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Urgent! Business Risk and Control - Internal Control Testing Job Opening In New York – Now Hiring Innova Solutions
Innova Solutions is immediately hiring for a Business Risk and Control Analyst
Position Type: Full Time
Duration: 12+ months
Location: Hybrid/Remote
As a Business Risk and Control Analyst Engineer you will:
Key Roles and Responsibilities:
Business Risk and Control (BRC) is a 1st line of defense Operational Risk team responsible for identifying, assessing, monitoring, and controlling operational risk for all businesses and legal entities across the organization.
The Business Risk and Control team collaborates with the various business/entities and related support functions to manage operational risk and conducts reporting at the business line/entity level.
Business Risk and Control is responsible for managing and implementing the Internal Control Testing program (ICT), which assesses key controls across the firm for both design and operating effectiveness.
Internal controls serve as a component of the first line of defense in mitigating risks, maintaining the integrity of financial and accounting information, promoting accountability, and preventing fraud.
As such, they are an integral component of day-to-day execution of its business operations.
To align with industry best practices and ensure the firm maintains a robust control environment, they hav developed a first line, risk based Internal Controls Testing (ICT) Program.
As Internal Control Testing Consultant, you will have the opportunity to learn the material processes, operational risks, and key controls across the firm by coordinating control testing for the highest risk processes.
The Internal Control Testing Consultant will work with existing ICT team to complete the scheduled testing and documentation requirements of controls identified in the ICT program and address challenges from the 2LOD ORM team.
The ICT Team is also responsible for validating the banks EUC inventory and monitoring and verifying ongoing conditions identified in the New Product Approval Process.
As Internal Control Testing Consultant, you will assist the ICT team in proactively monitoring and challenging ongoing conditions and assist in the periodic reporting process.
The ideal candidate will have:
Assist the ICT Team in performing risk-based control testing to assess internal controls for design and operating effectiveness
Document testing results, collecting and archiving testing evidence
Perform ICT walkthroughs with business units and corporate functions
Liaise with business units and corporate functions to remediate control gaps/deficiencies
Work collaboratively with the Operational Risk Management team to address any challenges and provide biweekly status updates
Report on testing status to various working groups/committees
Assist in the validation of in-scope EUCs
Prepare reports/presentations for various business lines/entities and regional Risk Committees for ORM, Information Security, TRPM and BCP.
Work with the various business and control functions to report risk metrics (KPI/KRI) for both business line and enterprise reporting
Collaborate and work with stakeholders in coordinating monthly 1LOD Operational Risk reporting which includes data analysis and risk management activities through GRC tool
Assist BRC with ad-hoc projects and initiatives as needed
Monitor and verify ongoing conditions identified in the New Product Approval Process.
Eligible to work in the US
Bachelor’s degree
2 years Operational Risk, BCP, TRPM, or Audit for a Bank/Financial Institution experience preferred
Strong ability to track organize and analyze data
Proficiency in MS Word, Excel, and PowerPoint
Effective interpersonal skills to communicate and work well with various business lines
PAY RANGE AND BENEFITS:
Pay Range*: $63.50hr W2
*Pay range offered to a successful candidate will be based on several factors, including the candidate's education, work experience, work location, specific job duties, certifications, etc.
Benefits: Innova Solutions offers benefits( based on eligibility) that include the following: Medical & pharmacy coverage, Dental/vision insurance, 401(k), Health saving account (HSA) and Flexible spending account (FSA), Life Insurance, Pet Insurance, Short term and Long term Disability, Accident & Critical illness coverage, Pre-paid legal & ID theft protection, Sick time, and other types of paid leaves (as required by law), Employee Assistance Program (EAP).
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Unlock Your Business Risk Potential: Insight & Career Growth Guide
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Great news! Innova Solutions is currently hiring and seeking a Business Risk and Control Internal Control Testing to join their team. Feel free to download the job details.
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An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at Innova Solutions adheres to the cultural norms as outlined by Expertini.
The fundamental ethical values are:The average salary range for a Business Risk and Control Internal Control Testing Jobs United States varies, but the pay scale is rated "Standard" in New York. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for Business Risk and Control Internal Control Testing typically include Financial Specialists and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
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Before the Interview:To prepare for your Business Risk and Control Internal Control Testing interview at Innova Solutions, research the company, understand the job requirements, and practice common interview questions.
Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the Innova Solutions's products or services and be prepared to discuss how you can contribute to their success.
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