Compliance testing Official - The Compliance testing team is responsible for testing and evaluating the effectiveness of internal controls, policies, procedures, and processes designed to meet regulatory requirements and/or internal standards.
Extensive knowledge and understanding on KYC guidelines & it's application is must to challenge the existing practices to meet the regulatory requirement
Branch Banking experience is must to conduct the testing of regulations pertaining to branches during the branch visits
Knowledge of various regulatory guidelines / circulars related to Retail liability, branch banking, Customer service, Internal Ombudsman etc require for effective compliance testing.
Key Responsibilities:
Identify gaps/issues resulting in regulatory breaches, if any and provide appropriate recommendation for remediation.
Co-ordinate with process owners (business / support functions) for conducting and completing the testing, placing results with clear focus on the regulatory breaches.
Offer recommendations for appropriateness and adequacy of controls, taking up with Compliance Officers for arranging timely redressal of the regulatory breaches.
Provide a unit wise risk overview on the basis of testing.
