Vice President - Compliance Testing

Objective :

- Execution of compliance testing to ensure end-to-end adherence to circulars, master directions and guidelines issued by SEBI, IRDAI, and PFRDA.

- The role spans regulatory mapping, thematic reviews, and sustenance testing to validate control design and operating effectiveness across applicable business units, with structured governance reporting and closure assurance.

Responsibilities:

- Maintain complete repository of of applicable SEBI, IRDAI, and PFRDA circulars/guidelines/master directions.

- Refresh the testing universe quarterly based on newly issued or updated circulars and internal risk assessments

- Design risk-based thematic reviews for high-sensitivity areas

- Define clear testing objectives, criteria, sampling strategies and data-driven exception analytics; perform end-to-end walkthroughs, etc.

- Establish and enforce standardized testing methodology covering control design evaluation, operating effectiveness testing, sampling, evidence sufficiency, and conclusion grading.

- Maintain audit-ready workpapers.

- Grade findings by severity and regulatory risk.

- Agree remediation plans with accountable owners; track milestones to closure; perform closure validation.

- Deliver quarterly updates to ACB whenever testing themes or the testing universe are refreshed based on new circulars.

- Leverage rule-based exception scripts, reconciliations, and control dashboards to enhance testing efficiency and coverage

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

- Prepare quarterly updates to the Audit Committee of the Board (ACB) on testing outcomes.

- Act as a subject matter expert for compliance testing across above referred regulators.

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

Education: Graduate/Postgraduate in Finance, Banking, or related field.

Experience:

- 10-18+ years in compliance/audit/risk with demonstrable experience in regulatory compliance testing; exposure to SEBI/IRDAI/PFRDA-regulated activities

Key Attributes:

- Expertise in testing methodology, control evaluation, sampling, and documentation discipline.

- Analytical mindset with ability to interpret complex regulatory requirements.

- Excellent written communication, stakeholder management, and presentation skills.

- Ability to manage multiple testing streams and deliver under tight timelines with independence and objectivity.

Preferred Certification - CA