Role & responsibilities

Objective:

- The incumbent would be primarily responsible for conducting Compliance reviews of Banks functions and new products to give reasonable assurance to the Management regarding compliance with regulatory norms.

Responsibilities:

- Preparation of Compliance Review plan to be put up to the Board.
- Preparation and updating of Compliance review checklists in line with the regulatory guidelines/internal policies.
- Managing the Compliance Review team to ensure that the compliance reviews are completed as per the Compliance review plan.
- Undertaking field work and ensuring that the review is completed within the prescribed timelines.
- Preparation of Draft Compliance Review report and discuss the same with the relevant stakeholders.
- Obtain the responses from the stakeholders and preparation of Final Compliance Review Report.




- Ensure proper documentation and working papers are maintained for all the compliance reviews conducted.
- Preparation of Open Issue tracker for Compliance Review Reports issued.
- Follow up with the management towards closure of compliance review open issues.

Preferred candidate profile:

- In depth knowledge of the regulatory environment for the banks in India particularly RBI.
- Good research capabilities and intelligent interpretation of regulatory guidelines.
- Valuable knowledge of all the elements of banking areas like Trade, Treasury, Financial Market, Risk e.t.c.
- Good interpersonal skills.
- Demonstrated ability to drive results and be very effective

📌 Compliance Testing Officer (Mumbai)
🏢 Yes Bank
📍 Mumbai