Compliance Testing - Mumbai - BKC

Job Description:

Key Responsibilities:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.