Compliance Testing- TRADE

Role & responsibilities

• Assistance in preparation of Compliance Review plan to be put up to the Board.
• Preparation and updating of Compliance review checklists in line with the regulatory guidelines/internal policies.
• Undertaking field work and ensuring that the review is completed within the prescribed timelines.
• Preparation of Draft Compliance Review report and discuss the same with the relevant stakeholders.
• Obtain the responses from the stakeholders and preparation of Final Compliance Review Report.
• Ensure proper documentation and working papers are maintained for all the compliance reviews conducted.
• Preparation of Open Issue tracker for Compliance Review Reports issued.
• Follow up with the management towards closure of compliance review open issues.

Essential competencies

• In depth knowledge of the regulatory environment for the banks in India particularly RBI.
• Good research capabilities and intelligent interpretation of regulatory guidelines.
• Good knowledge of all the elements (commercial, operational) of banking areas like Trade, Remittances, Treasury, etc.
• Good interpersonal skills.