Compliance:Compliance Testing Team

Job Title

Manager - Compliance Testing

Objective

The role aims to proactively identify compliance risks, conduct compliance testing and deliver timely, accurate reporting to senior management thereby safeguarding the organization's regulatory standing. The role ensures robust closure verification, sustainable control fixes, prevention of repeat findings

Responsibilities

.Perform compliance testing across banking products and processes in line with RBI, SEBI, IRDAI, and PFRDA guidelines.

.Conduct periodic sustenance checks on previously remediated observations (RAR, RMP and Compliance Testing Observation) to validate continued compliance.

.Contribute to refreshing the testing universe quarterly based on new/updated RBI issuances and evolving risk themes.

.Identify gaps in compliance processes and recommend corrective actions.

.Collaborate with business units to ensure timely closure of observations

.Identify emerging regulatory risks and incorporate them into thematic testing plans.

.Conduct end to end compliance testing.

.Maintain comprehensive documentation and ensure timely escalation of findings.

.Deliver detailed reports with root-cause analysis and actionable recommendations.

.Own the Tranche III testing plan and governance, aligning scope and timelines with RBI expectations.

.Drive enhancements in testing processes through automation, analytics, and best practices.

.Maintain a central tracker of observations, commitments, owners, timelines, and closure status with supporting artifacts

Required Qualifications and Skills

Education:Graduate/Postgraduate in Finance, Commerce, or related field professional certifications (CA, CFA, FRM) preferred.

Experience:

• 5-8 years of experience in compliance, audit, or risk management within banking/financial service
• Strong knowledge of RBI circulars, regulatory frameworks, and banking products (loans, trade finance, treasury, retail liabilities, cards, payments).
• Strong understanding of circulars issued by other regulators such as SEBI, IRDAI and PFRDA.
• Proven track record of managing large-scale compliance testing programs.

Key Attributes:

• Excellent analytical, reporting, and stakeholder management skills.
• Ability to manage complex projects under tight timelines

Reporting Line

Vice President - Compliance Testing Unit