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Compliance Testing

Compliance Testing

ConfidentialMumbai City, Mumbai
3 days ago
Job description

We are looking for a dedicated and detail-oriented Compliance Testing professional to ensure that our Bank adheres to regulatory norms and internal policies. The incumbent will be primarily responsible for conducting comprehensive compliance reviews of the Bank's functions and new products, providing reasonable assurance to Management regarding compliance.

Key Responsibilities :

Review Preparation :

  • Create and regularly update compliance review checklists that align with regulatory guidelines and internal policies.

Field Work Execution :

  • Conduct fieldwork to ensure that compliance reviews are completed within designated timelines.

    • Report Drafting :

  • Prepare draft Compliance Review Reports, discussing findings clearly with relevant stakeholders.

    • Stakeholder Engagement :

  • Obtain responses from stakeholders regarding draft reports and compile final Compliance Review Reports based on their feedback.

    • Documentation Maintenance :

  • Ensure that all compliance reviews are thoroughly documented, with well-organized working papers maintained for reference.
  • Issue Tracking
  • Develop and manage an Open Issue Tracker for Compliance Review Reports issued, ensuring visibility of pending matters.

    • Management Follow-Up :

  • Proactively follow up with management to ensure the timely closure of any open compliance issues identified.

    • Essential Competencies :

    Regulatory Knowledge :

  • In-depth understanding of the regulatory environment for banks in India, particularly concerning RBI regulations.

    • Research Skills :

  • Strong research capabilities and the ability to intelligently interpret regulatory guidelines.

    • Banking Knowledge :

  • Familiarity with various banking functions including Trade, Remittances, Treasury, Loans & Advances, among others.

    • Interpersonal Skills :

  • Excellent interpersonal skills for effective communication and collaboration with stakeholders.

    • Results Orientation :

  • Proven ability to drive results and work effectively within a team-oriented environment.

    • If you possess the skills and knowledge to help us maintain compliance and support our commitment to regulatory standards, we invite you to apply for this position. Join our team and make a significant impact in the banking sector!

    Skills Required

    Bank, Compliance Testing, Reports

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    Testing • Mumbai City, Mumbai