Job Description

Reference # : 18-01681Title : Risk Assessment Analyst
Location : Sioux Falls, SD
Position Type : Contract
Experience Level : Start Date / End Date : 11/26/2018 / 11/26/2019
Our client, a leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. They provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Seeking a Business Control Specialist who will adequately assess the operating effectiveness of the controls under Quarterly MCA testing. This is critical to the organization as the sole purpose of the testing phase is to assess the operating effectiveness of the monitoring controls and to ensure that they are performing as designed.

Job Description:
MCA testing for supported critical processes are performed by the MCA Testing Analyst.

Specifically, testing key processes and communicating with business owners to drive explicit testing requirements, timelines, and report clear and complete testing results to leadership.
Based on the Annual Risk Assessment, the tests of MCA controls are adjusted dynamically for changes in risk.

The resource would be expected to be included in the meetings/process for the ARA's, ongoing updates to the PRCMs, execution of the quarterly monitoring of the business controls and reporting results.

Manage quarterly execution of MCA monitoring of existing controls for the business (note: the monitoring is defined/approved by the Business in the ARA/PRCM process described above).
This quarterly execution includes retrieving the artifacts for testing, monitoring, analyzing the evidence / producing a narrative, and reporting and storing the final results.
On an ad-hoc basis, lead the documentation and monitoring of (a) enhancements to existing controls and (b) new controls developed by the business.
Attributes: Attention to detail, completeness of work, proficient in Excel and PowerPoint, self-motivated and can work without direction.
Coordinate, schedule, and lead/facilitate meetings to support these objectives as needed.

An Annual Risk Assessment (ARA) is performed with the Business, CBORC, Compliance and In-Business Control on an annual basis.

From this process, the Process, Risks, Controls and Monitoring (PRCMs) are defined.
The business owns the responsibility for managing operational risks and controls within their purview, designing controls that mitigate identified risks, ensuring controls operate effectively, and that control monitoring and assessment activities detect timely significant or systemic weaknesses in the design and/or operation of internal controls, and emerging risks to business objectives and activities.
It is from these PRCMs that the Manager's Control Assessment (MCA) monitoring is executed.


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