Senior Compliance Manager-Compliance Testing

Job Requirements

About the Role

The Senior Compliance Manager – Compliance Testing plays a critical role in ensuring the organization adheres to regulatory requirements and internal policies. This role involves designing and executing compliance testing strategies, conducting reviews, analyzing data, preparing reports, and engaging with stakeholders to implement corrective actions. The position requires a strong understanding of banking regulations, excellent communication skills, and the ability to lead and guide a team effectively.

Key Responsibilities

Primary Responsibilities

• Oversee all business operations relating to compliance including policies, investments, and procedures.
• Design and monitor control systems to address violations of legal rules and internal policies.
• Regularly assess the efficiency of control systems and recommend effective improvements.
• Review and evaluate the bank's procedures and reports to identify hidden risks or common issues.
• Perform periodic audits on company procedures and processes, and maintain organized compliance records.
• Draft compliance checklists, manuals, and other regulatory documentation.
• Coordinate with department leads to review all departmental compliance policies.
• Liaise with senior management to ensure proper implementation of compliance policies.
• Initiate investigations when non-compliance occurs within the bank.
  
  

• Facilitate employee training sessions on legal and compliance issues.
• Supervise compliance officers and team, and share best practices.
• Leverage in-house synergies through collaboration with internal stakeholders.
• Stay abreast of regulatory developments within or outside the bank and evolving best practices in compliance control.
• Create an environment that promotes collaborative learning and collective ownership of responsibilities.
  
  

• Graduation: Any graduate
• Post-graduation: MBA
• Professional Degree : CA
  
  

• 8 years of relevant experience in compliance testing, preferably within the banking or financial services sector.
  
  

• Strong knowledge of banking regulations and compliance frameworks.
• Excellent communication and interpersonal skills.
• Proven ability to manage and mentor a team.
• Analytical mindset with attention to detail.
• Proficiency in preparing reports and maintaining MIS.
• Ability to work collaboratively with cross-functional stakeholders.