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Key Control Tester

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ING

Dec 18, 2024

  • Job
    Full-time
    Junior Level
  • Accounting & Tax
    Banking & Finance
  • Manila
  • Quick Apply

AI generated summary

  • You should have 2+ years in audit, key control testing, risk awareness, MS Office skills, and preferably CIA/CPA certification. Strong communication, project management, and adaptability are essential.
  • You will test key controls, conduct readiness checks, perform process walkthroughs, review control effectiveness, document results, monitor progress, identify improvements, and escalate issues.

Requirements

  • Independently perform key controls testing with minimal supervision which would mean with thorough understanding of risk and controls relationship.
  • Independently navigate through a large and complex organization through resourcefulness, meaningful inquiry, and critical thinking. Experience showcasing project management is an advantage.
  • Work with various application systems and able to spot risks that come with the use of those systems and the controls that should be in place.
  • Continuously generate improvement ideas. Completing white belt projects with related FTE saves is an advantage.
  • Work with basic MS Office applications (Outlook, Word, Excel, Powerpoint) in documenting your work. Experience with advanced tools like power automate or Power BI is an advantage.
  • CIA/CPA certification is an advantage.
  • 2 years of experience in external or internal audit or a similar nature is an advantage.
  • Has performed the cycle of key control testing from understanding the process, conducting walkthroughs, performing testing, documenting results, and concluding evaluation.
  • Good understanding of risk and controls concept.
  • Knowledge and/or experience with SOx, controls related to financial statement close process, financial statements disclosures, end user computing, financial and regulatory reporting, Wholesale or retail banking products, KYC, US withholding tax, FATCA, GPDP, and other bank related processes or standards is an advantage.
  • Good communicator (both verbal and written).
  • Able to thrive in a dynamic and challenging environment.
  • Able to navigate through ambiguity while resisting stress and maintaining composure.
  • Deliver commitments in a timely manner.
  • Comfortable with daily task tracking.
  • Comfortable with doing tasks outside normal job responsibilities (stretch goals).

Responsibilities

  • Performing Key Control Testing from a First Line of Defense perspective in line with the Global Procedure Non-Financial Risk Key Controls Identification, Monitoring and Evaluation and/or SOx Content Binder
  • Performing readiness checks (check on the availability and quality of test plans, irisk details, etc.) with Single Point of Contact (SPOC) for controls to be tested prior to testing execution
  • Understanding the processes and performing walkthroughs of various financial, operational, regulatory, and compliance processes
  • Reviewing the design and operating effectiveness of key controls in a financial or banking setup to comply with minimum standards, policies, procedures, and other regulatory and reporting requirements such as SOx, GDPR, ISAE, etc.
  • Monitoring and providing reports on progress and status of tasks mentioned above to Control Owners and/or SPOC
  • Documenting test results, providing viable recommendations, and articulating risks for identified issues or deviations
  • Coordinating the Key Control Testing process from start until conclusion in accordance with ING policies, ING continuous planning, and circle planning.
  • Spotting improvement areas in the processes (related to testing or Way of Working of the team) you encounter and pushing for your ideas to materialize that would result in process efficiency and additional controls.
  • Overcoming impediments through adequate articulation of the situation and timely escalation

FAQs

What is the main responsibility of a Key Control Tester at Control Hub Manila?

The main responsibility of a Key Control Tester at Control Hub Manila is to perform key controls testing to assess the effectiveness and existence of controls against best practices, regulations, and internal policies, contributing to the bank's risk management practices.

Who does the Key Control Tester report to?

The Key Control Tester reports to both a service delivery lead and circle lead within a KCT Circle.

What qualifications are preferred for this position?

Preferred qualifications include CIA/CPA certification, a minimum of 2 years of experience in external or internal audit, and a good understanding of risk and controls concepts.

What tools are required for documenting work in this role?

Basic knowledge of MS Office applications such as Outlook, Word, Excel, and PowerPoint is required. Experience with advanced tools like Power Automate or Power BI is an advantage.

Is experience with SOx and related regulations important for this role?

Yes, knowledge and/or experience with SOx, on controls related to financial statement processes and other regulatory requirements is considered an advantage for this role.

How does the Key Control Tester interact with stakeholders?

The Key Control Tester interacts with stakeholders from different countries around the globe to coordinate testing activities and communicate findings.

What is expected in terms of performance and evaluation for the Key Control Tester?

The Key Control Tester is expected to independently perform key controls testing, document results, provide recommendations, and articulate risks related to any identified issues.

Are there opportunities for process improvement in this position?

Yes, the Key Control Tester is encouraged to spot improvement areas in testing processes and push for ideas that can lead to increased efficiency and additional controls.

How important is communication for this role?

Good communication skills, both verbal and written, are essential for effectively interacting with stakeholders and reporting on testing progress and results.

How does a Key Control Tester manage their tasks?

A Key Control Tester is expected to be comfortable with daily task tracking and delivering commitments in a timely manner while also being open to performing tasks outside normal job responsibilities.

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ING

Empowering people to stay a step ahead in life and in business.

Finance
Industry
10,001+
Employees
1991
Founded Year

Mission & Purpose

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers.