Senior Vice President - Compliance Testing - BFS

Description:

Job Role: SVP - Compliance Testing

Location: Mumbai

Responsibilities:

- Plan and run deep-dive thematic reviews targeting inspection hot-spots in the areas of Risks, Finance, loans and advances, Trade Finance, Treasury, Market Risk, Retail Liabilities, Cards and Payments.

- Identify emerging regulatory risks and incorporate them into thematic testing plans.

- Refresh the testing universe quarterly based on new/updated RBI issuances and evolving risk themes.

- Conduct end to end compliance testing.

- Collaborate with business units and CAROs to discuss compliance testing observations and track for remedial action.

- Maintain comprehensive documentation and ensure timely escalation of findings.

- Deliver detailed reports with root-cause analysis and actionable recommendations.

- Own the Tranche III testing plan and governance, aligning scope and timelines with RBI expectations.

- Drive enhancements in testing processes through automation, analytics, and best practices.

- Execute assurance tests to validate the adequacy, effectiveness, and sustainability of managements responses and corrective actions.

- Verify closure evidence (policies/procedures updated, system control changes, training completed, reperform outcomes) and certify closure or flag gaps for rework.

- Maintain a central tracker of observations, commitments, owners, timelines, and closure status with supporting artifacts

- Maintain robust documentation and evidence for audit and regulatory reviews

- Enforce standardized testing methodologies, sampling strategies, and documentation protocols.

- Mentor a team of compliance testing professionals, ensuring optimal resource allocation and capability building.