01Key Responsibilities
Compliance Testing & Monitoring
Develop and execute the annual compliance testing plan.
Conduct compliance reviews of various banking products, processes, and functions.
Perform sample testing to evaluate adherence to RBI, SEBI, IRDAI, and other regulatory guidelines.
Identify control weaknesses and non-compliance issues.
Risk Identification & Assessment
Evaluate emerging regulatory risks and their impact on bank operations.
Support business units in implementing corrective actions.
Escalate high-risk issues to senior management and Compliance Head.
Regulatory & Policy Adherence
Ensure policies, procedures, and processes comply with statutory and regulatory requirements.
Track changes in laws/regulations and incorporate them into the testing framework.
Reporting & Documentation
Prepare detailed compliance testing reports highlighting findings, root causes, and recommendations.
Follow up with stakeholders to ensure closure of audit/compliance issues.
Present testing outcomes to senior management, Audit Committee, and regulators as required.
Collaboration & Advisory
Work with Risk, Internal Audit, and Operations teams to strengthen the compliance culture.
Provide guidance to business units on compliance controls.
Key Skills & Competencies:
Strong knowledge of banking regulations (RBI, SEBI, FEMA, AML, KYC, etc.)
Understanding of risk management and internal control frameworks.
Analytical and investigative skills for identifying compliance gaps.
Strong report writing and presentation skills.
Attention to detail, objectivity, and ability to work independently. .
