Unit Manager - Compliance

Job Purpose Compliance testing Perform Compliance testing of various products and processes. Determine scope & testing methodology in line with the Compliance testing plan, perform testing, discuss & obtain responses with action plan and present the results to Senior Management. Duties and Responsibilities Compliance testing and product and thematic reviews Compliance Function plays a central role in identifying the level of Compliance risk in the organization. The compliance function comprises of Regulatory correspondence team, Advisory team and Compliance Monitoring & Testing (CMT) team. The incumbent will be part of the CMT team performing Compliance testing for various products and processes. The CMT team is responsible for testing and evaluating the effectiveness of internal controls, policies, procedures, and processes designed to meet regulatory requirements. Key Responsibilities:

Conduct walkthrough, understand the regulatory requirements and BFL processes to meet those requirements, accordingly, develop testing procedures.

Determine scope and perform compliance testing of various products and processes.

Discuss the results with Business Heads and provide recommendations as necessary.

Obtain responses with action plan and timelines.

Present the results to the Senior Management.

Track actionable for appropriate closure.

Key Decisions / Dimensions

Prioritize area of focus and accordingly develop testing approach.

Deciding the approach for data analysis, consider risk-based sampling methodology.

Major Challenges

BFL is a fast-paced growing organization with multiple business lines and product families. The business processes are changing at a very fast pace, so it is important to keep oneself updated and in fact, try to think ahead of the business.

The compliance requirements are complex and ever evolving hence the need for constant learning and keeping updated of industry developments.

Required Qualifications and Experience Educational Qualifications

CA /MBA Finance or equivalent with 3 + years of experience.

Understanding of business and operational processes.

Good understanding of regulatory requirements from RBI.

Analytical and communicating skills.

Ability to learn and implement at a fast pace.