VP - Regulatory Compliance - Monitoring/Testing - Bank

NOTE - ( 2 Separate Vice President Vacancy - 1 For Compliance Monitoring & Testing wrt Retail Banking & the other for Global & Commercial Banking Business Support) - VP Regulatory Compliance (MAT),

BRIEF KRA / JD UNDER - (If Shortlisted, we shall call you, within 48 hours)

To conduct second line compliance reviews for Retail Banking & Wealth Mgmt OR Global Banking OR Commercial Banking business line as per the annual monitoring & testing plan.

- To test the adequacy of controls in place within the business and to identify potential and actual breaches.

- To escalate breaches identified through testing to business and RC Senior Management to ensure that appropriate action can be undertaken.

- Prepare reports to inform key stakeholders of the outcome of monitoring and review work, including rating findings and assigning owners/actions.

- Track recommendations and issues identified and agreed in the final report to ensure that the issues have been addressed.

- Manage the preparation of Compliance Risk Assessments, drawing on the experience and knowledge RC team and with the active participation of senior managers in the Business.

- Assist the Head of Monitoring in production, delivery and completion of Compliance monitoring plans which would include periodic and themed reviews.

- Contribute in the preparation of consolidated MI on the results of the monitoring for Senior management in the Business / RC / Region.

- Ensure local monitoring activities are in accordance with Global monitoring policies and conducted as a second line of defense.

Qualifications/Requirements:

- Good understanding and experience of regulations pertaining to Retail Banking OR GBM/CMB Business line. Exposure to RBI/SEBI/IRDA/HKMA regulations.

- Post Graduate in business management, accountancy or related field. May also hold professional certification (CA, MBA, CIA).

- Understanding of the activities of RBWM business lines and associated compliance risks.

- Strong interpersonal skills with the ability to communicate effectively at all levels and to engage with senior Mgmt Of BANK, within the functions.

- Excellent written communication skills - ability to communicate complex regulatory issues in writing.

- Previous experience of Compliance Monitoring, Internal Audit, BRCM or Supervisory reviews desirable.

CTC - OPEN - Depending on Relevant Experience + MBA/CA - (Preferred)