Vice President - Compliance Testing - Bank - CA
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Description:
Job Title - Vice President Compliance Testing
Objective: To implement compliance testing framework across all banking products and processes, ensuring adherence to regulatory requirements. The role aims to proactively identify compliance risks, conduct compliance testing and deliver timely, accurate reporting to senior management thereby safeguarding the organizations regulatory standing. The role ensures robust closure verification, sustainable control fixes, prevention of repeat findings
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.
Required Qualifications and Skills:
Graduate/Postgraduate in Finance, Banking, or related field.
Experience:
- 10-12+ years in compliance/audit/risk, with strong exposure in Risk, Finance and central subjects such Loans & Advances, Trade Finance, Treasury, Branch Banking, Credit Cards and Payments.
- Strong understanding of RBI, SEBI and other regulatory frameworks.
- Demonstrated experience working on or validating RBI Inspection observations/responses and closure processes.
- Proven track record of managing large-scale compliance testing programs.
Leadership Competencies:
- Strategic thinking, stakeholder engagement, and ability to drive large-scale compliance initiatives.
Key Attributes:
- Excellent leadership, communication, and stakeholder management skills.
- Analytical mindset with ability to interpret complex regulatory requirements.
- Ability to manage complex projects under tight timelines
Preferred Certification: - CA
Reporting Line: Senior Vice President I - Compliance Testing Unit
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