Compliance Testing Specialist is responsible for evaluation & monitoring internal controls, policies & procedures to ensure the organization adheres to applicable regulatory and compliance requirements. This role involves conducting Compliance assessments, identifying risks and recommending corrective actions to mitigate potential violations. The role is a part of 2nd line control testing for respective regions such as EMEA, Americas, AEJ, Japan, Powai.

Key responsibilities include:

Compliance Testing & Monitoring:
Conduct periodic risk-based control testing and reviews across various business areas & regions
Evaluate policies, procedures & transactions, reports etc. by employing strong investigative techniques such as in-depth interviewing, inspection, observation and analysis to assess compliance key compliance risks, regulatory requirements, internal Compliance policies and effectiveness of key controls
Identify gaps & recommend corrective actions to improve overall levels of compliance
Reporting & Documentation:
Prepare detailed reports on testing results, findings, and recommendations
Maintain comprehensive documentation of compliance testing activities including approach of testing, evidence gathering etc. to further back the findings & exceptions that get reported
Develop & document recommendations for actions to be taken by business towards mitigation of compliance risks
Present findings to senior management & relevant compliance teams
Track open issues & follow up for closure. This includes preparing appropriate management information
Process Improvement:
Stay updated on relevant laws, regulations & industry standards
Work with stakeholders towards enhancing compliance practices
Collaborate with internal teams to improve control frameworks

Domain / Technical

10 - 12 years of demonstrated experience in a Compliance and / or Control and / or Line of Defence (LoD) function, audit, risk management or related field preferably in the financial services industry
Should have worked extensively on control testing and monitoring
Strong knowledge of the Business Operational Risk Management Framework, Risk & Control Self-Assessment or Compliance Risk Assessment
Proficiency in compliance testing methodologies & tools
Strong communication & report-writing abilities
Excellent analytical and problem-solving skills
Good working knowledge of financial products and services
Ability to work with multiple teams as well as to take independent ownership of assignments as a when required
Minimum education requirement - bachelor s degree preferably in finance & business
Excellent communication and influencing skills, with a good understanding of Compliance and Regulatory requirements
Good understanding of the Investment Banking business and the Financial Services regulatory environment
Proven project management would be an added advantage
Knowledge and understanding of Data Analytics tools and technologies

Interpersonal

Strong interpersonal and administrative skills, mature judgement, and high ethical standards
Pro-active, with a mind set to drive efficiency
Ability to identify issues and knowing when to escalate
Self-starter, with an ability to multi-task
Critical thinking, Conflict Management

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