Job Description

Role/ Job Title:

Lead - Compliance Testing



Function/ Department:

Compliance



Job Purpose:

'The lead role for compliance testing involves overseeing and executing compliance testing plan to ensure adherence to regulatory standards and internal policies. Responsibilities typically include designing testing strategies, conducting reviews, analyzing data, preparing reports, continuous engagement with stakeholders to ensure suitable corrective action. Strong knowledge of banking regulations, good communication skills, and the ability to manage a team are key attributes required necessary for this role.



Roles & Responsibilities:

Manage and supervise the team members in their day-to-day activities.



Preparation of Annual Compliance Testing Plan



Carry out Compliance Testing for underlying functions as per the Annual Compliance Testing Plan



Carry out a review for new products launched by the Bank on completion of 6 months of launch.



Carry out the testing of assigned branches.



Prepare draft observations and discuss with the concerned stakeholders and obtain Management Responses



Work with relevant stakeholders to ensure timely closure of actions.



Maintaining MIS of open observations tracker along with ageing and due dates



Support in preparation of MIS for presentation in various Committees



To ensure that the team is adhering to the plan and scope coverage is adequate.



To review the observations raised by the team and work with stakeholders on devising an action plan.



Engaging with the team closely and guiding them to deliver them effectively.



Managerial & Leadership Responsibilities



Manage, coach, and supervise the team members in their day-to-day activities.



To ensure that the team is adhering to the plan and scope coverage is adequate.



Education Qualification:

Graduation: Bachelor's in engineering / Technology / Maths / Commerce / Arts / Science / Biology / Business / Computers / Engineering / Management



Post-graduation: Chartered Accountant or Management degree in Finance is preferable.



Experience:

10 - 18 years of relevant experience