About the role
Ensure that all the key regulations / notifications and process notes are covered in the checklist and the checklist is updated simultaneously along with the review.
SECTION IV: KEY RESPONSIBILITIES & KPIS OF THE ROLE
These responsibilities are representative, and the role holder is also responsible for any other job assigned by the superior authorities from time to time. This section in not intended to be an exhaustive listing of all activities done by the role holder. It should capture only the key responsibilities of the role.
Metrics that are used to evaluate the success / performance of the role; specific targets do not need to be included as those would change from Y-o-Y.
Responsibilities
KPIs
Strategy and Planning
Assess audit universe, risk assessment methodology, and annual audit plan to ensure adequacy of review coverage aligning with bank’s risk profile.
To ensure risk ratings and audit prioritization are justified and consistently applied.
Policies, Processes & Procedures
Preparation and updating of Compliance Testing framework and review checklists in line with the regulatory guidelines/internal policies.
Preparation of offsite monitoring reports for review of regulatory obligations.
<Job specific bucket/s>
Perform QA reviews on:
· Planning documents (review scope, risk & control matrix)
· Fieldwork (test design, sampling, evidence adequacy)
· Issue identification and grading
· Final audit report consistency and clarity
Validate that Tester follows approved methodologies and documentation standards to ensure proper documentation and working papers are maintained for all the compliance reviews conducted.
Ensure sampling is risk‑based and evidence is complete and traceable.
Suggest improvements to enhance test efficiency and recommend areas for automation to increase efficiency.
Prepare offsite monitoring reports which either serves as base data for compliance testing officers for review or are direct exception reports for testing of process efficiency.
Coordinate with concerned stakeholders for development of reports, perform UAT testing and build automated process for report generation.
People Management
Conduct workshops on documentation standards and testing quality.
SECTION V: OPERATING NETWORK
Key interactions which are essential to execute the role. This will include both internal (excluding sub-ordinates) and external stakeholders.
Internal
Chief Compliance Officer and Senior Management
External
Regulators and External Auditors
SECTION VI: ROLE PROFILE REQUIREMENTS
Minimum qualification which are essential to execute the role.
Education
Essential: Post graduation – CA/MBA
Preferred:
Experience
Essential: 6 – 8 years
Preferred: