Hiring For Compliance Testing

Axis Finance (AFL); Mumbai Suburban; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Axis Finance (AFL) is seeking a proactive Senior Manager, Compliance, based in Mumbai, to lead compliance testing and risk assessment across retail and wholesale lending. The role focuses on identifying control gaps, documenting root causes, and driving corrective actions with senior management oversight.

The ideal candidate will have 6-8 years in financial services compliance, deep RBI regulatory knowledge for NBFCs/Banks, and strong documentation and stakeholder management skills to ensure

Qualifications

• Bachelor's/Master's degree in Commerce, Law, Finance, or related field.
• 6-8 years of experience in Compliance or Internal Audit roles in financial services.
• Strong knowledge of RBI regulations applicable to NBFCs/Banks.
• Experience in conducting compliance testing or risk assessments preferred.
• Analytical mindset with attention to detail and strong documentation skills.
• Effective communication and stakeholder management abilities.

Responsibilities

• Design, plan, and execute periodic compliance testing programs across business functions.
• Identify and assess compliance control gaps through on-site or remote testing.
• Document findings with root cause analysis and recommend corrective actions.
• Follow up on the implementation of corrective actions and ensure timely closure.
• Prepare testing reports for senior management and regulatory reviews.
• Conduct regular compliance risk assessments across retail and wholesale lending businesses.
• Identify inherent and residual compliance risks across business lines, processes, and geographies.
• Maintain and update the compliance risk universe and risk register.
• Liaise with internal stakeholders to ensure implementation of testing outcomes and risk mitigation plans.
• Support the Compliance team in aligning testing and CRA outcomes with regulatory expectations.
• Stay abreast of regulatory developments and integrate them into testing and risk assessment frameworks.
• Contribute to dashboards, MIS, and presentations for senior management, Audit Committee, and Board.
• Assist in periodic updates to the Compliance Function’s annual plan, especially around testing and CRA activities.

Skills

Compliance Testing

Risk Assessment

Regulatory Compliance

Documentation

Education

Bachelor's/Master's degree in Commerce, Law, Finance, or related field

Job description

Job Title: Manager/Senior Manager Compliance

Department: Compliance

Reports to: [AVP – Compliance]

Experience: 6-8 years in financial services compliance, preferably in NBFCs, Banks, or similar institutions

Job Summary

We are seeking a proactive and detail-oriented professional to join our Compliance team as Senior Manager. The role will primarily focus on Compliance Testing and Compliance Risk Assessment, ensuring adherence to regulatory expectations and internal policies across all business verticals.

Key Responsibilities

1. Compliance Testing

• Design, plan, and execute periodic compliance testing programs across business functions
• Identify and assess compliance control gaps through on-site or remote testing
• Document findings with root cause analysis and recommend corrective actions
• Follow up on the implementation of corrective actions and ensure timely closure
• Prepare testing reports for senior management and regulatory reviews

2. Compliance Risk Assessment (CRA)

• Conduct regular compliance risk assessments across retail and wholesale lending businesses
• Identify inherent and residual compliance risks across business lines, processes, and geographies
• Maintain and update the compliance risk universe and risk register

3. Regulatory & Internal Coordination

• Liaise with internal stakeholders to ensure implementation of compliance testing outcomes and risk mitigation plans
• Support the Compliance team in aligning testing and CRA outcomes with regulatory expectations
• Stay abreast of regulatory developments and integrate them into testing and risk assessment frameworks

4. Reporting & Governance

• Contribute to dashboards, MIS, and presentations for senior management, Audit Committee, and Board
• Assist in periodic updates to the Compliance Function’s annual plan, especially around testing and CRA activities

Desired Profile

• Bachelor's/Master’s degree in Commerce, Law, Finance, or related field
• 6-8 years of experience in Compliance or Internal Audit roles in financial services
• Strong knowledge of RBI regulations applicable to NBFCs/Banks
• Experience in conducting compliance testing or risk assessments preferred
• Analytical mindset with attention to detail and strong documentation skills
• Effective communication and stakeholder management abilities