Compliance Testing Professional - Center of Excellence - BFSI

Compliance Testing Professional - Center of Excellence - BFSI

Department Profile : Legal and Compliance

Professionals within Legal and Compliance provide a wide range of services to our business units. They might help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the firm's invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that meet regulatory requirements around the world. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the firm's businesses

The successful candidate will actively assist in executing in-depth compliance tests on topics assigned by Regional Compliance Testing teams in Asia, EMEA and the Americas. This role will locally report into the Director / Head of Compliance Testing.

Background on the Team :

Legal and Compliance Center of Excellence ( LCD CoE ) is an extended arm of different global Legal & Compliance teams. LCD CoE, inter alia, is responsible for executing various aspects of Compliance oversight including monitoring and testing activities across divisions such as Institutional Sales and Trading, Wealth Management, Investment Management and the Global Financial Crimes function. Specific activities managed by the LCD CoE include, but are not limited to, the targeted testing of business areas and/or compliance controls and the monitoring of firm, client and employee trades, outside business interests, negative news activity, and wires and securities settlement transactions

Primary Responsibilities :

As a part of Compliance Testing team within LCD CoE, the candidate will have several areas of responsibility including, but not limited to, the following :

- Analysis of regulations and internal policies/rules for each test topic

- Conducting various tests (including tests of transaction and other documentation) to ensure compliance with the relevant regulations and policies/rules

- Extracting data from multiple sources, organizing in a standardized format and conducting a meaningful analysis

- Conducting /participating in interviews with business employees responsible for a particular area

- Ensuring detailed documentation of test work-papers

- Drafting reports on tests completed

- Responding to test quality assurance queries from regional Compliance Testing teams

- Identification of areas requiring attention or findings and assessment of relative risk

- Presentation of findings and recommendations to Compliance Managers in the Regional Compliance Testing Teams

- Helping to follow-up on review findings until resolution

Skills required (essential) :

- The ideal candidate will have 6+ years professional experience at a large financial institution

- Excellent communication skills - written and oral.

- Experience in Compliance Testing or Internal Audits

- Experience in interpreting laws or regulations

- Strong interpersonal, problem solving, organizational and time management skills

- High level of attention to detail and perform multi tasks

- Ability to articulate key points clearly and in concise manner in various meetings

- Good interpersonal skills and ability to work effectively with colleagues across regions and Business Units

- Proficient in MS Office Suite and internet applications/tools

- Ability to perform data analysis

- Strong sense of ownership and accountability

- Self-motivated and willing to assume responsibility

Skills desired :

- Knowledge of global markets / market regulations

- Industry qualifications - CA / CIA or similar certification

Coverage :

Monday to Friday from 9:00 AM to 6:00 PM. Coverage is dependent on business needs so flexibility on required finish time or full day's coverage may be required during some Indian holidays.