Control Testing

About the Role

As an experienced Consultant at Deloitte Consulting Services, you will be responsible for individually delivering high-quality work products within due timelines. On a need basis, you will mentor and/or direct junior team members and liaise with onsite/offshore teams to understand functional requirements.

Key Responsibilities

• Complete timely and high-quality validation activities.
• Identify issues, validation concerns, and observations.
• Recommend corrective actions.
• Present results of validation reviews.
• Interface with business partners.
• Write reports.
• Plan and complete testing within required timeframes and in accordance with established processes and procedures.
• Apply risk analysis principles to determine scope, including focus, objectives, and rationale.
• Develop testing strategies, including procedures and selection of samples, sample size, and rationale.
• Prepare working papers, ensuring documentation appropriately supports testing conclusions.
• Document process flows and describe major processes within the area being reviewed.
• Analyze the results of testing and review activities.
• Analyze exceptions and make recommendations to enhance internal controls.
• Ensure testing is accurate, complete, and in accordance with standards and protocols.
• Communicate test/review results and issues/concerns to leadership, validating and recommending resolutions to issues.
• Effectively communicate the testing or validation process, status, and results to business and risk partners.
• Write and/or review reports or presentations that clearly articulate the results/conclusions of testing or validation activities.
• Effectively communicate with leadership and escalate validation concerns or issues as appropriate.
• Identify and implement efficiencies and process improvements.
• Complete assigned activities in accordance with established processes and procedures under limited supervision.
• Actively participate in learning & development opportunities to ensure the use of best-in-class processes and procedures.
• Develop clear and concise reporting to be shared with leadership.
• Assist in managing change to ensure an effective risk management program.

The Team

The Regulatory, Risk & Forensic Operate professionals help organizations effectively navigate business risks and opportunities to gain competitive advantage. They apply experience in ongoing business operations and corporate lifecycle events to help clients become stronger and more resilient. The team supports clients by delivering Operate services spanning the Regulatory, Risk & Forensic portfolio, embedding continuous advantage through domain, industry, technology / Gen AI, and transformation skills to perform client business functions that manage risk and deliver value-added outcomes. The team's expertise includes:

• Providing FinCrime Operate solutions to optimize cost, quality, and effectiveness of FinCrime operations, including transaction monitoring, fraud investigations, Know Your Customer, screening, and controls testing, leveraging GenAI, technology platforms, and data analytics.
• Comprehensive Discovery and data analysis support, preservation, collection, processing, hosting, and production using advanced technologies and GenAI.
• Industrialized testing and transformation of regulatory, risk, and compliance processes, driving efficiency with automation, GenAI, and technology.
• Dynamic, cost-effective risk monitoring using expert resources and technology to quickly identify elevated risks and potential noncompliance.

Requirements & Tech Stack

• Proven client-facing experience with strong relationship-building skills.
• Experience in coaching and mentoring junior team members.
• Intermediate Microsoft Office skills.

Qualifications

Must Have Skills/Project Experience/Certifications

• 4 - 7 years of hands-on experience in risk management (includes control testing, issue identification and validation, compliance, financial crimes, operational risk, internal audit, business process management).

Good to Have Skills/Project Experience/Certifications

• Financial services knowledge: compliance, risk management, audit operations.
• Experience in testing procedures; evaluating policies, processes, controls; identifying compliance issues.
• Public accounting experience in audit or SOX advisory/consulting.
• High responsibility, initiative, accountability.
• Excellent communication skills.
• Strong analytical skills, attention to detail.
• Ability to interact across organizational levels.

Education

• B. Com / BBA or similar 3 year graduate course.
• M.Com / MBA or similar post grad course (Tier 2/3 colleges).

Location: Hyderabad, Bangalore, Chennai

Professionals are expected to work from Office all 5 days in a week.

Shift Timings: 11 AM to 8 PM or 2 PM to 11 PM IST as per business requirements.