Lead - Compliance/Senior Lead - Compliance

Location Name:

Job Purpose

Duties And Responsibilities

Key Responsibilities

•  Build an annual plan for Compliance testing reviews of various products and processes considering regulatory risks and feedback from Senior Management.
•  Develop testing procedures and train the team to carry out such procedures.
•  Determine scope and lead a team to perform compliance testing for various products and processes.
•  Conduct walkthrough, understand the regulatory requirements and BFL processes to meet those requirements, accordingly, develop testing procedures.
•  Discuss the results with Business Heads and provide recommendations as necessary
•  Obtain responses with action plan and timelines.
•  Prepare detailed reports on findings and recommendations.
•  Present the results to Senior Management.
•  Track actionables for appropriate closure.
  

Key Decisions / Dimensions

•  Specific area prioritization during field work in terms of what areas to focus on and what testing approach to be used.
•  Deciding the approach for data analysis; what sample size to take and how to analyse the data.
  

Major Challenges

•  BFL is a fast-paced growing organization with multiple business lines and product families. The business processes are changing at a very fast pace, so it is important to keep oneself updated and in fact, try to think ahead of the business.
•  The compliance requirements are complex and ever evolving hence the need for constant learning and keeping updated of industry developments.
  

Educational Qualifications

Required Qualifications and Experience

•  CA with 8 to 10 years of experience.
•  Strong domain knowledge of RBI requirements related to retail assets, liabilities, payments, etc in BFSI sector is required
  

•  Candidate is expected to have expertise in understanding of regulatory requirements specifically from RBI
•  Candidate is expected to have a strong background of working in Internal Audit or Compliance teams of BFSI
•  Good analytical, communicating skills and reporting skills.
•  Ability to learn and implement at a fast pace.
  

•  Demonstrate leadership, negotiation, communication and audit/ compliance management skills in order to handle CMT team activities and engage with Senior Management.
•  Bring new knowledge on board and keep updated with rapidly changing business environment.