Job Information
Nuveen Investments Analyst - Internal Control (BCO)-3 in Pune, India
Risk Analyst - Risk & Business Controls Office - IN
Basic knowledge of Risk & Business Controls testing.
Key Responsibilities and Duties
Performing the business controls testing as per TIAA testing methodology
Should be keen to enhance knowledge on control testing methodlogy
Should have continuous learning approach to enhance their skills
Educational Requirements
- Vocational and/or Technical Education Preferred
Work Experience
- 3+ Years Required; 5+ Years Preferred
Physical Requirements
- Physical Requirements: Sedentary Work
Career Level
4IC
Analyst - Controls Testing & Process and Controls Mapping (PCM)
Business Controls Office (BCO): Controls Testing
The BCO Controls testing team provides assurance of both business and IT controls across businesses of TIAA.
Assurance work involves testing of controls for both design and operating effectiveness.
Testing is carried out as per the methodology that conforms to TIAA enterprise risk management framework (ERMF) and industry standards like COSO, COBIT, Service organization controls (SOC).
Business Controls Office (BCO): Process and Controls Mapping (PCM)
Key Responsibilities and Duties
The PCM team perform business process mapping, including identifying the underlying systems/applications that are used to perform the process and controls within the process.
Schedule and drive process mapping conversations with stakeholders independently.
Interview and inspect business processes with respective business owners.
Prepare Microsoft Visio visualizations of the processes mapped.
Collaborate with colleagues and business owners to establish factual accuracy of the processes mapped and the controls underpinning the processes.
Control Testing:
Coordinate and assist with facilitating design meetings with the business areas to document design effectiveness of controls.
Assess design effectiveness and document walkthroughs.
Perform operating effectiveness as per the frequency and nature of the control and complete Operating Effectiveness testing of key controls within established timeline
Maintain work paper documentation and ensure any changes are appropriately reflected as needed.
Responsible for identifying control deficiencies and communicating the deficiency to the Management. Assist with drafting issue documents.
Process and Controls Mapping:
In conjunction with Business Owners, perform business process mapping, including identifying the underlying systems/applications that are used to perform the process and controls within the process.
Once the scope of coverage is finalized by the broader PCM team, schedule and drive process mapping conversations with stakeholders independently.
Interview and inspect business processes with respective business owners.
Prepare Microsoft Visio visualizations of the processes mapped.
Collaborate with colleagues and business owners to establish factual accuracy of the processes mapped and the controls underpinning the processes.
Innovation & automation:
Identify opportunities to automate control testing.
Advice business on controls that have potential to be automated.
Collaborate with other functions and technology teams to bring innovation in control testing, identify efficiency gains and test full populations.
Educational Requirements
University Degree in Finance, Accounting.
Certification in information systems and audit practices like CISSP or ISC2 Certified in Cybersecurity, CISA (ISACA), Institute of Internal Audit, ITIL, ISO27001 etc. would be a plus
Work Experience
Overall 3+ years of work experience in BFSI, Consulting (Retirement solutions, Insurance or Banking is preferable) or similar.
Work experience in Controls testing, Internal audit (Desirable) or Process and Controls Mapping
Experience in directly and independently working with stakeholders across diverse geographies.
Career Level
4IC
Shift timing: 1PM to 10PM IST
Location: Pune
Related Skills
Business Process Improvement, Business Process Understanding, Commercial Acumen, Communication, Compliance, Continuous Improvement Mindset, Detail-Oriented, General Risk Management, Influence, Relationship Management, Risk Mitigation, Risk Monitoring
Company Overview
TIAA Global Capabilities was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA Global Capabilities is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.
Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: accessibility.support@tiaa.org
Privacy Notices
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TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .
For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .
Nondiscrimination & Equal Opportunity Employment
TIAA is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
EEO is the Law (https://assets.phenompeople.com/CareerConnectResources/TIAAGLOBAL/documents/22-088_EEOC_KnowYourRights-1688394514088.pdf)
Pay Transparency
Philadelphia Ban the Box (https://www.phila.gov/media/20210423160847/Fair-Chance-Hiring-law-poster.pdf)