services.
• Some knowledge and awareness of relevant compliance requirements and fundamental regulations (eg. AML/CFT, legal entity governance, etc).
• Experience with any large GRC systems is useful.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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Job ID: R-794296