Website:
robertwalters.co.uk
Job details:
Job Title: AVP-Testing & Compliance Monitoring
Location: Mumbai (BKC), India
Perm/Contract/ Full-time/Part-time: Permanent
On-site/Hybrid/Remote: On-site
Who We Are
Robert Walters is the world’s most trusted talent solutions business. Across the globe, we deliver recruitment, outsourcing, and talent advisory services for businesses of all sizes, opening doors for people with diverse skills, ambitions, and backgrounds.
Our Outsourcing service delivers recruitment for some of the world’s top employers, and we are currently recruiting on behalf of one our client which is the Fifth largest global bank globally by assets, with 2400 locations in over 50 markets. Our client has approximately 360 years of history. Its global network has over 180,000 employees. It was ranked as the fourth largest in the world.
The Role
Our client is seeking an AVP-Testing & Compliance Monitoring in the Banking division.
This role offers an exciting opportunity to join a global team, providing top-tier service to existing and prospective clients while expanding the business on a product and global level.
Job Description:
Purpose of Role:
Ensure compliance for the Bank’s business division(s), product line, and operational system. Communicate, coordinate and monitor regulatory compliance policies, systems and procedures, provide relevant and conduct audits/testing. Review and monitor efficient and effective compliance programs and functioning systems of internal control under the supervision of Compliance Manager and in coordination with Regional Compliance team. Ensure proper, adequate and timely coverage of the compliance testing, and suitable redressal of the findings.
Main Responsibilities:
Strategic
- Support high standards of core compliance framework through the ongoing delivery of an organised and structured Core Compliance Program on monitoring and testing.
- Support first line of defence in developing balanced action plans while ensuring that key compliance risks and regulatory requirements are addressed.
Financial
- To perform compliance testing on topics as mandated by Regional Compliance basis the residual risk from the Compliance Risk Assessment. The testing has to be comprehensive to identify all possible risks from the core compliance perspective. Engage with the teams to ensure that the risks thus identified are addressed satisfactorily.
- Perform testing on local regulatory guidelines, to ensure strict adherence to the requirements, adequate controls exist. To also contribute by testing the RBI Tranche III points and contribute towards timely and quality completion of these guidelines
Customer
- Demonstrate commitment in identification, detection and remediation of compliance gaps and risks.
- Develop and maintain strong stakeholder management with key stakeholders both within our client's and externally.
- Work in close collaboration with various departments and colleagues located within and outside India, to ensure due compliance of applicable norms.
- Work in close collaboration within the Compliance team to engage and ensure uniform requirements are communicated to the FLOD.
People
- Connect beyond your team and leverage our global strength as One.
- Engage and collaborate with the teams for ensuring improved understanding of the requirements and promote better adherence and enhanced risk control over the guideline.
Other/ Control
- Promoting risk evaluation, mitigation, and management consistent with policies and standards and through testing, and then coordination and engagement of the first line of defence.
- Update the issue tracker and exercise control over timely and quality addressal of the issues.
- Discuss with SMEs in formulating the testing scripts, identifying topics for adhoc testing, engagement to identify gaps for thematic reviews, regulatory guidelines to be tested.
Education & Professional Qualifications:
CA with 6--8 years of banking experience, preferably in compliance monitoring or audit function in a Bank.
Skills & Knowledge:
(e.g. Capability, Traits required for the role)
- Good stakeholder management skills to collaborate with other departments.
- Strong knowledge of Compliance issue and RBI regulations.
- Good communication skills.
- Strong PC skills (MS Word, Excel, PowerPoint).
This position is being recruited on behalf of our client through our Outsourcing service line. Resource Solutions Limited, trading as Robert Walters, acts as an employment business and agency, partnering with top organisations to help them find the best talent. We welcome applications from all candidates and are committed to providing equal opportunities.
Client promotes collaboration and aims to provide a supportive and inclusive environment where all individuals can maximize their full potential.
As we are continuously hiring for all our clients in the region, we will retain your CV in our database for any other positions that may fit your profile. Therefore, please let us know if you are not agreeable to that.
Click on Apply to know more.