Job Description:

Location: Mumbai, India

Department: Compliance

Reports To: Senior Vice President – Compliance Assurance

Role Purpose

To lead and execute a robust compliance assurance program across business units, ensuring adherence to regulatory requirements and internal policies / processes. The role involves testing of regulatory obligations, reporting and tracking, to strengthen the compliance framework and mitigate regulatory risks.

Key Responsibilities

• Execute and ensure timely delivery of Compliance Reviews, including Branch Reviews as per the review plan approved by ACB aligned with RBI and other regulatory guidelines.
• Conduct RBS Tranche III Testing as per RBI’s Risk-Based Supervision guidelines.
• Create new system rules for automating testing of regulatory obligations on a continuous basis and analyse the exceptions.
• Integrate data analytics and automation tools for enhanced testing efficiency.
• Carry out detailed reviews of processes, products, and systems to identify gaps and recommend corrective actions.
• Perform sample checks, walkthroughs of processes, products and systems and control validations.
• Prepare Compliance Review Reports highlighting observations, root causes, and remediation plans.
• Present findings to Senior management and Audit Committee.
• Maintain centralized repository of testing results for regulatory and internal audits.

Regulatory Alignment

• Stay updated on regulatory changes and incorporate them into testing programs.
• Liaise with regulators during inspections and audits, ensuring timely and accurate responses.

Stakeholder Management

• Collaborate with business, operations, risk, internal audit and technology teams
• Provide advisory support on compliance matters and emerging risks.

Additional Strategic Responsibilities

• Drive continuous improvement through automation, AI-driven analytics.
• Contribute to compliance risk assessment and annual compliance plan.
• Support training and awareness programs for business units on compliance observations.

Qualifications & Experience

• Chartered Accountant / MBA / LLB or equivalent professional qualification.
• 6 – 8 years of experience in compliance, internal audit, or risk management within banking or financial services.
• Strong knowledge of RBI guidelines and other regulations.

Skills & Competencies

• Strong analytical and problem-solving skills.
• Excellent communication and stakeholder management.
• Ability to work under pressure and manage multiple priorities.
• Proficiency in MS Office, compliance tools, and data analytics platforms.
• Familiarity with RegTech solutions and automation tools for compliance testing.