Conformance/Control Testing - SOX Audits & FRM - Credit Risk

Position in Conformance testing in Noida

Key Accountabilities & approximate time split (%)

Control Testing - Credit Risk 90%

- Ensure that an effective control testing framework is implemented.

- Lead and manage a risk based approach to control activity, which will involve the design and implementation of a robust schedule of control testing (RCA,, key controls and business level controls).

- Provide expert consultation advice to Global retail credit risk community on RCA.

- Drive consistency across control environments globally

- Manage SOX control testing for Credit Risk and work with Group SOX team and control owners to ensure timely completion of SOX deliverables

- Provide CRO with input to control environment attestations (GKRO attestations, KRAs, BUCOs)

- Ensure that work completed draws appropriate conclusions that are properly reflected in recommendations and reports. Work closely with Chief Risk Officer (CRO) Teams to ensure implementation of necessary actions to rectify issues identified.

- Develop and maintain robust management information to monitor control testing outcomes and identify any material weaknesses.

- To identify corrective actions which are viable and achievable and remediate root cause or issues

- To present recommendations for corrective action, to the CRO (or delegate) ensuring appropriate plans are in place to implement within an agreed timescale.

- Apply expert judgment to control testing output to drive policy/strategy change

- Demonstrate resilience when challenged by senior stakeholders, ensuring the materiality of issues remain in focus.

Audit Support - Credit Risk 10%

- Work with Credit Risk teams to provide support for any internal and external audit activities including but not limited to pre-audit preparation,

- Through the proactive management of Control framework, ensure that the Credit Risk teams are - audit-ready- at all times.

Person Specification

(Personal attributes essential to performing role: e.g. skills, competencies, expertise, knowledge, experience. Note: experience not to be time-bound) Skills required to undertake the role:

- Risk Management

- Practical and pragmatic approach

- Excellent negotiation and influencing

- Decisive

- Relationship Management

- Business Management

- Strong internal networking

- Communication (written and oral)

- Stakeholder management

Critical Competencies:

- Communication/Influence

- Planning & Organisation

- Drive for Results

- Service Excellence

- Technical Skills & Knowledge

- Attention to Detail

Knowledge and Expertise

Essential

- In-depth understanding of end to end Credit Risk lifecycle across all retail/card products

- Detailed knowledge of Retail Credit Risk Control Framework, together with relevant Policies and standards.

- Proven experience of implementing, testing against risk and controls frameworks and testing methodologies.

- A sound understanding of conformance processes controls & checks.

- Knowledge and understanding of all relevant legislation.

- The role holder must have had previous experience in a Risk related role.

Experience, qualifications and other requirements specific to the role

- Previous experience of managing part of the risk lifecycle and/or risk discipline would be advantageous.

- Previous experience of quality control, compliance, conformance, operational risk or audit function would be advantageous.

- Regulatory developments

- Compliance with new Industry Credit Risk Policies

Essential Competencies

You must be able to demonstrate that you live the values and behaviours:

- Respect - Respect and value those you work with and the contribution they make.

- Integrity - Act fairly, ethically and openly in everything you do.

- Service - Put clients and customers at the centre of everything you do.

- Excellence - Use your energy, skills and resources to deliver the best sustainable results.

- Stewardship - Be passionate about leaving things better than you found them.