Client - Major Financial Firm
Role - Risk Assessment Analyst
Rate - $59.25 on W2 after 40 hours (OT = $88.88)
Duration - One Year (plus possible extension)
Location - Sioux Falls, SDJob 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 purpose of the testing phase is to assess the operating effectiveness of the monitoring controls to ensure that they are performing as designed. Overall, the MCA analyst will adequately assess the operating effectiveness of the controls under Quarterly MCA testing.
Attributes: Attention to detail, completeness of work, proficient in Excel and PowerPoint, self-motivated and can work without direction.
Job Responsibilities/Description:
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. The resource would:
• 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
• Coordinate, schedule, and lead/facilitate meetings to support these objectives as needed
Background:
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. •
Last updated on Nov 7, 2018