Compliance Testing Officer - Offsite Monitoring - VP

Responsibilities

Strategy and Planning

• Assess audit universe, risk assessment methodology, and annual audit plan to ensure adequacy of review coverage aligning with banks 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

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 follow approved methodologies and documentation standards to ensure proper documentation and working papers are maintained for all the compliance reviews conducted.
• Ensure sampling is riskbased 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.

Education : CA / MBA

Experience : 8+ Yrs

FUNCTIONAL COMPETENCIES

• In depth knowledge of the regulatory environment for the banks in India particularly RBI.
• Good knowledge of all the elements of Risk-based auditing (RBA), Control testing approaches, Sampling techniques, Workpaper standards, etc.

BEHAVIORAL COMPETENCIES

• Good interpersonal skills.
• Demonstrated ability to drive results and be very effective