Overview:

Global Capital Markets (GCM) division of Wilmington Trust provides Trustee and Agency Services to Capital Market bond Issuers, Public Finance, Project Finance transactions, acting as Escrow Agent for Mergers Acquisition transactions and Loan Agency services for Syndicated Loans. In addition, GCM provides complete suite of services of Entity management to Issuers.

Control Monitoring function is part of new initiative to build consistent quality of control testing driven by Business Control Group.

The role is to lead Control Monitoring for GCM across all products and services rendered to clients. The responsibilities include setting up of Control Monitoring framework, infrastructure, staffing and implement roll out and manage the Control Monitoring as Business -As-Usual on an ongoing basis.

Primary Responsibilities:

Interact with internal audit, risk, and Compliance teams to gather inputs to set-up Control Monitoring environment complying with Regulations and GCM Procedures.

Participate in Risk and Control Self-Assessments, identifying key in-scope processes, evaluating and rating the level of risk and effectiveness of controls; Perform test of controls and operating effectiveness to include in Control Monitoring framework.

Build Control Monitoring framework and Methodology to write Control Monitoring Procedure and update it regularly based on changes to business or processes or Regulations.

Identify Controls from various procedures to organize the Inventory of controls for monitoring effectiveness of testing.

Define testing methods based on inquiry, observation, re-performance, and data analysis.

Strong analytical skills to analyze large data using advanced excel or query any database for information using SQL to extract data required for testing

Define cadence of Control Testing frequency, test scenarios and test sample selection to execute tests setting daily /weekly/monthly targets.

Analyze Test outcome for exceptions and initiate escalation to discuss with right owners and remediation

Evidence Control Monitoring results for audit with accurate documentation and maintain summary of results and details for sharing with Product Leaders of GCM and senior management.

Prepare clear and concise reports summarizing the results of Control Monitoring. Include recommendations for remediation or improvement, as necessary.

Plan roll out and change management for implementation of this new initiative across GCM

Work closely with ICS Business Line Risk, Independent Risk Management, GCM Compliance, GCM Legal and Internal Audit teams to address Key Risk Indicators and operational metrics, Control Testing results, Remediation action plan if identified and manage internal and external audits.

Present Control Monitoring results to Risk Forum, Business Managers Metrics meeting and escalate exceptions to GCM Management Committee

Work closely with Technology and Application Product owners for creation of business requirements for automation of Control Testing, setting up of production data sets for testing and Reports creation and distribution.

Function as subject matter expert on Control Monitoring, train and support fresh staff or contract staff members.

Support to hire right talent for Control Monitoring from time to time and manage talent to meet Control Monitoring metrics and daily targets.

Scope of Responsibilities:

The position requires substantial interaction with internal and external contacts to obtain pertinent information and serves as liaison between the department and other business units on various projects.

The jobholder works independently under very limited supervision as well as a member or a project leader of a project team. The position serves as resource for less experienced employees.

Education and Experience Required:

Bachelor’s degree in finance or accounting preferably with audit concentration

Minimum of 8 -10 years of relevant experience in Audit, Control Testing, Monitoring and Quality Assurance roles

Experience of managing Risk Control Assessments, validation of controls efficiency and testing, Control Monitoring with a large bank or Corporate Trust division is required

Strong data analysis skills with ability to use advanced excel functions for data analysis and ability to query any database using SQL is required

Excellent organizational skills required

Ability to multi-task and experience of interacting with all levels of personnel and/or ability to build relationships with management and business partners

Excellent verbal and written communication skills

Sharp eye for details and strong analytical skills to analyze data required

Prior management experience of managing a team is required

Prominent level of proficiency in using Microsoft Office required

MT Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $91,061.75 - $151,769.58 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location:

Wilmington, Delaware, United States of America

MT Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.