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Apply Now : Compliance Testing Manager

Apply Now : Compliance Testing Manager

Saraswat BankMumbai, Maharashtra, India
12 hours ago
Job description

Job Title : Compliance Testing Manager

Department : Compliance

Location : Mumbai

Reporting To : Senior Compliance Manager

Positions : 1

Job Purpose :

To ensure the bank's operations, products, and services comply with applicable regulatory requirements through structured compliance testing. The role involves planning, executing, and reporting on compliance testing activities, identifying gaps, and recommending corrective actions.

Key Responsibilities :

Compliance Testing Execution :

  • Develop and implement the annual compliance testing plan.
  • Conduct compliance reviews across business units, branches, and new products.
  • Perform control testing to assess adherence to regulatory and internal standards.

Reporting & Documentation :

  • Draft detailed testing reports with observations and management responses.
  • Maintain MIS and dashboards for open issues, aging, and resolution timelines.
  • Present findings to senior management and compliance committees.
  • Stakeholder Engagement :

  • Collaborate with business units to ensure timely closure of compliance gaps.
  • Guide teams on remediation plans and monitor progress.
  • Regulatory Monitoring :

  • Stay updated on regulatory changes and assess their impact on testing scope.
  • Support in updating testing methodologies and frameworks accordingly.
  • Team Collaboration :

  • Work closely with various teams.
  • Mentor junior compliance staff and support cross-functional initiatives.
  • Qualifications & Experience :

  • Bachelor’s degree in Finance, Business Administration, or related field.
  • 5–8 years of experience in compliance testing, auditing, or risk management within the banking sector.
  • Strong understanding of RBI guidelines, AML / KYC norms, and other banking regulations.
  • Professional certifications like CCEP, CRCM, or ICA (preferred).
  • Skills Required :

  • Regulatory knowledge and interpretation
  • Risk-based testing methodology
  • Analytical and problem-solving skills
  • Strong communication and report writing
  • Stakeholder management
  • Attention to detail and organizational skills
  • Preferred Attributes :

  • Experience in IT / ISG compliance testing is a plus.
  • Ability to work independently and manage multiple testing engagements.
  • Proactive approach to identifying and mitigating compliance risks.
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