Join our team at SVB Global Services India LLP hereinafter referred to as First Citizens India– an organization that has built a legacy of strength, stability and long-term thinking that has spanned generations. Our parent company, First Citizens BancShares, Inc. is a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500™.
Situated in the vibrant city of Bengaluru, we play a crucial role in driving the success of our parent company and its subsidiaries.
At First Citizens India, our team brings together diverse backgrounds and rich experiences to deliver excellence across key business functions. Our commitment to innovation and collaboration makes us the preferred partner in navigating the dynamic and fast-growing digital landscape. We believe in diverse, equitable and inclusive working environment because we understand that when all our differences converge, we create a synergy that enhances associate and customer relationships and drives innovation of our products and services.
This is a key role within the banks second line of defense, controls assurance team. The person in this role should have strong risk management expertise, exceptional written and oral communication skills, strong understanding of banking business processes, stakeholder management skills and the ability to manage multiple projects and deadlines at once.
The role will have accountability for performance of the assigned business controls testing process, stakeholder engagement, productivity of team members, seamless service delivery, quality, and effective people management.
The role will primarily involve review and challenge of the first line control testing. This will include reviewing and challenging the Design and Operating effectiveness assessment performed by first line testing and evaluating its adherence to banks Controls Assurance (CA) standards. The review and challenge effort will evaluate if the first line test assessed the controls effectiveness in mitigating the risks it intended to cover.
Further, the role will require to discuss key findings and observations (if any) with the stakeholders and disposition identified gaps as per the CA Oversight procedures and should follow banks Issue Management standards for formally logging tracking issues and remediations.
The person in this role will require to document and maintain their work as per the organization’s standards and procedures.
The person in this role should have a good knowledge of operational and compliance risks in a bank and a broad understanding of the control environment mitigating those risks. This will require broad knowledge of consumer and commercial banking products and services, as well as applicable laws and regulations.
The role requires to interact closely with first line control testing teams, control owners, Business Unit (BU) leaders, First Line Risk Managers (FRM) and other stakeholders in SVB India and/or in US, for their day-to-day work. Strong communication and interpersonal skills are necessary to achieve the required objectives.
Experience in performing controls testing in a bank or large financial institutions is preferred. Exposure to performing review and challenge activities as part of second line risk management will be an added advantage.
Primary Responsibilities:
Assist the CA leadership in planning and scoping of controls to be tested.
Ensure the high quality and efficient delivery of control testing for self and the team
Evaluate the Design effectiveness assessment of first line testing to ensure it covers the key design elements such as comprehensiveness, appropriateness, timeliness, and reliability.
Evaluate the Operating effectiveness assessment of first line testing to ensure compliance to the CA standards. This would include assessing the testing techniques used, sampling methods applied, rationale supporting the evaluation and conclusion.
Document the review in the prescribed “DE and OE Review and Challenge template” and maintain adequate evidence and audit trail for future reference.
Finalize the testing oversight result in discussion with the responsible first line testing teams, CA BU Readiness team, Business Unit (BU) leaders, First Line Risk Managers (FRM) and other stakeholders.
Communicate the finalized results to the relevant stakeholders as per the CA oversight procedures
Assist with status and results reporting to the CA Oversight testing lead.
Assist with ad hoc and special projects as necessary.
Specific Responsibilities
Knowledge and skills
Required Education and Experience
Certifications
Equal Employment Opportunity
SVB Global Services India LLP hereinafter referred to as First Citizens India is an Equal Employment Opportunity Employer. We are committed to fostering an inclusive, equitable and accessible environment and prohibit all forms of discrimination on the basis of gender, religion, caste, disability, sexual orientation, economic status or any other characteristics protected by the law. We strive to foster a safe and respectful environment in which all individuals are treated with respect and dignity. Our EEO policy covers all employment processes such as recruitment, hiring, compensation, benefits, promotions, learning opportunities, and other applicable employment terms for all qualified applicants and employees.
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