National Lead - Compliance

Job Purpose
Compliance testing Lead a team for Compliance testing of various products and processes. Develop a compliance testing plan, determine scope & testing methodology, lead a team for execution, discuss & obtain responses with action plan and present the results to Senior Management. Duties and Responsibilities
Compliance testing and product reviews

Compliance Function plays a central role in identifying the level of Compliance risk in the organisation. The compliance function comprises of Regulatory correspondence team, Advisory team and Compliance Monitoring & Testing (CMT) team. The incumbent will principally be accountable to lead the CMT team.

The CMT team is responsible for testing and evaluating the effectiveness of internal controls, policies, procedures, and processes designed to meet regulatory requirements.

Key Responsibilities:
Build an annual plan for Compliance testing reviews of various products and processes considering regulatory risks and feedback from Senior Management.
Develop testing procedures and train the team to carry out such procedures.
Determine scope and lead a team to perform compliance testing.
Discuss the results with Business Heads and provide recommendations as necessary
Obtain responses with action plan and timelines.
Present the results to Senior Management.
Track actionables for appropriate closure.
Expert in leading a high performing team of compliance testing manager Key Decisions / Dimensions
Specific area prioritization during field work in terms of what areas to focus on and what testing approach to be used.
Deciding the approach for data analysis; what sample size to take and how to analyse the data. Major Challenges
BFL is a fast-paced growing organization with almost 90 + products. The business processes are changing at a very fast pace, so it is important to keep oneself updated and in fact, try to think ahead of the business.
The compliance requirements are complex and ever evolving hence the need for constant learning and keeping updated of industry developments Required Qualifications and Experience
Educational Qualifications
10-13 years of experience in Banking and Financial services industry

Strong domain knowledge of RBI requirements related to retail assets, liabilities, payments, etc in BFSI sector is required
Work Experience

Candidate is expected to have expertise in understanding of regulatory requirements specifically from RBI
Candidate is expected to have a strong background of working in Internal Audit or Compliance teams of BFSI
Work jointly with a dynamic team of professionals having diversified experience CAs/ MBAs
With various BFL business initiatives candidate need to have agility to adopt to new changes

Leadership:
Demonstrate leadership, negotiation, communication and audit/ compliance management skills in order to handle CMT team activities and engage with Senior Management.
Develop rapport with Business teams for adding value through compliance recommendations.
Bring new knowledge on board and keep updated with rapidly changing business environment.
Constantly challenge status quo for bringing value addition.