A Control Tester is responsible for assessing whether key business, financial, compliance, IT, and operational controls are designed effectively and operating as intended.
The role ensures the bank meets internal policies, regulatory expectations and reduces operational risks. Key Responsibilities
1. Control Testing Execution Perform design effectiveness (DE) and operating effectiveness (OE) testing of internal controls.
Develop detailed test scripts, sampling plans, and walkthroughs. Conduct evidence-based testing for: Financial reporting controls Operational and IT general controls (ITGC) Regulatory compliance controls
2. Documentation & Evidence Review Collect and review evidence such as logs, screenshots, system reports, approvals, workflows, and audit trails.
Document test results in GRC tools (ServiceNow IRM, Archer, MetricStream, etc.). Maintain high-quality workpapers aligned to internal audit standards.
3. Issue Identification & Reporting Identify control gaps, process breakdowns, and residual risks. Rate issues based on severity and regulatory impact. Prepare clear, concise reports for stakeholders such as Risk Owners, Process Owners, and Audit Teams.
4. Stakeholder Management Liaise with 1st line of defense (business + operations) to understand processes. Work with 2nd line of defense (Risk & Compliance) to refine control frameworks. Partner with Internal Audit for alignment on scope and testing methodology.
5. Continuous Monitoring & Improvement Participate in control self-assessment (CSA / RCSA) cycles. Support root-cause analysis and remediation validation. Assist in enhancing control libraries, risk registers, and process maps.
6. Regulatory & Policy Alignment Ensure testing aligns with regulatory requirements - Required Skills & Competencies Technical Skills Understanding of risk and control frameworks (COSO, COBIT). Knowledge of banking / Insurance processes Proficiency in GRC tools: ServiceNow IRM, Archer, MetricStream, Workiva. Behavioral Skills Strong analytical and critical-thinking abilities. Excellent documentation and communication skills. Attention to detail and adherence to testing standards. Qualifications Bachelor’s degree in Finance, Accounting, Business, Commerce, or IT. Preferred certifications: CISA, CA, CPA, IIA, etc
