Control Testing (Financial Services background)

ERM Placement Services; Gurugram District, Chennai District, Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

ERM Placement Services in Gurugram is seeking a seasoned professional to drive Monitoring and Testing (MT) strategy across the organization. You will implement the MT1 framework, manage Book of Work forecasting, capacity planning, and ensure timely delivery of monitoring and testing engagements.

You will conduct Control Design Assessments (CDA), perform CDA QC, guide design and automation feasibility, and execute OEM/OET with quality control.

Qualifications

• Experience with control testing methodologies and monitoring frameworks.
• Ability to assess design controls for operational and regulatory risk mitigation.

Responsibilities

• M&T Strategy Implementation & Book of Work Management across FLUs.
• Assist in maintaining FLU structure, BoW forecasting, and capacity planning for timely delivery.
• Track milestones, allocate resources, and identify delivery risks.
• CDA & QC: review key controls for regulatory and compliance risk mitigation.
• M&T Tool Design, Scripting & Automation feasibility; build/test tools and scripts.
• OEM & OET execution and QC across workpapers, evidence sets, and artifacts.
• Exception Management: analyze variances and report findings to stakeholders.
• SME input and continuous improvement of testing workflows and reporting.

Job description

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.

LOCATIONS:

• BANGALORE, CHENNAI, HYDERABAD, PUNE, GURUGRAM, MUMBAI