Assistant Manager

Internal Controls Testing & Regulatory Monitoring

Job Overview

We are seeking a detail-oriented and regulatory-driven professional for the role of Manager - Internal Controls Testing & Regulatory Monitoring. The role involves evaluating and strengthening internal control frameworks in alignment with SEBI, AMFI, and NPCI regulatory requirements, ensuring compliance across systems, operations, and governance practices.

The candidate will be responsible for interpreting regulatory updates, designing control frameworks, preparing compliance checklists, conducting control testing, identifying gaps, and driving remediation tracking across Business, IT, Operations, Risk, and Compliance teams.

Key Responsibilities

Regulatory Review & Control Framework Design

• Review, interpret, and analyze circulars issued by SEBI, AMFI, NPCI, and other regulatory bodies.
• Prepare structured regulatory summaries highlighting applicability and control requirements.
• Develop detailed control testing checklists aligned with regulatory expectations.
• Map regulatory obligations to existing systems, processes, and controls.
• Identify control gaps and potential risk areas within operational and technology environments.

Internal Controls Testing

Execute end-to-end control testing across:

• IT Systems (application controls, interfaces, data integrity, system validations)
• Operations (transaction processing, reconciliations, exception handling)
• Compliance Processes (regulatory adherence, reporting accuracy, monitoring controls)

Responsibilities include:

• Conducting control effectiveness assessments.
• Documenting testing methodology, observations, risks, and recommendations.
• Evaluating design and operating effectiveness of controls.

Issue Identification & Remediation Management

• Identify control deficiencies, compliance gaps, and process weaknesses.
• Categorize findings into:
• IT/System-related gaps
• Operational deficiencies
• Compliance and regulatory gaps
• Partner with stakeholders to define corrective and preventive action plans.
• Track remediation activities, ownership, timelines, and closure status.

Executive Reporting & Stakeholder Management

• Prepare Executive Summary reports and Management Dashboards.
• Present key findings, compliance status, system gaps, and remediation progress to senior management.
• Coordinate with Technology, Operations, Compliance, Risk, Audit, and Business teams.
• Support internal audits, regulatory reviews, and external audit requirements.

Eligibility

Educational Qualification

• Chartered Accountant (CA) Fresher or Qualified CA
• Candidates with experience in Internal Audit, Risk Management, Compliance, Internal Controls, or Controls Testing are preferred.