Function of the Department
Compliance Department works closely with the business partners to manage the Bank’s regulatory / compliance risk by balancing its objective to maximise returns against an acceptable risk profile.
The compliance department, partners with stakeholders in developing controls and adequate governance framework and also develops a compliance assurance programme as part of independent second line function.
To manage risk effectively and run a successful business we invest in our people and infrastructure.
Job Purpose
To conduct assessment of the compliance risk and to develop a risk-oriented activity plan for compliance assessment. To monitor and periodically test compliance by performing sufficient and representative compliance testing.
Key Accountabilities / Requirements
Driving Compliance Culture and standards
Assess the Compliance Risk within the Bank and arrive at a Compliance Testing Plan.
Conduct Thematic / Spot Reviews as per the ComplianceTesting Plan
Conduct other periodic reviews such as RBS Tranche III Testing,



Surveillance of the Treasury function etc.
Support the department / Bank during regulatory inspections.
Be updated of the latest regulatory developments in the Industry
Drafting policies / procedures related to the Compliance department
Take up related roles such as Compliance Advisory / Regulatory Engagement etc within the Compliance Department whenever required.
Job Duties & Responsibilities
Evaluate various circulars / products / processes across the Bank to assess the compliance risk at the Bank level and at Business Unit /Support Unit level.
Work out a Risk oriented Compliance Testing plan based on the key risk areas identified as part of the risk assessment activity
As part of Thematic Reviews, prepare the scope of the review, conduct walkthroughs with the stakeholders to understand the controls in place to manage regulatory risk and conduct data driven testing.
Arrive at design level issues and op

📌 Assistant Vice President, Compliance Assurance, Legal Compliance Mumbai
🏢 DBS BANK INDIA
📍 Mumbai