Manager | Risk & Control | Bengaluru | Regulatory & Financial Risk

Manager| SRT- RRF| 1st Line of Defense (1LOD) Controls Testing

· Location: Chennai, Bangalore, Pune/Mumbai, Hyderabad

The team

Innovation, transformation and leadership occur in many ways. At Deloitte, our ability to help solve clients’ most complex issues is distinct. We deliver strategy and implementation, from a business and technology view, to help you lead in the markets where you compete. Learn more about our Risk Regulatory & Forensic Practice.

Your work profile

Experience: 4-8 years

Role Overview:

We are looking for a skilled Professionals to support 1st Line (1LOD) Controls testing experience across Markets, Lending, consumer business with a strong understanding of processes across front office, risk, finance etc.

Key Responsibilities:

· Support development and maintenance of Risk & Control Frameworks, including RCMs, process flowcharts, and controls documentation

· Participate in Risk & Control Self-Assessments (RCSA) to identify inherent and residual risks, control gaps, and mitigation plans

· Perform current-state vs target-state controls gap analysis

· Support regulatory change programmes, impact assessments, and remediation tracking

Control Testing & Assurance

· Execute Design Effectiveness Assessments (DEA) and Operational Effectiveness Testing (OET)

· Document test results and work with process owners on remediation and compensating controls

· Support ongoing control monitoring, exception tracking, and trend analysis

Risk Monitoring & Reporting

· Monitor KRIs, control performance trends, and escalate emerging risks

· Prepare risk and control dashboards and reports for leadership and audit stakeholders

· Support internal and external audits and regulatory examinations

Stakeholder & Delivery Management:

· Partner with collections operations, credit risk, compliance, and second-line risk teams Identify opportunities for process improvement, simplification, and automation

· Provide risk awareness guidance and training to business stakeholders Ad Hoc & Strategic Initiatives

· Support policy updates, system implementations, and remediation initiatives

· Contribute to special projects aligned with risk transformation and control enhancement

Required Skills & Experience:

· 4-8 years in Banking Risk and controls assurance

· Understanding of risk management principles and controls framework

· Experience in RCSA, controls testing, KPI/KRI frameworks preferred

· Strong understanding of data controls, lineage, and reconciliations

· Must have hands on experience with data analytics, SQL

Good to Have:

· Hands on Experience for Global US, UK, European banks