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