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Job Location | Pune |
Education | Not Mentioned |
Salary | Not Disclosed |
Industry | Banking / Financial Services |
Functional Area | General / Operations Management |
EmploymentType | Full-time |
* Duties and Responsibilities - PRINCIPAL ACCOUNTABILITIES (Accountabilities associated with the job) 1. Ability to learn and understand business and compliance processes regulations and internal controls and develop meaningful tests to determine whether controls are operating effectively and as designed. 2. Perform operational deep dives to understand and find gaps in process and compliance-related processes. 3. Develops and administers ongoing exception-based queries to test critical and sensitive transactions to ensure compliance with policies and procedures and identify emerging trends and issues. 4. Monitors and tests control and Risk exception reports. 5. Improve upon existing testing and monitoring capabilities. 6. Communicate testing plans results and next steps concisely and effectively across the organization including ensuring stakeholder buy-in during all stages of the testing process. 7. Identify and assess inherent and residual risks related to control deficiencies. 8. Maintain testing/audit working papers that support testing conducted and results. 9. Summarize results of testing in formal reports to be presented to senior leaders. 10. Manage several projects simultaneously with precision and accuracy. 11. Verifies accuracy and ensures compliance with plans policies and procedures prescribed by management. 12. Delivers review findings to process owners for correction and assists process owners with the development of action plans to address significant process or control gaps. 13. Conducts proactive reviews to target specific and high-risk processes or functions reviews procedures and controls testing. 14. Identify and escalate any potential testing issues / exceptions to appropriate teams and the stream leads. 15. Maintain high quality testing documentation trackers and issue logs ensuring these are kept up-to-date and accurate. 4. MAJOR CHALLENGES (Challenges faced on an on-going basis in carrying out the job) 1. Co-ordination with Risk team to understand product program existing controls and exceptions reports 2. Co-ordination with BIU/IT team to understand the workings of current exception reports. 3. Coordination with other teams for development and implementation of action plans and target dates stemming from control testing. 4. Co-ordination with other Business / function teams to understand their KPI s/Control chart and align the data source and field names. 5. DECISIONS (Key decisions taken by job holder at his/her end) Responsible in understanding of requirement from Risk Users/other business function users and provide conduct testing of control charts/exception reports to generate meaningful reports. 6. INTERACTIONS (Key working relationships a job holder needs to have INSIDE and OUTSIDE the company to accomplish the job) , * SKILLS AND KNOWLEDGE (Minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent) Educational Qualifications a) Qualifications Graduation degree required b) Work Experience 3-5 year s experience in controls, Underwriting , Risk, Compliance, Audit or testing, Operations, Credit Risk Strong communication skills Exceptional collaboration skills Excellent written and verbal communication skills Be able to effectively multitask Highly organized and keen time management skills Project management, Audit and negotiation skills beneficial Proficiency in MS Word, Excel, PowerPoint required Work effectively in a team environment as well as on your own * Duties and Responsibilities - PRINCIPAL ACCOUNTABILITIES (Accountabilities associated with the job) 1. Ability to learn and understand business and compliance processes regulations and internal controls and develop meaningful tests to determine whether controls are operating effectively and as designed. 2. Perform operational deep dives to understand and find gaps in process and compliance-related processes. 3. Develops and administers ongoing exception-based queries to test critical and sensitive transactions to ensure compliance with policies and procedures and identify emerging trends and issues. 4. Monitors and tests control and Risk exception reports. 5. Improve upon existing testing and monitoring capabilities. 6. Communicate testing plans results and next steps concisely and effectively across the organization including ensuring stakeholder buy-in during all stages of the testing process. 7. Identify and assess inherent and residual risks related to control deficiencies. 8. Maintain testing/audit working papers that support testing conducted and results. 9. Summarize results of testing in formal reports to be presented to senior leaders. 10. Manage several projects simultaneously with precision and accuracy. 11. Verifies accuracy and ensures compliance with plans policies and procedures prescribed by management. 12. Delivers review findings to process owners for correction and assists process owners with the development of action plans to address significant process or control gaps. 13. Conducts proactive reviews to target specific and high-risk processes or functions reviews procedures and controls testing. 14. Identify and escalate any potential testing issues / exceptions to appropriate teams and the stream leads. 15. Maintain high quality testing documentation trackers and issue logs ensuring these are kept up-to-date and accurate. 4. MAJOR CHALLENGES (Challenges faced on an on-going basis in carrying out the job) 1. Co-ordination with Risk team to understand product program existing controls and exceptions reports 2. Co-ordination with BIU/IT team to understand the workings of current exception reports. 3. Coordination with other teams for development and implementation of action plans and target dates stemming from control testing. 4. Co-ordination with other Business / function teams to understand their KPI s/Control chart and align the data source and field names. 5. DECISIONS (Key decisions taken by job holder at his/her end) Responsible in understanding of requirement from Risk Users/other business function users and provide conduct testing of control charts/exception reports to generate meaningful reports. 6. INTERACTIONS (Key working relationships a job holder needs to have INSIDE and OUTSIDE the company to accomplish the job) , * SKILLS AND KNOWLEDGE (Minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent) Educational Qualifications a) Qualifications Graduation degree required b) Work Experience 3-5 year s experience in controls, Underwriting , Risk, Compliance, Audit or testing, Operations, Credit Risk Strong communication skills Exceptional collaboration skills Excellent written and verbal communication skills Be able to effectively multitask Highly organized and keen time management skills Project management, Audit and negotiation skills beneficial Proficiency in MS Word, Excel, PowerPoint required Work effectively in a team environment as well as on your own
Keyskills :
strong communication skillscredit riskquality testingtime managementemerging trendswork effectivelymanagement skillsinternal controls