Senior Control Testing Consultant

EY; Bengaluru; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

EY in India seeks a Senior Consultant to join Risk Consulting - Control Testing for Bangalore/Hyderabad. The role involves third-party risk management, governance, and risk controls testing across trading and operations, with responsibilities spanning stakeholder liaison, regulatory compliance, and audit support.

You will develop risk control matrices, test scripts, and participate in UATs, driving remediation plans and process improvements.

Responsibilities

• Act as a liaison with stakeholders including 2LoD, Group Operations Executives, BRCM, RMM, procurement stakeholders, TPROs, TPEMs, risk domains and internal/external auditors.
• Support governance forums and provide risk insights to senior management.
• Influence stakeholders to drive control enhancements and remediation activities.
• Assess and monitor third-party risk management frameworks and controls.
• Ensure adherence to internal policies, regulatory requirements, and industry best practices.
• Perform control evaluations across onboarding, monitoring, and ongoing oversight processes.
• Support regulatory reviews, audits, and risk assessments related to third-party engagements.
• Drive remediation plans and ensure timely closure of identified control gaps.
• Execute preventive and detective control testing across trading and operational processes.
• Review surveillance controls and alerts to ensure regulatory compliance.
• Conduct root-cause analysis on control failures and coordinate remediation plans.
• Develop and maintain Risk Control Matrices (RCMs), process documentation, and test scripts.
• Execute User Acceptance Testing (UAT) for control enhancements, system implementations, and process changes.
• Support internal and external audit activities.
• Evaluate the effectiveness of risk management and control frameworks.
• Produce management reports highlighting risk themes, trends, and emerging issues.
• Drive process improvements, automation opportunities, and control optimization initiatives.

Job description

The Opportunity

Senior Consultant- Risk Consulting - Control Testing - FS - Bangalore/ Hyderabad

Responsibilities Stakeholder Management & Governance

• Act as a key liaison with a broad spectrum of stakeholders, including:
  • Second Line of Defence (2LoD)
  • Group Operations Executives and Regional Forums
  • Business Risk & Control Management (BRCM)
  • Risk Management Meetings (RMM)
  • Procurement stakeholders
  • Third Party Relationship Owners (TPROs)
  • Third Party Engagement Managers (TPEMs)
  • Risk Domains and Risk Stewards
  • Internal Audit, External Auditors, and Regulatory Authorities
• Support governance forums and provide risk insights to senior management.
• Influence stakeholders to drive control enhancements and remediation activities.

Third Party Risk Management & Regulatory Compliance

• Assess and monitor third-party risk management frameworks and controls.
• Ensure adherence to internal policies, regulatory requirements, and industry best practices.
• Perform control evaluations across onboarding, monitoring, and ongoing oversight processes.
• Support regulatory reviews, audits, and risk assessments related to third-party engagements.
• Drive remediation plans and ensure timely closure of identified control gaps.

Risk & Controls Testing

• Execute preventive and detective control testing across trading and operational processes.
• Review surveillance controls and alerts to ensure compliance with applicable regulatory requirements.
• Conduct root-cause analysis on control failures and coordinate remediation plans.
• Develop and maintain Risk Control Matrices (RCMs), process documentation, and test scripts.
• Execute User Acceptance Testing (UAT) for control enhancements, system implementations, and process changes.

Audit, Assurance & Continuous Improvement

• Support internal and external audit activities.
• Evaluate the effectiveness of risk management and control frameworks.
• Produce management reports highlighting risk themes, trends, and emerging issues.
• Drive process improvements, automation opportunities, and control optimization initiatives.
• Contribute to the enhancement of governance, monitoring, and reporting capabilities.

What We Look For

People with the ability to work in a collaborative manner to provide services across multiple client departments while following the commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions. We look for people who are agile, curious, mindful, and able to sustain positive energy, while being adaptable and creative in their approach.