Control Testing ( Virtual Drive )

Tata Consultancy Services; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

A leading consulting firm in Mumbai is seeking a Control Tester responsible for assessing business, financial, compliance, and operational controls. The candidate will perform testing, document results, and liaise with stakeholders to mitigate risks. Applicants should have a Bachelor’s degree in relevant fields, knowledge of risk frameworks, and proficiency in GRC tools. This position offers a chance to contribute significantly to the company’s regulatory compliance and operational efficiency.

Responsibilities

• Perform design effectiveness and operating effectiveness testing of internal controls.
• Conduct evidence-based testing for operational and IT general controls.
• Collect and review evidence such as logs, screenshots, and audit trails.
• Identify control gaps and prepare reports for stakeholders.
• Liaise with business and compliance to refine control frameworks.
• Participate in control self-assessment cycles.
• Ensure testing aligns with regulatory requirements.

Skills

Understanding of risk and control frameworks (COSO, COBIT)

Knowledge of banking / insurance processes

Proficiency in GRC tools: ServiceNow IRM, Archer, MetricStream, Workiva

Strong analytical and critical-thinking abilities

Excellent documentation and communication skills

Attention to detail

Education

Bachelor’s degree in Finance, Accounting, Business, Commerce, or IT

Preferred certifications in risk and control, internal audit, or related fields

Job description

Control Tester

A Control Tester is responsible for assessing whether key business, financial, compliance, IT, and operational controls are designed effectively and operating as intended. The role ensures the bank meets internal policies, regulatory expectations and reduces operational risks.

Key Responsibilities

• Perform design effectiveness (DE) and operating effectiveness (OE) testing of internal controls, develop detailed test scripts, sampling plans, and walkthroughs.
• Conduct evidence‑based testing for operational and IT general controls (ITGC) and regulatory compliance controls.
• Collect and review evidence such as logs, screenshots, system reports, approvals, workflows, and audit trails; document test results in GRC tools (ServiceNow IRM, Archer, MetricStream, etc.) and maintain high‑quality workpapers aligned to internal audit standards.
• Identify control gaps, process breakdowns, and residual risks; rate issues based on severity and regulatory impact; prepare clear, concise reports for stakeholders such as Risk Owners, Process Owners, and Audit Teams.
• Liaise with 1st line of defense (business + operations) and 2nd line (Risk & Compliance) to refine control frameworks; partner with Internal Audit for alignment on scope and testing methodology.
• Participate in control self‑assessment (CSA/RCSA) cycles; support root‑cause analysis and remediation validation; assist in enhancing control libraries, risk registers, and process maps.
• Ensure testing aligns with regulatory requirements and policy framework.

Technical Skills

• Understanding of risk and control frameworks (COSO, COBIT).
• Knowledge of banking / insurance processes.
• Proficiency in GRC tools: ServiceNow IRM, Archer, MetricStream, Workiva.

Behavioral Skills

• Strong analytical and critical‑thinking abilities.
• Excellent documentation and communication skills.
• Attention to detail and adherence to testing standards.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business, Commerce, or IT.
• Preferred certifications in risk and control, internal audit, or related fields.