Deloitte announced job vacancy for the post of Analyst – Regulatory, Compliance & Controls Testing & Validation. The place of posting will be at Bangalore, Chennai & Hyderabad. Candidates who have completed Bachelor’s degree in Commerce, Finance, Business, Accounting, Engineering, or Computer Science, or similar 3-year graduate course / M.Com / MBA or similar post-graduate course with 2 – 4 years of experience are eligible to apply. More details about qualifications, job description and roles & responsibilities are as follows
Company Overview
| Name of the Company | Deloitte |
| Required Qualifications | Graduate / Post Graduate |
| Skills | Strong analytical skills with high attention to detail and accuracy |
| Category | Regulatory, Compliance & Controls Testing & Validation |
| Work Type | Onsite |
As an Analyst within the Testing & Validation Utility, you will support delivery of regulatory, compliance, and controls testing and validation outcomes, along with regulatory reporting, across the end-to-end risk management lifecycle — helping execute control and compliance testing, test regulatory reports, support risk and control self-assessments, validate issue remediation activities, and prepare regulatory filings. You will build foundational skills across multiple risk and assurance domains while consistently delivering high-quality, audit-ready work.
Your work will be performed for first-line control owners, second-line risk and compliance functions, and internal audit, following a standard methodology and supported by analytics and GenAI tools. Typical activities include data sourcing and reconciliation, walkthroughs, population validation, sample selection, evidence review, root cause analysis, workpaper documentation, and reporting of results and remediation status.
Job Details
Θ Positions: Analyst – Regulatory, Compliance & Controls Testing & Validation
Θ Job Location: Bangalore, Chennai & Hyderabad
Θ Salary: As per company standards
Θ Job Type: Full Time
Θ Requisition ID: 374117
Roles and Responsibilities:
- Controls Testing
- Perform end-to-end assessments of the design and operating effectiveness of operational and compliance controls — including walkthroughs, process documentation, test strategy, sample design, and population validation — with full traceability from risk through evidence to conclusion.
- Support end-to-end control assessments under supervision, including planning, walkthroughs, design effectiveness assessment, operating effectiveness testing, documentation, and issue follow-up
- Execute sample selection, evidence review, attribute testing, and conclusion drafting in accordance with established methodology and quality standards
- Prepare reviewer-ready workpapers, evidence files, and draft observations with clear rationale; document process flows for assigned reviews
- Maintain testing trackers, issue logs, and status updates; collaborate with control owners and senior team members to obtain evidence
- Build foundational understanding of internal control concepts (manual vs. automated, preventive vs. detective, IPE, SoD, sampling)
- Conformance Testing
- Execute conformance reviews of reports, processes, and controls against published regulatory instructions, internal policies, and procedures; identify variances, perform root cause analysis, and drive remediation.
- Support execution of conformance tests against regulatory reporting instructions (FFIEC, FRB, PRA, FCA, FINRA, SEC) and bank policy/procedure documents for assigned reports and processes
- Trace report values, attribute mappings, and disclosures to underlying instructions, taxonomies, and source documentation; flag deviations from prescribed treatment
- Document conformance test steps, evidence, and exceptions; maintain checklists, Operating Procedures, and Reports under the supervision of senior team members
- Assist with MI creation, status reporting, and tracking of conformance issues and remediation
- Compliance Testing
- Test the design and operating effectiveness of compliance controls across federal and state consumer protection regulations, BSA/AML, OFAC, sanctions, KYC, and fraud, delivering independent assurance outcomes for the business.
- Support execution of compliance testing covering federal and state consumer protection regulations (e.g., UDAAP, RESPA, TILA / Reg Z, Reg B, FCRA, FDPA, SCRA, SAFE Act, FDCPA, Dodd-Frank), as well as BSA/AML, OFAC, sanctions, KYC, and fraud-related testing
- Execute targeted transaction testing per established test scripts; analyze transactional, qualitative, surveillance, onsite, and employee quality review samples
- Document defects and observations during testing; collaborate with Compliance and Operational Risk officers and Front Line Unit (FLU) process owners to validate preliminary results
- Maintain testing timelines, workpapers, and trackers; support QA reviews and rework remediation
- Regulatory Reporting QA & Testing
- Perform in-line Quality Assurance and independent testing of regulatory reports to validate data lineage, conformance with reporting instructions, accuracy, completeness, and the effectiveness of report-level controls.
- Support execution of in-line Quality Assurance (QA) testing across US and global regulatory reports (e.g., FR Y-9C, FR Y-15, FR 2052a, LCR, CCAR, PRA 110), including data profiling, completeness checks, and conformance reviews under supervision
- Perform sample selection, evidence gathering, and trace transactions from source systems to final report line items to validate accuracy, completeness, and conformance with reporting instructions
- Document test steps, source-to-report mapping, exceptions, and conclusions in approved workpaper templates with reviewer-ready quality
- Assist in maintaining the QA test calendar, scoping documents, and intake artifacts; track testing status and update trackers for stakeholders
- Escalate exceptions, data quality issues, and interpretive questions to the team lead in a timely manner
- Risk & Control Self-Assessment (RCSA) and Post-Effectiveness Testing
- Facilitate and execute risk and control self-assessments — identifying inherent risks, evaluating control effectiveness, rating residual risk, and tracking action plans — and perform post-effectiveness testing of key controls, in line with the Operational Risk Management Framework.
- Support RCSA execution under supervision: assist with risk identification workshops, evidence gathering, and documentation of inherent risks, controls, residual risks, and action plans
- Maintain the RCSA library/inventory in the GRC platform (e.g., Archer, ServiceNow IRM, OpenPages); update risk and control records based on agreed changes
- Support post-effectiveness testing of controls identified in the RCSA; document test steps, evidence, and conclusions
- Prepare MI and dashboards summarizing RCSA results and remediation status for stakeholders
- Issue Management & Remediation Validation
- Validate the completeness and accuracy of issue remediation activities, perform root cause analysis, and assure the sustainability of corrective actions for self-identified, audit, and regulatory issues.
- Support issue validation activities under supervision: review remediation artifacts for completeness and accuracy against documented remediation scope
- Analyze documents and supporting artifacts to validate completion of remediation activities for self-identified issues, audit findings, and regulatory issues
- Assist in compiling issue closure packages; document rationale, evidence reference, and validation conclusion in approved templates
- Maintain issue trackers, status logs, and MI; coordinate evidence requests with issue owners and Issue Execution Officers
- Regulatory Reporting
- Alongside testing and validation work, support the preparation, review, and timely submission of financial and non-financial regulatory filings across Banking, Capital Markets, and Investment Management clients — including FFIEC Call Reports, FR Y-series filings, CCAR/DFAST, liquidity and capital reports (LCR, NSFR, FR 2052a), broker-dealer filings (FOCUS, FINRA), and Investment Management reports (Form PF, N-PORT, Form ADV) — with appropriate accuracy, completeness, and audit-ready documentation.
- Support preparation of financial and non-financial regulatory filings across Banking (FFIEC Call Reports 031/041/051, FR Y-9C/9LP, FR Y-14, FR Y-15, FR 2052a), Capital Markets (FOCUS Report, FINRA filings, large trader reporting), and Investment Management (Form PF, N-PORT, N-CEN, Form ADV, CPO-PQR, 1940 Act and Private Funds, liquidity and derivatives reporting) clients, under the guidance of senior team members
- Compile, validate, and reconcile data from source systems for filings to the FRB, OCC, FDIC, SEC, CFTC, FINRA, and other regulators; flag data quality issues, lineage gaps, and timing risks early
- Maintain process documentation, SOPs, checklists, and audit trails for assigned filings; ensure version control and audit-ready evidence
- Coordinate with technology teams on data sourcing, triage, and ad-hoc data requests across recurring and one-off reporting cycles
- Escalate interpretive questions and data anomalies to reviewers in a timely manner; participate in knowledge sharing on regulatory instructions and taxonomy changes
- Root Cause & Thematic Analysis, Testing MI, and KCI/KRI Reporting (across all components)
- Analyze why exceptions occur, surface themes across testing results, and report results and remediation status to control owners, second-line risk and compliance functions, and internal audit.
- Support root cause analysis on test exceptions and control failures by gathering evidence, documenting contributing factors, and escalating observations to reviewers
- Prepare testing MI and dashboards (status, exceptions, remediation) in Excel or Power BI; maintain trackers and keep stakeholders updated on progress
- Support compilation of KCI/KRI data and track remediation status for reporting to control owners, risk and compliance functions, and internal audit
- Analytics-led & GenAI-enabled Testing (across all components)
- Use approved AI / Generative AI (GenAI) tools (Microsoft 365 Copilot, Claude, ChatGPT / Azure OpenAI, Deloitte-approved AI assistants) to accelerate evidence review, document summarization, and routine drafting tasks, in line with firm AI usage policies
- Build basic prompt-writing skills for testing tasks such as drafting walkthrough narratives, summarizing policies, and exception write-ups
- Use Excel (pivots, lookups, conditional formatting) and basic SQL / Power Query / Alteryx Designer to prepare data, run reconciliations, and support sample selection and population analysis for testing
Required Skills & Qualifications:
- Bachelor’s degree in Commerce, Finance, Business, Accounting, Engineering, or Computer Science, or similar 3-year graduate course
- M.Com / MBA or similar post-graduate course (Tier 2/3 colleges) is a plus
- 2-4 years of relevant experience in any of: regulatory reporting QA, conformance testing, controls testing, compliance testing, RCSA, issue management, internal audit, operational risk, or risk management in a BFSI, other regulated-industry, or consulting environment
- Exposure to the end-to-end risk management lifecycle — Transactions, Conformance, Controls, Compliance, RCSA, and Issue Management — with willingness to build depth across multiple components within the Testing & Validation Utility
- Working knowledge of internal control concepts (manual vs. automated, preventive vs. detective, IPE, SoD, sampling fundamentals)
- Awareness of the COSO 2013 framework and the broader regulatory and compliance landscape applicable to the industries we serve, particularly Banking, Financial Services & Insurance (BFSI)
- Advanced Microsoft Excel (pivots, lookups, conditional logic) and working knowledge of Word, PowerPoint, and Outlook
- Working knowledge of, and willingness to use, AI / GenAI tools (Microsoft 365 Copilot, Claude, ChatGPT / Azure OpenAI, or equivalents) for productivity, summarization, and analysis tasks; awareness of responsible AI usage, data privacy, and confidentiality requirements
- Basic SQL, Power Query, or willingness to learn at least one analytical / data-prep tool (Alteryx Designer, KNIME, or equivalent) for sample selection, reconciliations, and exception analysis
- Strong analytical skills with high attention to detail and accuracy
- Strong written and verbal communication skills, with ability to document observations and interact with stakeholders
- Ability to work in a fast-paced environment, manage multiple priorities, and meet deadlines with high-quality standards
Preferred skills:
- Exposure to BFSI products and processes (banking operations, payments, lending, capital markets, insurance, or investment compliance)
- Awareness of SOX Section 404 and ITGC fundamentals
- Exposure to regulatory reporting across Banking (FFIEC Call Reports, FR Y-9C, FR Y-15, FR 2052a, LCR, CCAR, PRA 110, FINREP/COREP), Capital Markets (FOCUS, FINRA filings), or Investment Management (Form PF, N-PORT, Form ADV), and/or consumer compliance regulations (UDAAP, RESPA, TILA, Reg B/Z, FCRA, BSA/AML)
- Exposure to GRC platforms (Archer, ServiceNow GRC / IRM, MetricStream, OpenPages, Workiva)
- Awareness of Continuous Controls Monitoring (CCM) and analytics-driven assurance
- Awareness of Deloitte AI policies and Trustworthy AI; certifications such as Microsoft AI-900 are a plus
- Pursuing or partially completed certifications such as CIA, CISA, CRMA, CFE, FRM, CAMS, or CPA
How to Apply
Apply Link – Click Here
For Regular Updates Join our WhatsApp – Click Here
For Regular Updates Join our Telegram – Click Here
Disclaimer:
The information provided on this page is intended solely for informational purposes for Students, Freshers & Experience candidates. All the recruitment details are sourced directly from the official website and pages of the respective company. Govtjobmart do not guarantee job placement, and the recruitment process will follow the company’s official rules and Human Resource guidelines. Govtjobmart do not charge any fees for sharing job information. Govtjobmart strongly advise Students, Freshers & Experience candidates not to make any payments for any job opportunities.
