Job Overview
Job TitleCompliance Testing Officer
Job TypeFull Time
Offered Salary₹0
LocationMumbai Metropolitan Region
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Job Description
Compliance Testing Officer at YES BANK
Objective: The incumbent would be primarily responsible for conducting Compliance reviews of the Bank’s functions and new products to provide reasonable assurance to the Management regarding compliance with regulatory norms.
Responsibilities:
- Preparation of Compliance Review plan to be presented to the Board.
- Preparation and updating of Compliance review checklists in line with regulatory guidelines/internal policies.
- Managing the Compliance Review team to ensure that compliance reviews are completed as per the Compliance review plan.
- Undertaking field work and ensuring that the review is completed within the prescribed timelines.
- Preparation of Draft Compliance Review report and discussing the same with the relevant stakeholders.
- Obtain responses from stakeholders and preparation of the Final Compliance Review Report.
- Ensure proper documentation and working papers are maintained for all compliance reviews conducted.
- Preparation of an Open Issue tracker for Compliance Review Reports issued.
- Follow up with management towards the closure of compliance review open issues.
Essential Competencies:
- In-depth knowledge of the regulatory environment for banks in India, particularly the Reserve Bank of India (RBI).
- Good research capabilities and intelligent interpretation of regulatory guidelines.
- Good knowledge of all elements (commercial, operational) of banking areas such as Trade, Remittances, Treasury, Loans & Advances, etc.
- Good interpersonal skills.
- Demonstrated ability to drive results and be very effective.
Key skills/competency:
- Compliance Testing
- Regulatory Compliance
- RBI Guidelines
- Banking Operations
- Risk Management
- Audit
- Documentation
- Reporting
- Team Management
- Stakeholder Management
How to Get Hired at YES BANK
- Tailor your resume: Highlight specific experience with Indian banking regulations and RBI guidelines, emphasizing your compliance testing accomplishments.
- Showcase relevant expertise: Detail your knowledge of banking operations like Trade, Remittances, Treasury, and Loans & Advances.
- Demonstrate research skills: Prepare to discuss how you interpret and apply complex regulatory guidelines effectively.
- Highlight leadership potential: Emphasize any experience managing teams or driving projects to completion within set timelines.
- Research YES BANK: Understand their commitment to compliance and how this role contributes to their overall integrity.
Frequently Asked Questions
Find answers to common questions about this job opportunity
01What specific banking regulations should I be familiar with for the Compliance Testing Officer role at YES BANK?
02How does YES BANK ensure compliance with regulatory norms for new products?
03What is the typical process for conducting a compliance review at YES BANK?
04Can you describe the importance of documentation and working papers in this Compliance Testing Officer role?
05How does the Compliance Testing Officer at YES BANK contribute to the bank's overall management and integrity?
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