Control Testing

ERM Placement Services; Pune District, Mumbai, Bengaluru; On-site; INR 900,000 - 1,500,000; Full time

Job summary

ERM Placement Services, Pune, seeks an experienced Monitoring and Testing Analyst (5+ years) to lead end-to-end control monitoring and testing across FLUs, ensuring robust control design and effective operation aligned with COSO/SOX and enterprise policies.

You will design OEM/OET tools, perform CDA reviews, execute tests, review exceptions, and deliver insights to stakeholders, while driving continuous improvement in testing workflows and reporting.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Information Systems, Computer Science, or related field.
• In-depth understanding of control frameworks (COSO, SOX) and testing methodologies (CDA, OEM/OET).
• Strong written and verbal communication skills with the ability to articulate complex control issues clearly to stakeholders.

Responsibilities

• Execute end-to-end Monitoring and Testing across designated FLUs and business functions.
• Design and review Control Design Assessments (CDA) and conduct CDA QC checks.
• Design, script, and maintain OEM/OET tools; assess automation feasibility.
• Execute OEM and OET to verify controls operate effectively over assessment periods.
• Analyze testing variances and communicate findings with actionable recommendations to stakeholders.
• Act as SME on testing methodologies and identify opportunities for in-scope process improvements.

Skills

M&T strategy

BoW management

CDA

OET/OEM

Automation scripting

MDA/TDA

Test execution

Stakeholder communication

SME

Continuous improvement

Education

Bachelor's degree in Finance/Accounting/Business/IS/CS

Job description

Position: Control Testing/ Internal Audit (FS Global)

Experience: 5+ years

Role Description :

The Monitoring and Testing Analyst is responsible for executing end-to-end Control Monitoring and Testing (M&T) activities across assigned Front Line Units (FLUs) and business functions. This role ensures that internal controls are robustly designed, operating effectively, and aligned with enterprise risk management policies, regulatory expectations, and standard testing playbooks. The analyst will conduct Control Design Assessments (CDA), design manual and automated Operating Effectiveness Monitoring/Testing (OEM/OET) tools, perform rigorous test execution, review exceptions, and deliver high-impact insights to key stakeholders.

Key Responsibilities:

• 1) M&T Strategy Implementation & Book of Work Management
  Implement the overarching Monitoring and Testing (MT1) strategy across designated FLUs.
  Assist in maintaining and managing the FLU structure, Book of Work (BoW) forecasting, and capacity planning to ensure complete, high-quality, and timely delivery of all scheduled monitoring and testing engagements.
  Track milestones, manage resource allocations, and proactively identify delivery risks or operational bottlenecks.
• 2) Control Design Assessment (CDA) & Quality Control (QC)
  Conduct detailed reviews and assessments of key business and technology controls to evaluate whether they are appropriately designed to mitigate identified operational, regulatory, and compliance risks in accordance with policies and playbooks.
  Execute CDA Quality Checks (CDA QC) on completed design assessments to ensure consistency, accuracy, and adherence to established quality benchmarks.
• 3) M&T Tool Design, Scripting & Automation Feasibility
  Assess automation feasibility for new and existing monitoring and testing activities.
  Design, build, and maintain manual, semi-automated, and fully automated OEM/OET tools and test scripts.
  Perform Monitoring Design Assessments (MDA) and Testing Design Assessments (TDA) to verify that control testing scripts and monitoring tools are adequately designed to meet predefined testing objectives.
• 4) OEM & OET Execution & Quality Control
  Execute Operating Effectiveness Monitoring (OEM) and Operating Effectiveness Testing (OET) to determine if controls function as intended over a specified assessment period and effectively mitigate risks.
  Conduct thorough OEM/OET Quality Control (QC) reviews across completed testing workpapers, evidence sets, and execution artifacts
• 5) Exception Management & Stakeholder Communication
  Analyze testing variances, exceptions, and control breakdowns in collaboration with senior testing Subject Matter Experts (SMEs).
  Review automated monitoring alerts, anomalous patterns, and systemic exceptions.
  Formulate clear, evidence-based findings and communicate test results, issues, and corrective action recommendations to business stakeholders and coverage teams
• 6)Subject Matter Expertise & Continuous Improvement
  Serve as a Subject Matter Expert (SME) on control testing methodologies, sampling approaches, and domain-specific regulatory frameworks.
  Identify continuous improvement opportunities in testing workflows, scripting standards, and reporting mechanisms.

Required Qualifications:

• Education (minimum): Bachelors degree in Finance, Accounting, Business Administration, Information Systems, Computer Science, or related field (or equivalent practical experience).
• Methodology Knowledge: In-depth understanding of control frameworks (e.g., COSO, SOX, operational risk controls), Control Design Assessments (CDA), and Operating Effectiveness Testing (OET/OEM).
• Communication Skills: Strong written and verbal communication skills with the ability to articulate complex control issues clearly to stakeholders and coverage teams.