: Processes, Controls & Governance (Big4)

Position: Consultant to Senior Manager – Processes, Controls & Governance

Experience: As per the applicable designation and hiring requirements

Preferred Industries: Banking, NBFCs, and Fintech

Preferred Background: Big 4 / Big 6 consulting firms or internal controls teams within banks and NBFCs

Role Overview

We are looking for experienced professionals in Processes, Controls & Governance to lead and execute engagements involving Internal Financial Controls (IFC), Internal Controls over Financial Reporting (IFCoFR), Sarbanes-Oxley (SOX) compliance, and risk and control transformation.

The role involves working with clients in the banking, NBFC, and fintech sectors to assess control environments, identify risks and control gaps, implement effective control frameworks, and strengthen governance and compliance practices.

The ideal candidate should possess strong technical knowledge of SOX, COSO, IFC, and IFCoFR frameworks, along with experience in engagement management, client relationship management, team leadership, and preparation of technical reports and proposals.

Key Responsibilities

1. Internal Controls & SOX Advisory

- Lead engagements involving the design, implementation, assessment, testing, and optimization of internal control frameworks.
- Evaluate existing control environments to identify gaps, inefficiencies, and areas of non-compliance.
- Develop and review Risk and Control Matrices (RCMs), process narratives, flowcharts, and control documentation.
- Conduct process walkthroughs to understand business processes, identify key risks, and evaluate the adequacy of controls.
- Assess the design and operating effectiveness of controls through Test of Design (ToD) and Test of Operating Effectiveness (ToE).
- Support clients in implementing SOX compliance frameworks, particularly controls over financial reporting.
- Recommend improvements to strengthen control effectiveness and reduce operational and financial reporting risks.

2. Controls Testing, Remediation & Transformation

- Plan and execute controls testing across financial, operational, and technology-enabled business processes.
- Identify control deficiencies, assess their potential impact, determine root causes, and recommend corrective actions.
- Support clients in remediation of control deficiencies and monitor the implementation of agreed action plans.




- Refresh existing control frameworks in response to changes in business processes, systems, regulations, and risk environments.
- Drive control transformation and optimization initiatives, including standardization of controls, elimination of redundant activities, and improvement of control efficiency.
- Assist clients during internal and external audits by coordinating evidence, responding to queries, and tracking open observations.

3. Banking, NBFC & Fintech Sector Exposure

- Lead risk and control assessments across relevant financial services processes.
- Evaluate controls relating to lending, loan disbursement, collections, financial reporting, reconciliations, payments, and other applicable business cycles.
- Assess controls over transaction processing, system access, approvals, data integrity, and financial reporting, depending on the engagement scope.
- Understand sector-specific regulatory requirements and incorporate relevant compliance considerations into control assessments.
- Apply industry practices to identify control weaknesses and recommend practical, risk-based solutions.

4. Governance Frameworks & Technical Standards

- Apply the COSO Internal Control Framework and relevant SOX requirements to control assessments and implementation engagements.
- Demonstrate strong knowledge of IFC and IFCoFR requirements and their application to financial reporting.
- Interpret relevant technical guidance, regulatory developments, and industry practices relating to internal controls and governance.
- Ensure engagement methodologies and deliverables comply with applicable professional standards and client requirements.
- Maintain appropriate documentation to support control conclusions, testing results, and remediation recommendations.

5. Engagement & Team Management

- Manage multiple client engagements, ensuring timely delivery and adherence to defined quality standards.
- Manager should lead and supervise a team of approximately 4–6 professionals, including work allocation, guidance, review, and performance monitoring.
- Review RCMs,



testing workpapers, evidence, observations, and final reports prepared by team members.
- Monitor engagement progress, identify delivery risks, and communicate status updates to stakeholders.
- Coordinate with client process owners, finance teams, risk teams, compliance teams, and senior management.
- Ensure that deliverables are accurate, evidence-based, and aligned with engagement objectives.

6. Client Deliverables & Business Development

- Prepare and review detailed assessment reports, control testing reports, gap assessment reports, and remediation trackers.
- Develop proposals, presentations, service flyers, and other business development materials.
- Support preparation of engagement scope, methodology, timelines, resource plans, and commercial proposals.
- Present audit and control findings to clients and communicate recommendations in a transparent, actionable manner.
- Contribute to the development of internal methodologies, knowledge materials, and best-practice documentation.

Required Skills & Qualifications

- Chartered Accountant (CA) qualification, if specified for the position.
- Relevant experience leading internal controls, SOX advisory, implementation, testing, refresh, transformation, or optimization engagements.
- At least three years of relevant sector exposure in banks, NBFCs, or fintech companies, subject to confirmation of the precise experience requirement.
- Strong knowledge of IFC, IFCoFR, SOX, COSO, risk assessment, and internal control testing methodologies.
- Hands-on experience with process walkthroughs, RCM preparation, ToD/ToE testing, deficiency assessment, and remediation.
- Experience managing teams of approximately 4–6 members.
- Strong report-writing, analytical, presentation, and stakeholder management skills.
- Ability to manage multiple assignments and deliver high-quality work within agreed timelines.

Preferred Experience

- Previous experience with Big 4 / Big 6 professional services or consulting firms.
- Consultant - 1-2 years, AM - 3+ years, Manager - 5+, Sr. Manager - 8+
- Alternatively, relevant internal controls, SOX, risk, or governance experience within banks and NBFCs.
- Experience preparing proposals, detailed client reports, presentations, and technical documentation.
- Exposure to control transformation, process improvement, and governance enhancement initiatives.

📌 Process Control Manager (Mumbai)
🏢 Talentvisorr
📍 Mumbai