Compliance Testing Role

Role Overview:

– Execute risk-based compliance testing as per the approved Compliance Testing Plan.

– Prepare testing scope, test procedures and sampling methodology.

– Review processes, system controls and documentation against regulatory requirements.

– Validate compliance through testing of samples and supporting evidence.

Observation Reporting & Documentation:

– Prepare clear, evidence-based compliance observations.

– Perform root cause analysis and assess regulatory impact.

– Draft testing reports with practical recommendations.

– Maintain complete testing workpapers and documentation.

Corrective Action Tracking:

– Track Action Taken Reports (ATR) for all compliance observations.

– Validate closure evidence submitted by business teams.

– Escalate overdue or ineffective remediation to management.

– Maintain compliance issue tracker and MIS.

Stakeholder Coordination and Compliance Support:

– Liaising with business, risk, audit and other internal teams on compliance matters; providing guidance on regulatory requirements; tracking and following up on compliance deliverables across functions; supporting inspections, audits and compliance reviews.

Regulatory Compliance Management:

– Monitoring regulatory updates on the RBI/ IRDAI/ SEBI websites and assessing applicability; supporting implementation of RBI and other regulatory requirements; maintaining compliance trackers and ensuring timely closure of action items; assisting in compliance risk assessment for new/existing processes.

Ideal Profile:

– Qualified CA with 3 to 5 yrs exp in compliance testing in bank / nbfc