Control Testing /Reporting Lead 1LOD
About The Position
The 1LOD Control Testing/Reporting Lead is a key strategic and integral role for the overall success of the bank. This role is responsible for (i) with the guidance of Manager Control Testing/Reporting, responsible for building sustainable processes with appropriate risk mitigation activities; (ii) consulting risk owners on how to design and implement controls to mitigate the risks in a process; (iii) leading the analysts to perform control testing that evaluate the design and operating effectiveness of CNB's first line key controls; (iv)analyzing, aggregating, and articulating the results/issues/recommendations related to control testing activities; and (v) maintaining a thorough understanding of CNB's Internal Controls Management Policy, control testing methodologies, and related regulatory and compliance standards. This dynamic position provides opportunities for working across CNB, including across the business, 2LOD and internal audit.
Requirements
- Bachelor's Degree or equivalent
- Minimum 5years of experience in controls testing, internal audit, quality control roles, or other complimentary capacities, preferably within the financial services industry, a public accounting firm, or with a financial institutions regulator
- Minimum 3 years of experience in the financial services industry
- Excellent communication and presentations skills
- Excellent analytical and complex problem-solving skills
- Strong time management skills
Nice To Haves
- Preferred Certifications: CPA - Certified Public Accountant, CIA - Certified Internal Auditor, CISA - Certified Information Systems Auditor, and CISSP - Certified Information Systems Security Professional
- Knowledge of FINRA, SEC, MSRB, FRBNY and OCC rules and regulations
- Experience with operating in a highly matrixed environment
- Demonstrated experience supporting risk projects across multiple business lines offering a wide variety of financial services products and services
- Knowledge of the financial services sector, particularly with the competitive dynamics and products in banking and risk management
Responsibilities
- With the guidance of Manager Control Testing/Reporting, responsible for building sustainable processes with appropriate risk mitigation activities
- Consulting risk owners on how to design and implement controls to mitigate the risks in a process
- Responsible for planning, executing, and reviewing Control Assessments (i.e. Testing) that evaluate the design and operating effectiveness of CNB’s first line Key Controls
- Maintain a thorough understanding of CNB's Internal Controls Management Policy and Standards, control testing methodologies, and related regulatory and compliance standards, including but not limited to enterprise risk management, data governance, third party risk management, model risk management, business continuity, fraud risk management, and associated regulations, guidance, and regulatory expectations
- Develop robust and scalable testing modules, scripts, and other guides including testing approach for evaluating the effectiveness of CNB’s first line Key Controls to mitigate key risk exposures related to regulatory requirements and CNB risk policies and standards
- Exhibit high attention to detail in documentation of control evaluation work papers and remediation of reviewer’s commentary
- Exhibit high attention to detail and strategic thinking in analyzing, aggregating, and articulating the results/issues of control testing activities and value-add opportunities for improvement of Key Controls to CNB Senior Management and other stakeholders
- Contribute to the articulation of results/conclusions/memos of control testing activities and communicate to key stakeholders across CNB
- Support development, implementation, and continuous improvement of tools, templates, and best practices that support control testing and reporting activities
- Assist with the validation and closure of control issues as identified through testing
- Maintain solid working relationships with 1LOD, 2LOD and internal audit
- Supports a high-performance environment by fostering an inclusive work environment, helping/elevating peers, and taking ownership of individual developmental goals
- Acts as brand ambassador of the CoE by developing solid working relationships across the organization as to facilitate communication and strategic partnerships
- Contribute to ad-hoc assignments and special projects
Benefits
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
