Internal Financial Control - Mumbai, India - Skillventory

Skillventory

Verified Company

Mumbai, India

3 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Internal Financial Control -FRR Role with leading private Bank:

From 2 to 5 year(s) of experience

- ₹ Not Disclosed by Recruiter

Mumbaior

Roles and Responsibilities
Internal Financial Control -FRR Role with leading private bank**About the Role:

*
Being a IFC FRR Team member, performing IFC
FRR assessment for the units allocated which includes Test of Design, Test

- of Effectiveness of controls, identification of new / existing FRR for product / process changes, review of UAT / automation
- implementations for FRR impact; timely highlighting design & effectiveness level issues to the management for corrective

- actions.**Key Responsibilities:

- 1. Perform Process Walkthrough for allocated areas

2. Perform Test of Design (TOD) to check whether designed of the control is adequate to mitigate potential / assessed risk
3. Perform Test of effectiveness (TOE) to ensure that designed controls are operating effectively throughout the audit

- period

4. Identifying root cause and financial impact of audit findings & suggest
5. Reporting of observations to Process Owners, Senior Management & Audit committee
6. Objective is to ensure that there are adequate controls for all potential financial risk
7. Identifying and assessing design for system enhancements, BRDs, UAT, etc related to various systems
8.

All new product & processes to be reviewed from FRR control perspective & design implementationLocation: