Compliance Testing Officer

Yes Bank; Mumbai; On-site; INR 1,200,000 - 2,500,000; Full time

Job summary

Yes Bank is seeking a Compliance Professional to conduct reviews of banking functions and new products, ensuring adherence to regulatory norms and providing assurance to management.

Responsibilities include planning, checklist maintenance, team oversight, fieldwork, and reporting with stakeholders, while maintaining thorough documentation and issue tracking.

Qualifications

• In depth knowledge of the regulatory environment for banks in India (RBI).
• Strong research capabilities and interpretation of regulatory guidelines.
• Knowledge of commercial and operational banking areas such as Trade, Remittances, Treasury, Loans & Advances.
• Excellent interpersonal skills and ability to drive results.

Responsibilities

• Prepare Compliance Review plan to be put up to the Board.
• Prepare and update Compliance review checklists in line with guidelines.
• Manage the Compliance Review team to ensure reviews are completed as per plan.
• Undertake field work and ensure review completion within timelines.
• Prepare Draft and Final Compliance Review reports with stakeholders.
• Obtain responses from stakeholders and finalize reports.
• Maintain documentation and working papers for all reviews.
• Prepare Open Issue tracker for Compliance Review Reports.
• Follow up with management towards closure of open issues.

Skills

Regulatory knowledge

Research capabilities

Interpersonal skills

Results oriented

Education

CA or MBA in Finance

Job description

Compliance Professional part of Business/Operations to be avoided Role & responsibilities

Objective The incumbent would be primarily responsible for conducting Compliance reviews of Banks functions and new products to give reasonable assurance to the Management regarding compliance with regulatory norms.

Responsibilities Preparation of Compliance Review plan to be put up to the Board.

Preparation and updating of Compliance review checklists in line with the regulatory guidelines/internal policies.

Managing the Compliance Review team to ensure that the compliance reviews are completed as per the Compliance review plan.

Undertaking field work and ensuring that the review is completed within the prescribed timelines.

Preparation of Draft Compliance Review report and discuss the same with the relevant stakeholders.

Obtain the responses from the stakeholders and preparation of Final Compliance Review Report.

Ensure proper documentation and working papers are maintained for all the compliance reviews conducted.

Preparation of Open Issue tracker for Compliance Review Reports issued.

Follow up with the management towards closure of compliance review open issues.

Essential competencies In depth knowledge of the regulatory environment for the banks in India particularly RBI.

Good research capabilities and intelligent interpretation of regulatory guidelines.

Good knowledge of all the elements (commercial, operational) of banking areas like Trade, Remittances, Treasury, Loans & Advances e.t.c.

Good interpersonal skills.

Demonstrated ability to drive results and be very effective

Preferred candidate profile

Departments open for the role:

Trade - Trade Finance, Merchanting Trade, Guarantees, Export Credit, FEMA, Remittances, Trade Surveillance

Financial Markets - Treasury, Financial Market, Forex/Foreign Exchange, Derivatives, Structured Products, Liquidity Management, Balance Sheet Management, Market Risk

Credit - Credit Analysis, Credit Underwriting, Credit Due Diligence, Digital lending, NPA classification, Loan restructuring, Credit Risk, Collateral Valuation, LTV ratio, Interest subvention

Educational Preference - CA or MBA in Finance

Avoid Applying :

Compliance Professional part of Business/Operations to be avoided

People working in Foreign Banks, NBFCs, Small finance banks and Co-operative banks to be avoided.