Lead Compliance Testing - Branch Banking & Retail Liabilities

YES BANK; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

YES BANK is seeking a seasoned professional for the role of Compliance Testing, responsible for ensuring that Compliance Testing is conducted in accordance with the approved annual plan. The ideal candidate will oversee a team of compliance professionals and interact with senior management to discuss compliance testing outcomes and initiatives.

With at least 12 years of relevant experience, candidates should possess a robust background in Compliance Testing, working within a bank or top NBFCs. Key responsibilities involve preparing the Compliance Testing Plan, ensuring documentation integrity, and facilitating communication across various management levels.

Qualifications

• Minimum of 12 years of relevant experience in Compliance Testing or Internal Audit.
• Prior experience with a bank or top non-banking financial companies (NBFCs).
• Ability to manage teams and oversee compliance practices.

Responsibilities

• Prepare and implement the Compliance Testing Plan.
• Manage the Compliance Testing Team for timely completion of reviews.
• Finalize compliance testing scope and ensure appropriate documentation.
• Interact with senior management around compliance activities.
• Ensure closure of open issues and monitor compliance testing reports.

Skills

Compliance Testing

Team Management

Audit

Documentation

Stakeholder Communication

Job description

Overview

Role Summary: The role holder is responsible for ensuring that Compliance Testing are conducted in line with the Annual Compliance Testing Plan approved by the Audit Committee of the Board (ACB).

Key Responsibilities / Accountabilities

Designing, delivering, and maintaining best-in-class Compliance practices; managing a team of Compliance professionals; preparation and implementation of Compliance Testing Plan.

• Preparation of Compliance Testing plan.
• Managing the Compliance Testing Team to ensure that the compliance reviews are completed as per the approved Compliance Testing Plan.
• Finalization of compliance testing scope, ensuring sample selection in line with policy guidelines.
• Review of the Compliance Testing observation, discussion with stakeholders and finalization of compliance testing report.
• Ensure proper documentation and working papers are maintained for all the compliance testing conducted.
• Interact with the Senior & Top management of the Bank relating to activities pertaining to Compliance Testing.
• Ensuring timely closure of open issues, regular follow up with stakeholders and publishing of MIS to Top Management.
• Preparation of ACB Note on Compliance Testing Report and Compliance Testing Open Points.

People Management

Responsibilities include interacting with middle/senior management of Business Unit / Product Team / Operation Unit. Keeps abreast of relevant professional/industry developments through continued education and professional networks.

Risk and Internal Control

Ensuring completion of the Compliance Testing Plan. Ensuring updation of the Compliance Risk Register.

Experience

A minimum of 12 years of relevant experience. Prior experience in a Compliance Testing / Internal Audit with a Bank/Top NBFCs.