Compliance Testing - AM / Manager - Mumbai

Job Description

JD : Testing Framework • Lead and prepare annual compliance testing plan for senior management • Review and Track monthly & quarterly plans/scope and update senior compliance leadership on progress • Provide detailed report to Compliance senior management on a regular basis of the review conducted in a month and critical gaps identified during the review along with status - Regulatory Compliance • Review the testing checklists required for the review for each regulated business • Review loan book, regulatory returns and other information submitted to RBI / NHB • Develop solutions to address specific challenges faced by the business units in regulatory compliance matters including impact assessments - Business, Policies & Processes • Develop a comprehensive understanding of Companys business, systems, Policies and processes. • Acquire in-depth process understanding for planned audits, including processes, systems involved, data flow, and datasets. • Formulate queries, lead process walkthroughs with key business stakeholders and document the outcome with thorough identification of risks and controls. • Drives and understand root cause of the observations and ensure implantation of corrective actions. • Co-ordinate/Collaborate with various verticals such as Compliance, Credit, CX, Ops, Product and tech teams for ensuring overall compliance framework - Systems/Journeys • Assess the loan journeys, internal tech journeys and developments to ensure adherence to regulatory guidelines and internal policies/processes - Identification, Reporting and Mitigation of Compliance Risks • Carry out Annual Compliance Risk assessment and mitigation actions • Advise the Compliance leadership in providing updates to senior management on the critical compliance issues for immediate attention and escalations - Regulatory Inspections/Audits • Provide constant support during regulatory inspections • To act as a bridge between Internal Audit/Regulators and Business to follow up on IA recommended action closures by business units