Compliance Testing Role Skillventory

The Corporate Institute; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

The Corporate Institute in Mumbai is seeking a CA with 3–5 years of experience to conduct risk-based compliance testing for banks/NBFCs, aligning with the approved testing plan.

The role involves documenting findings, collaborating with risk, audit and business teams, and ensuring timely closure of regulatory actions. Candidates should possess strong analytical skills and a proactive approach to compliance.

Qualifications

• CA with 3–5 years of experience in compliance testing in banks/NBFCs.
• Knowledge of RBI/IRDAI/SEBI regulatory requirements.
• Strong analytical, documentation and reporting skills.

Responsibilities

• Execute risk-based compliance testing as per the testing plan.
• Prepare testing scope, procedures and sampling methodology.
• Review processes and controls against regulatory requirements.
• Validate compliance through testing of samples and evidence.
• Prepare clear, evidence-based compliance observations.
• Perform root cause analysis and assess regulatory impact.
• Draft testing reports with practical recommendations.
• Maintain testing workpapers and documentation.
• Liaise with risk, audit and business teams; guide regulatory requirements.
• Monitor regulatory updates and support RBI/SEBI/IRDAI implementation.

Skills

CA

Education

Chartered Accountant (CA)

Job description

Role Overview

• Execute risk-based compliance testing as per the approved Compliance Testing Plan.
• Prepare testing scope, test procedures and sampling methodology.
• Review processes, system controls and documentation against regulatory requirements.
• Validate compliance through testing of samples and supporting evidence.

Observation Reporting & Documentation

• Prepare clear, evidence-based compliance observations.
• Perform root cause analysis and assess regulatory impact.
• Draft testing reports with practical recommendations.
• Maintain complete testing workpapers and documentation.

Corrective Action Tracking

• Track Action Taken Reports (ATR) for all compliance observations.
• Validate closure evidence submitted by business teams.
• Escalate overdue or ineffective remediation to management.
• Maintain compliance issue tracker and MIS.

Stakeholder Coordination and Compliance Support

• Liaising with business, risk, audit and other internal teams on compliance matters; providing guidance on regulatory requirements; tracking and following up on compliance deliverables across functions; supporting inspections, audits and compliance reviews.

Regulatory Compliance Management

• Monitoring regulatory updates on the RBI/ IRDAI/ SEBI websites and assessing applicability; supporting implementation of RBI and other regulatory requirements; maintaining compliance trackers and ensuring timely closure of action items; assisting in compliance risk assessment for new/existing processes.

Ideal Profile

• Qualified CA with 3 to 5 yrs exp in compliance testing in bank / nbfc