RBI regulations require a Bank in India to have a comprehensive Compliance Risk Assessment and Compliance Testing Program in place to ensure that the business activities of the Bank are conducted in accordance with the regulatory requirements prescribed by the RBI. The Compliance Testing Team is responsible for the timely and effective management and execution of the India Compliance testing program.  

Job summary:

As a Compliance Risk Management Senior Officer in the APAC CCOR M&T Team, you will be responsible for executing testing activities, performing supplemental testing-related tasks, as well as ad-hoc project work. The successful candidate must have the ability to prioritize / manage time, and to quickly learn about assigned topics. This position will report to the Head of Compliance at India Branch. 

The job will also support Global Corporate Banking Compliance (GCB) in implementing a CCOR program to support that business. The candidate will need to work with the Compliance head of GCB and act as a back up when needed.

Job responsibilities:

Be part of the CCOR team in India for timely and effective execution of the CCOR M&T program. The team’s coverage includes all Lines of Businesses/Functions at the India Branch;Execution of the India Compliance Testing Program in line with the firm’s expectation by working with Line of Business Compliance, Business Control Managers, Operational Risk Management, Technology and Audit partners to develop and perform control design assessment and operating effectiveness testing of controls and processes that mitigate risks, assessing adherence to applicable regulations, legal obligations, and business requirements; Drive the use of data in order to innovate and optimise current M&T practices;Determine root cause for control issues identified and work with stakeholders to develop and implement appropriate corrective actions; Prepare clear and organized work papers to document and support work performed and conclusions reached; Present testing results to various stakeholders, including but not limited to M&T Leadership, Second Line of Defense colleagues, Business Control Officers, etc;Work with Second Line of Defense Advisory teams/Subject Matter Experts to ensure up to date and comprehensive understanding of business areas;Assist in co-ordination of Audit and Regulatory reviews pertaining to Compliance Testing and Compliance Risk Assessment;Assist in performing Quality Assurance (QA) work of India Compliance as directed;Coordinate with other Compliance M&T teams globally and assist in ad hoc projects as necessary.

Required qualifications, capabilities, and skills: 

Minimum 5-7 years relevant experience in Compliance Monitoring and Testing, Audit, Operational Risk or equivalent experience within financial services industry; Knowledge of investment and commercial banking activities/financial crime compliance; Be able to demonstrate an ability to interpret financial regulations and regulatory requirements and assess operational Compliance with those requirements.Strong communication, interpersonal and influencing skills.  The candidate should have the ability to establish credibility and strong partnerships with business partners and other support functions.Strong analytical, problem-solving skills, attention to detail and be able to demonstrate a good knowledge of control design and root cause analysisProven track record of working in a team oriented environment and the ability to establish credibility with senior business and CCOR partners.Excellent written skills with an ability to produce well written Compliance testing reports. Self motivated with an ability to work independently, execute reviews within defined timescales and ability to manage multiple assignments simultaneously;Ability to work in a demanding environment and deliver quality results.Be comfortable interacting with, and presenting to, senior business management and control functions.Experience working with complex data sets and environments, drawing conclusions and reporting findings.

Preferred qualifications, capabilities, and skills: 

Chartered Accountant, Master’s degree, or other closely related professional qualification will be beneficial.Proficiency in MS Excel, PowerPoint and Word and experience in working with analytical tools such as Alteryx, SQL, Tableau, Business Objects, would be an added advantage.

Additional details:

Working hours will generally be aligned to India time, with candidate expected to flex hours depending on business requirements.