Senior Manager - Compliance Testing - Financial Services

8.00 to 10.00 Years Bangalore, Hyderabad, Mumbai City 28 Oct, 2021

Job Location	Bangalore, Hyderabad, Mumbai City
Education	Not Mentioned
Salary	Not Disclosed
Industry	Management Consulting / Strategy
Functional Area	Operations Management / Process Analysis
EmploymentType	Full-time

Job Description

- The role holder will be required leading a team to test and assess the effectiveness of financial crime and regulatory compliance controls, identifying and raising issues where control gaps lead to material unaddressed compliance risks. At a high level, the role holder will be responsible for the following:- Lead an assessment team as they evaluate compliance controls for design and operating effectiveness, raising issues as appropriate. - Ensure that assigned control assessments are accurate, effective- Supervise the delivery of assigned control assessments, using experience and knowledge to intervene and redirect testing as required, resolving or redirecting escalations as required.- Ensure that assigned control assessments are delivered on time, in accordance with the assessment plan. - Manage control owners and other stakeholders, ensuring the success of individual reviews, minimising contention where possible and requesting support where deemed necessary.- Manage the documentation of distinct control types, covering key aspects, such as remit, main processes and handovers to other teams. - Ensure that issue owners complete sufficient root cause analysis for all material issues and have appropriate remediation plans in place.- Lead, develop and motivate the assessment team to attract, retain and develop talent, ensuring the successful delivery of assigned control assessments.- Support the executive in-charge in fulfilling responsibilities as required, including budget management, resourcing and feeding into the development of procedures and templates.- Determine innovative ways of testing controls in a precise and efficient manner, harnessing analysis of data where possible.- Be attuned to the political, management, operational, regulatory and reputational implications of particular decisions and courses of action. Managing the demands of the multiple and diverse aspects of the role. - Assist management in development of controls and systems and influencing the way in which business is conducted in order to manage these risks.Knowledge and Experience- Minimum of 8-10 years proven experience in financial services compliance, testing, audit and/or legal management experience or equivalent.- Excellent understanding of financial crime and/or regulatory compliance and/or the aptitude to develop this understanding in good time, and must be familiar regarding relevant regional laws, regulations and the overall regulatory environment.- Experienced people manager, with excellent communication skills, a polished management style, and a proven track record of leading through change.- Proven ability to question, evaluate, and improve existing business processes and adequacy of information.- Experience working with local and regional stakeholders and an understanding of global standards of quality. - Minimum Bachelors degree in related field such as business, finance, law or equivalent experience; Masters degree preferred.- Requires understanding of the changing regulatory landscape regarding compliance functions within the banking industry.- Broad knowledge of banking and a good understanding of all significant regulatory compliance requirements applicable to a CoE.- Experience developing assurance automation and analytics tools preferred.- Fluent in both oral and written English.- Proficient with Microsoft Office.,

Keyskills :
budget managementtestingfinanceroot causeaccountancyltdrootbankingdesignsalesfinancial servicesmislegal managementmanagement styleroot cause analysisregulatory compliancecommunication skills

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