Walk-in | Compliance Testing - 10th October Drive

Yes Bank Ltd.; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Yes Bank Ltd. in Mumbai seeks a Compliance reviewer to assess bank functions and new products for regulatory alignment. The role focuses on conducting reviews to provide management with reasonable assurance about regulatory compliance.

The incumbent will prepare compliance review plans, draft final reports, maintain proper documentation, and follow up on open issues with stakeholders to ensure timely closures. Strong RBI knowledge and research skills are essential.

Qualifications

• Knowledge of RBI regulations and Indian banking norms.
• Ability to interpret regulatory guidelines and apply them to audits.
• Experience with compliance review processes.

Responsibilities

• Assist in preparing Compliance Review plan for Board.
• Prepare and update Compliance review checklists per guidelines.
• Conduct field work and ensure reviews meet timelines.
• Prepare and discuss Draft Compliance Review report with stakeholders.
• Obtain stakeholder responses and finalize the Compliance Review Report.
• Maintain documentation and working papers for reviews.
• Prepare Open Issue tracker for Compliance Review Reports.
• Follow up with management to close open issues.

Skills

Regulatory compliance

RBI knowledge

Research capabilities

Regulatory interpretation

Job description

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

• Assistance in 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.
• 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.