Compliance:Compliance Testing Team

Job Title

Vice President - Compliance Testing

Objective

Execution of compliance testing to ensure end-to-end adherence to circulars, master directions and guidelines issued by SEBI, IRDAI, and PFRDA. The role spans regulatory mapping, thematic reviews, and sustenance testing to validate control design and operating effectiveness across applicable business units, with structured governance reporting and closure assurance.

Responsibilities

.Maintain complete repository of of applicable SEBI, IRDAI, and PFRDA circulars/guidelines/master directions.

.Refresh the testing universe quarterly based on newly issued or updated circulars and internal risk assessments

.Design risk-based thematic reviews for high-sensitivity areas

.Define clear testing objectives, criteria, sampling strategies and data-driven exception analytics perform end-to-end walkthroughs, etc.

.Establish and enforce standardized testing methodology covering control design evaluation, operating effectiveness testing, sampling, evidence sufficiency, and conclusion grading.

.Maintain audit-ready workpapers.

.Grade findings by severity and regulatory risk.

.Agree remediation plans with accountable owners track milestones to closure perform closure validation.

.Deliver quarterly updates to ACB whenever testing themes or the testing universe are refreshed based on new circulars.

.Leverage rule-based exception scripts, reconciliations, and control dashboards to enhance testing efficiency and coverage

.Collaborate with business units and CARO's to discuss compliance testing observations and track for remedial action.

.Prepare quarterly updates to the Audit Committee of the Board (ACB) on testing outcomes.

.Act as a subject matter expert for compliance testing across above referred regulators.

.Mentor a team of compliance testing professionals, ensuring optimal resource allocation and capability building.

Required Qualifications and Skills

Education: Graduate/Postgraduate in Finance, Banking, or related field.

Experience:

• 10-12+ years in compliance/audit/risk with demonstrable experience in regulatory compliance testing exposure to SEBI/IRDAI/PFRDA-regulated activities

Key Attributes:

• Expertise in testing methodology, control evaluation, sampling, and documentation discipline.
• Analytical mindset with ability to interpret complex regulatory requirements.
• Excellent written communication, stakeholder management, and presentation skills.
• Ability to manage multiple testing streams and deliver under tight timelines with independence and objectivity.

Preferred Certification - CA

Reporting Line

Senior Vice President I - Compliance Testing