Controls Management & Testing Analyst

Job Description Summary

Summary of the Position:

The Controls Management and Testing Analyst is responsible for the identification, assessment, monitoring, reporting, testing, and supporting activities to management of the Bank’s risk and control management programs. The analyst partners with control owners in the first line of defense as they go through the various control management activities required to manage risk throughout the bank’s course of business.

Primary Functions of the Position:

• Conduct ongoing monitoring of control effectiveness by reviewing exception reports and system-generated alerts.
• Monitor compliance with regulatory requirements and internal policies through sample testing and walkthroughs.
• Track and validate remediation of identified control deficiencies to ensure timely and effective resolution.
• Document and communicate findings from periodic control testing and reviews to relevant stakeholders.
• Evaluate changes in business processes to assess potential impacts on existing controls, recommending updates as needed.
• Perform root cause analysis on control failures and provide recommendations for process improvements.
• Assist with periodic Risk and Control Self-Assessments (RCSA) review for each assessment unit.
• Partner with other business support functions to improve control activities across business lines.
• Partner with first-line business unit leaders, providing expertise and assistance with risk management and internal control practices.

EducationandExperienceRequirements:

• Bachelor’s degree in Business, Finance, Accounting, or a related field.
• 3+ years of relevant experience with banking operations, risk, compliance, or legal.
• Experience implementing or maintaining a risk management program or internal control framework is desired.

Essential Skills and Abilities:

• Working knowledge of banking products, services, and systems.
• Strong oral and written communication skills.
• Effective problem-solving and reasoning abilities.
• Able to present and communicate clearly to management and business partners.
• Proficient at tailoring information for the audience’s needs.
• Skilled at using data to spot trends in incidents, issues, and controls.
• Collaborative and able to build positive professional relationships.
• Capable of applying critical thinking to evaluate solutions and perform business analysis.
• Familiarity with assessing control effectiveness and identifying gaps.
• Knowledge of internal control frameworks and operational risk principles.
• Experienced in analyzing business processes to identify risks and controls.

Bachelor’s: Accounting, Bachelor’s: Actuarial Science, Bachelor’s: Applied MathematicsGeneral Experience - 3 to 6 years

Travel

Workstyle

Resident

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave.  Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. We expect our associates at all levels to:

 Grow professionally and inspire others to do the sameWork with and through others to achieve desired outcomes

 Make prompt, pragmatic choices and act with the client in mindTake ownership and hold themselves and others accountable for delivering results that matter

 Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  

When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.