ICICI Bank - Manager - Compliance Testing

About the Role :

At ICICI Bank, we believe in serving our customers beyond our role definition, product boundaries, and domain limitations through our philosophy of customer 360-degree. In essence, this captures our belief in serving the entire banking needs of our customers as One Bank, One Team. To achieve this, employees at ICICI Bank are expected to be role and location-fungible with the understanding that Banking is an essential service. The role descriptions give you an overview of the responsibilities; it is only directional and guiding in nature.

Manager - Compliance Testing :

As a Manager in Compliance Testing, the role would involve conducting various RBS Tranche III reviews assigned by RBI, thematic reviews based on the risk-based testing plan, reviews mandated by the regulator and Branch testing by performing sufficient and representative compliance testing in a time bound manner and reporting outcome to the Compliance Committee/the Audit Committee.

Key Responsibilities :

- Carry out Compliance Risk assessment and Compliance Testing as per the approved annual risk-based testing plan

- Identification, management, monitoring and reporting of Compliance Risk. Computation and analysis of Compliance Risk score and preparation of dashboards for management/Board level Committees

- Perform detailed, sufficient and representative compliance testing of business activities, controls and transactions to identify potential compliance risk. (Testing under RBS Tranche III and timely submission of the same to RBI and Thematic reviews of guidelines prescribed by RBI)

- Reporting compliance testing results, key findings to various Committees along with recommendations for management

- Maintain comprehensive documentation of testing procedure, observations and ensuring timely implementation of corrective actions and examine sustenance of such actions

- Extraction of data from various banking system through basic query writing. Analysis and interpretation of huge data set through tools such as advanced excel and/or python

- Assisting in automation of compliance projects and preparation of compliance monitoring related dashboards and reporting

Accountability :

The official would be accountable for identification, assessing, monitoring, reporting of compliance risk and sustainable closure of the same in a timebound manner.

Key Qualifications & Skills :

- Education Qualification: CA / CS / CFA/ Full time MBA from Tier 1 to 2 Institutes / IT Engineer or any other professional qualification (Combination of IT Engineering with MBA)

- Understanding and functional knowledge of various Banking products and services

- Strong understanding of applicable RBI guidelines, laws, regulations and industry standards, compliance frameworks, risk assessment methodologies, and internal controls

- Functional knowledge of various RBI guidelines related to Credit, Liquidity, Market Risk, Asset Liability Management, Treasury, Investment, Capital Adequacy, Cyber Security, Information Technology, Digital Payments, FEMA, Asset and Liabilities, Prudential guidelines, Operational Risk, Customer Service etc.

- Excellent analytical and problem-solving skills

- Effective communication skills (verbal & written) with the ability to present findings to senior stakeholders

- Excellent skills preparing compliance reports and management level Notes and Power Point Presentations

- Ability to work independently and collaboratively. Engaging with various stakeholders to accomplish task/project

- 3-5 years of experience in Internal Audit, Compliance Testing, Regulatory Compliance and Risk Management would be an added advantage

About the Business Group :

The Compliance Group "Group" at ICICI Bank ensures compliance to the various regulatory guidelines. The Group co-ordinates with the regulatory authorities to understand the regulatory requirements, submission of data/information. The guidelines/communication received from the regulator is assigned to the various business teams and tracked till closure by the Group. The manner of compliance with respect to various regulatory requirements is also reviewed by the Compliance Group. Compliance Testing within the at ICICI Bank ensures identification, monitoring, testing and reporting of results of compliance testing to the senior management.