Compliance Testing Role - Bank (1-12 yrs)

Compliance Testing

A Compliance Testing role in a bank involves assessing and ensuring adherence to regulatory requirements, internal policies, and procedures.

Key responsibilities include:

- Regulatory Compliance: Conducting tests to ensure the bank complies with applicable laws, regulations, and industry standards.

- Control Testing: Evaluating the effectiveness of internal controls and risk management frameworks.

- Gap Analysis: Identifying compliance gaps and recommending corrective actions to mitigate risks.

- Policy Adherence: Reviewing and testing adherence to internal policies and procedures across various departments.

- Reporting: Preparing detailed reports on compliance testing outcomes, including findings and recommendations for improvement.

- Stakeholder Engagement: Collaborating with internal teams, such as audit and risk management, to address compliance issues.

- Training: Assisting in training employees on regulatory requirements and compliance best practices.