Like mounted horse, most capably controlled by jockey (10)
I believe the answer is:
bestridden
'like mounted horse' is the definition.
(a past-tense form of bestride)
'most capably controlled by jockey' is the wordplay.
'most capably' becomes 'best'.
'controlled by jockey' becomes 'ridden'.
'best'+'ridden'='BESTRIDDEN'
(Other definitions for bestridden that I've seen before include "As ponies may be" , "defended" .)