Manager Assurance

Job Description: Compliance Assurance Manager Department: Compliance / Risk Management Reports To: Head – Compliance Assurance / Chief Compliance Officer Role Purpose To design, execute, and monitor the Compliance Assurance Framework that mitigates regulatory risks, ensures adherence to applicable laws, and enhances organizational governance. The role involves risk-based assurance testing, process reviews, reporting, and driving closure of compliance gaps through strong stakeholder engagement. Key Responsibilities Compliance Assurance Planning Formulate and execute a compliance assurance plan aligned with organizational risk priorities and regulatory requirements. Develop an assurance framework and implement procedures that provide confidence to senior management on compliance effectiveness. Assurance Testing & Risk Review Conduct risk-based assurance testing across functions to assess compliance with regulatory, statutory, internal, and business process requirements. Carry out monthly assurance checks of organizational-level compliance programs. Correlate business risks with the assurance plan to enhance program effectiveness. Stakeholder Engagement & Reporting Highlight and discuss assurance findings with functional stakeholders, ensuring accountability and ownership of corrective actions. Prepare and present assurance reports to senior management and committees in a timely manner. Follow up on identified issues and validate corrective actions taken by business functions. Process Improvement & Risk Mitigation Collaborate with senior management and business units to drive process simplification and improvements. Proactively identify non-compliance risks, control gaps, and recommend solutions for stronger governance. Provide input to the risk assessment of business functions for their first-line monitoring programs. Policy, Regulation & Market Awareness Interpret internal policies, procedures, and relevant laws/regulations to assess business impact and recommend changes. Scan industry best practices in compliance assurance and evaluate feasibility for adoption. Measures of Success Completion of assurance testing as per the approved plan. Timely closure of identified and agreed issues. High level of process adherence in line with MOUs and compliance standards. Desired Skills & Qualifications Bachelor’s/Master’s degree in Law, Finance, Business Administration, or related field. 8–12 years of experience in compliance assurance, risk management, or internal audit, preferably in financial services. Strong knowledge of regulatory frameworks and compliance requirements. Expertise in risk-based testing and assurance methodologies. Excellent stakeholder management and communication skills. Analytical mindset with ability to identify risks and recommend pragmatic solutions.