Specialist Business Risk - Controls Testing or Internal Audit

Overview

We are hiring for a full-time Specialist or Senior Analyst position based in Bangalore with hybrid work arrangements. This role is integral to a global investment bank and requires 3 to 12 years of experience spanning risk, controls, and audit functions.

Job Scope

The successful candidate will lead and conduct comprehensive controls testing, risk assessments, and internal audits within banking operations and associated business areas. The role emphasizes evaluating control design and operational efficacy, pinpointing operational risks and weaknesses, and recommending measures to strengthen control frameworks. Collaboration with senior leaders and global teams will be key to support robust governance and risk management efforts.

Core Responsibilities

• Conduct and lead risk-based audit and controls testing projects from planning through reporting and follow-up.
• Evaluate control design adequacy and operational efficiency across processes.
• Identify risks, control deficiencies, and avenues for process improvements.
• Perform comprehensive risk assessments to support annual audit planning.
• Draft precise audit and review reports, communicating findings effectively to leadership.
• Maintain thorough audit documentation including workpapers and evidence.
• Oversee remediation tracking of identified issues.
• Utilize data analytics and visualization tools to enhance audit effectiveness.
• Engage with cross-functional stakeholders in business, risk, and operations functions.

Required Expertise and Skills

• Domain knowledge in banking or investment banking operations.
• Experience in internal audit or operational audit, with specialization in controls testing and operational risk.
• Familiarity with risk-based audit methodologies and control effectiveness assessment.
• Proficient in audit planning, execution, report writing, and stakeholder relationship management.
• Advanced proficiency in Microsoft Excel, data analytics, and Power BI.

Preferred Qualifications and Skills

• In-depth knowledge of capital markets, securities services, asset servicing, trade support, middle office functions, settlements, and reconciliations.
• Experience using Alteryx and knowledge of regulatory risk and control frameworks.
• Professional certifications such as CA, CIA, FRM, or CFA are preferred.

Ideal Candidate Profile

• A minimum of 7 years’ experience in banking, investment banking, audit, risk, or controls roles.
• Proven track record of independently managing audit reviews end-to-end.
• Strong communication skills, report writing capability, and stakeholder engagement experience.
• Proficiency in working collaboratively with global teams and senior management.

Additional Information

The role is based in Bangalore with a hybrid work model for a multinational investment bank. Interested qualified candidates are encouraged to submit their updated resume.