Senior Consultant/Consultant - Compliance Testing

Description:

Job Title Senior Consultant / Consultant Compliance Testing (Contract resources)

Objective Engage experienced retired banking professionals to support the Compliance Testing Unit in conducting end-to-end compliance reviews, sustenance testing of past observations (e.g., RAR/RMP) across products and processes. Role involves checking compliance to regulatory circulars.

Responsibilities:

• Ensure adherence to the Compliance Testing Framework, methodology, and independence standards.

• Test compliance to regulatory circulars, across business units (e.g., Loans & Advances, Trade Finance, Treasury, Market & Liquidity Risk, Retail Liabilities, Cards, Payments).

• Develop and execute detailed test plans, sampling strategies, and working papers with clear evidence trails

• Perform control design and operating effectiveness checks; identify gaps and non-compliances.

• Plan and execute sustenance testing for prior observations to confirm sustained remediation.

• Validate closure actions, assess durability of fixes, and re-perform tests as per compliance testing plan.

• Prepare high-quality working papers, issue logs, root-cause analyses, and remediation recommendations

- Coordinate with business, risk, compliance advisors, audit, and IT teams to obtain data, clarify

processes, and agree remediation timeline

• Deliver detailed reports with root-cause analysis and actionable recommendations.

• Drive enhancements in testing processes through automation, analytics, and best practices.

- Necessary knowledge and skill sets are passed on to the larger compliance testing team

Required Qualifications and Skills:

Education: Graduate/Postgraduate in Finance, Banking, or related field.

Experience:

• Retired officials from Scheduled Commercial Banks.

• 15+ years in banking operations, risk/compliance, internal audit

• One or more of the following Credit (Retail/Corporate), Trade Finance, Treasury & Market Risk, Liquidity/ALM, Cards & Payments, Trade Finance and Retail Liabilities.

- Strong knowledge of RBI circulars and supervisory expectations.

Key Attributes:

• Strong analytical skills, control testing and sampling methodology, evidence-based documentation

• Proficiency in MS Excel/Word

- Clear written and verbal communication

Reporting Line:

Senior Vice President I - Compliance Testing Unit