IT - Compliance Testing

Role & responsibilities:

• Testing the controls from regulatory guidelines/circulars/advisories on IT and Cyber Security issued by RBI, SEBI, NSDL, NPCI, UADAI by identifying the observations based on control implementation & its effectiveness.
• Follow up with stakeholder to ensure timely testing of regulatory guidelines, legacy Circulars, Advisories, Show cause notice/ Penalties/Displeasures.
• Prepare Annual testing plan based on Compliance risk and senior management directions.
• Support IT & InfoSec team during the onsite IT Examination Review conducted by RBI.
• Conduct Compliance Testing / Review of RAR, RMP & other regulatory observations related to IT, InfoSec & Digital Banking units to ensure that regulatory guidelines are complied with.
• Coordinate with stakeholder for seeking responses in respect of testing observations, submission of periodic update to ACB, Board and RBI & Follow up for closure of open issues & observations.
• Review of new product and process notes.
• Assist in preparation of monthly / quarterly / annual submission to the Board / Audit & Compliance Committee.
• Automation of testing related to regulations.
• Compliance Monitoring & Testing.
• Regulatory inspection & audit management.

Preferred candidate profile

• In depth knowledge of the regulatory environment for the banks in India particularly in IT and Cyber Security Area.
• Knowledge of all regulatory compliance requirements in IT & Information Security areas.
• Good knowledge of IT Governance frameworks & Risk Assessment and mitigation.
• Good understanding of Digital Banking products and regulations pertaining to the same.
• Good Co-ordination skills.
• Good research capabilities and intelligent interpretation of regulatory guidelines.
• Good knowledge of all the elements (commercial, operational) of banking.
• Demonstrated ability to drive results and be very effective in a startup.
• Good interpersonal skills.