ROLE SUMMARY

The role holder is responsible for ensuring that Compliance Testing are conducted in line with Annual Compliance Testing Plan approved by Audit Committee of the Board (ACB).

SECTION III: KEY RESPONSIBILITIES/ ACCOUNTABILITIES

Strategic/ Managerial Responsibilities Designing, delivering, and maintaining best-in-class Compliance practices; Managing a team of Compliance professionals; Preparation and implementation of Compliance Testing Plan.

Core Responsibilities

Preparation of Compliance Testing plan.

Managing the Compliance Testing Team to ensure that the compliance reviews are completed as per the approved Compliance Testing Plan.

Finalization of compliance testing scope, ensuring sample selection in line with policy guidelines

Review of the Compliance Testing observation, Discussion with stakeholders and finalization of compliance testing report 

Ensure proper documentation and working papers are maintained for all the compliance testing conducted.

Interact with the Senior & Top management of the Bank relating to activities pertaining to Compliance Testing 

Ensuring timely closure of open issue, regular follow up with stakeholder and publishing of MIS to Top Management

Preparation of ACB Note on Compliance Testing Report and Compliance Testing Open Points

People Management or Self-Management Responsibilities Need to interact with middle/senior management of Business Unit/ Product Team/ Operation Unit  

Keeps abreast of relevant professional/industry developments, new techniques and current issues through continued education and professional networks.

Risk and Internal Control Responsibilities Ensuring completion of Compliance Testing Plan. 

Ensuring updation of Compliance Risk Register

Nature of Experience Prior experience in a Compliance Testing / Internal Audit witH a Bank/Top NBFCs