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 recent 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.
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Contribute to compliance risk assessment and annual compliance plan.
Support training and awareness programs for business units on compliance
observations.