Manager- Risk Management & Control Testing

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

Job summary

Moody's is seeking a Manager - Risk Management & Control Testing to lead the MR Risk Management Control Assurance program in Bengaluru. The role focuses on building and improving frameworks, conducting tests on 1LOD controls, and coordinating with 2nd line and stakeholders to maintain robust risk governance.

The ideal candidate has 7–10 years in risk or audit, strong analytical and communication skills, and experience applying AI within risk and controls.

Qualifications

• 7–10 years of business experience with at least 5 years in risk, internal operational control testing or internal audit.
• Experience in a highly regulated environment and ability to work self-directed and in a team.
• Strong written and verbal communication skills and experience leveraging AI within controls, risk management, or assurance environments.

Responsibilities

• Establish and continually improve the MR Risk Management Control Assurance Framework including policy, governance, reporting, and control testing activities.
• Perform control testing (design and operating effectiveness) of 1LOD controls per MR framework to mitigate risks.
• Review design and operating effectiveness of 1st line of defense control testing programs.
• Contribute to design of the annual control testing roadmap and track progress against milestones.
• Create control testing work papers, review procedures, and evidence samples for testing.
• Partner with 1st line of defense to share best practices and enhance testing programs.
• Collaborate with 2nd line of defense to ensure efficient and focused testing.

Skills

Risk management

Internal control testing

Internal audit

Regulated environment

Communication skills

AI in controls

Education

Professional risk mgmt certs

Tools

Excel

Power BI

Job description

Let's begin! Manager- Risk Management & Control Testing (15142)

At Moody's, we unite the brightest minds to turn today's risks into tomorrow's opportunities. We do this by striving to create an inclusive environment where everyone feels welcome to be who they are—with the freedom to exchange ideas, think innovatively, and listen to each other and customers in meaningful ways. Moody's is transforming how the world sees risk. As a global leader in ratings and integrated risk assessment, we're advancing AI to move from insight to action - enabling intelligence that not only understands complexity but responds to it. We decode risk to unlock opportunity, helping our clients navigate uncertainty with clarity, speed, and confidence.

Skills and Competencies

• 7-10 years of business experience with at least 5 years in risk, internal operational control testing or internal audit
• Strong technical skills related to risk management and internal control testing/ internal audit
• Has operated in a highly regulated environment and able to work self- directed and as part of a team
• Strong written and verbal communication skills
• Experience in leveraging AI within controls, risk management, or assurance environments
• Hands-on experience leveraging Artificial Intelligence (AI) within controls, risk management, or assurance environments. Experience in excel skills and Power BI

Education

• Relevant professional certifications in risk Management are preferred

Roles and Responsibilities

• The Manager – Risk Management , will support in establishing and continually improving the MR Risk Management Control Assurance Framework including policy, governance, reporting, control testing activities, control testing program assurance, thematic reviews and education and awareness/ training
• Perform control testing (design and Operating effectiveness) of 1LOD controls, ensuring they comply with MR Risk Management & control assurance framework and methodology. Ensure they operate as intended to mitigate the associated risks
• Review design and operating effectiveness of 1st line of defense control testing programs, ensuring they comply with MR Risk Management control testing and respective control assurance methodology and standards
• Provide input into the design of annual control testing roadmap for MR Risk Management Control Assurance team and track progress vs key milestones, ensuring control testing targets are met
• Perform targeted design and operating effectiveness testing of 1st line of defense controls, including creation of control testing work papers, review procedures, obtaining and reviewing samples of operating evidence, assigning design and operating effectiveness ratings
• Partner with the 1st line of defense and operate as a control testing center of excellence in order to share control testing best practice and enhance 1st line testing programs
• Collaborate and communicate with 2nd line of defense stakeholders to ensure 2nd line challenge, supervision and targeted testing is efficient, focused in the correct areas and not duplicative

About our Team

Our Control Assurance Team is responsible for providing independent and reasonable assurance to MR RISK Management and supervisory bodies that key controls are designed appropriately and operating effectively.
These activities are supported by a disciplined assurance framework and reporting structure that enables transparent communication of testing results, consistent articulation of findings, and effective linkage between identified issues and management action plans. By joining our team in Bengaluru, you will have the opportunity to contribute to a dynamic Control Assurance function within Risk Management, partnering with global stakeholders to strengthen governance, risk management, and control effectiveness across the organization.

Moody's is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.
Candidates for Moody's Corporation may be asked to disclose securities holdings pursuant to Moody's Policy for Securities Trading and the requirements of the position. Employment is contingent upon compliance with the Policy, including remediation of positions in those holdings as necessary.