Lead Compliance Testing - Compliance Testing - Credit - Retail and Wholesale

Company Overview

(Company information not specified)

Job Summary

The Lead Compliance Testing role is focused on overseeing the compliance testing processes within the organization. The incumbent will ensure that compliance testing is carried out according to the Annual Compliance Testing Plan approved by the Audit Committee of the Board (ACB). This involves managing a team of compliance professionals and interacting with senior management concerning compliance activities.

Responsibilities

• Develop, implement, and maintain best-in-class compliance practices across the organization.
• Prepare and execute the Compliance Testing Plan in alignment with the approved framework.
• Manage the Compliance Testing Team to ensure compliance reviews are completed according to the established plan.
• Finalize compliance testing scope, ensuring sample selection adheres to policy guidelines.
• Review compliance testing observations, discuss findings with stakeholders, and finalize compliance testing reports.
• Ensure all compliance testing documentation and working papers are accurately maintained.
• Interact with senior and top management regarding compliance testing activities.
• Ensure timely closure of open issues, follow up regularly with stakeholders, and publish Management Information System (MIS) reports to top management.
• Prepare ACB notes on compliance testing reports and open points.

Qualifications

• Experience: 10 to 15 years in compliance testing, internal audit, or related field.
• Technical Skills:
  • Compliance testing
  • Internal audit practices
  • Credit process audit
  • Retail and wholesale banking experience
  • Internal controls
  • Credit underwriting expertise
• Education: Relevant degree or certification in finance, business administration, or related fields preferred.

Preferred Skills

• Strong negotiation and stakeholder management skills.
• Ability to stay updated with industry developments, new techniques, and current compliance issues through continued education.
• Leadership skills for effective team management.

Experience

10 to 15 years of relevant experience in compliance testing, internal audit, or risk management within financial services, particularly in credit processes related to retail and wholesale banking.

Environment

(Work environment details not specified)

Salary

(Salary details not specified)

Growth Opportunities

(Career advancement opportunities not specified)

Benefits

(Benefits information not specified)