Internal Controls Framework (ICF)

HCLTech is a global technology company, home to more than 220,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of 12 months ending December 2024 totaled $13.8 billion.

Internal Controls Framework (ICF): The IT Department operates circa 80 Internal Controls over Financial Reporting. The role includes monitoring compliance for ICF controls in order to flag controls that are at risk of failing earlier, documenting operating procedures for ICF controls in order to be used as reference documents for the teams and auditors. Testing of control operation in line with the bank’s ICF testing methodology.

Risk Register: Raising issues related to non-compliant controls in the banks Risk Register system, agreeing remediation actions with owners and monitoring progress of remediation.

SWIFT CSP attestation: Assistance in gathering evidence and testing of controls in support the annual SWIFT CSP compliance assessment.

Audit: assisting the external audit process by collecting evidence related to ICF controls in order to reduce duplication on IT teams.

Deliverables

Documentation of ICF control operating procedures.

ICF control monitoring, follow up with control owners in order to ensure timely remediation of any failures.

Completion of control testing to validate compliance in line with the ICF testing methodology

Assist in documenting control deficiency waivers and risk acceptances where required in line with the existing risk acceptance procedures.

Update the IT Risk Register, liaise with issue and action owners in order to ensure timely completion of actions.

Documentation of risk and compliance processes and creation of templates for new processes including guidance.

Liaise with external auditors, tracking evidence requests to ensure timely responses.