Overview
Must have experience in-
Wholesale Banking + Compliance Testing
IC role
Shifts-EMEA & US regions
– Compliance testing
– Testing the controls in process
– 1st Line of defence does means control testing
– 2nd line of defence does then called compliance
– Control testing /compliance testing /audit – all testing
– wholesale banking – mandate
– global market
– Responsible for evaluation & monitoring internal controls, policies & procedures to ensure the organization adheres to applicable regulatory and compliance requirements.
– This role involves conducting Compliance assessments, identifying risks and recommending corrective actions to mitigate potential violations.
Key responsibilities include:
Compliance Testing & Monitoring:
– Conduct periodic risk-based control testing and reviews across various business areas & regions
– Evaluate policies, procedures & transactions, reports etc. by employing strong investigative techniques such as in-depth interviewing, inspection, observation and analysis to assess compliance key compliance risks, regulatory requirements, internal Compliance policies and effectiveness of key controls
– Identify gaps & recommend corrective actions to improve overall levels of compliance
Reporting & Documentation:
– Prepare detailed reports on testing results, findings, and recommendations
– Maintain comprehensive documentation of compliance testing activities including approach of testing, evidence gathering etc. to further back the findings & exceptions that get reported
– Develop & document recommendations for actions to be taken by business towards mitigation of compliance risks
– Present findings to senior management & relevant compliance teams
– Track open issues & follow up for closure. This includes preparing appropriate management information
Process Improvement:
– Stay updated on relevant laws, regulations & industry standards
– Work with stakeholders towards enhancing compliance practices
– Collaborate with internal teams to improve control frameworks