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VP - Compliance Testing & Regulatory Compliance

Mumbai Permanent View Job Description
The VP - Compliance Testing & Regulatory Compliance will oversee compliance testing and ensure adherence to regulatory requirements within the financial services. This role is based in Mumbai and requires expertise in compliance testing and Regulatory.
  • Opportunity to work with a leading NBFC
  • Opportunity to Lead the Compliance Testing Department

About Our Client

The company is a leading NBFC with PAN India Presense.

Job Description

1. Compliance Testing & Review Execution

  • Perform end‑to‑end compliance testing reviews as per the annual Compliance Testing Plan.
  • Develop detailed test plans, sampling criteria, and testing scripts for each review.
  • Conduct walkthroughs of processes to understand regulatory requirements, controls, and risks.
  • Test the design and operating effectiveness of compliance controls across business functions.
  • Document test results, observations, evidence, and deviations in a structured manner.



2. Reporting & Issue Management

  • Draft high‑quality testing reports summarizing observations, risks, and non‑compliances.
  • Work with business teams to obtain management responses and agreed action plans.
  • Track implementation of corrective actions and validate closure of compliance issues.
  • Escalate high‑risk findings to senior compliance management as needed.



3. Regulatory & Policy Compliance

  • Evaluate business and operational processes for adherence to regulatory guidelines, internal policies, and industry standards.
  • Support thematic reviews triggered by new regulations, emerging risks, or compliance incidents.
  • Assist in identifying regulatory gaps and recommending remediation measures.



4. Risk Assessment & Control Evaluation

  • Assist in updating the compliance risk assessment by analyzing testing results and new emerging risks.
  • Identify weak controls, recurring issues, and potential systemic failures.
  • Provide inputs to strengthen the compliance controls library.



5. Data & Documentation Management

  • Maintain complete testing documentation, evidence, working papers, and trackers for audits and inspections.
  • Support automation of testing workflows and usage of compliance tools and systems.



6. Stakeholder Collaboration

  • Coordinate with operations, business, legal, audit, and risk teams to gather process knowledge and testing data.
  • Communicate testing schedules, expectations, and evidence requirements clearly.
  • Participate in meetings and discussions relating to compliance remediation.



The Successful Applicant

A successful VP - Compliance Testing & Regulatory Compliance should have:

  • A strong academic background in finance, law, or a related field.
  • In-depth knowledge of regulatory requirements in the Banks or NBFC's
  • Proven expertise in compliance testing and Regulatory compliance
  • Ability to interpret and implement regulatory changes effectively.
  • Strong analytical skills and attention to detail.
  • Excellent communication and stakeholder management abilities.

What's on Offer

  • Competitive salary
  • Opportunities to work with a large NBFC
  • Professional development and career growth.
  • A collaborative and compliance-focused work environment.

If you are an experienced compliance professional based in Mumbai and looking for an opportunity to advance your career, apply now

Quote job ref
JN-032026-6959560

Job summary

Function
Banking & Financial Services
Sub Sector
Compliance & Legal
What is your area of specialisation?
Financial Services
Location
Mumbai
Job Type
Permanent
Job Reference
JN-032026-6959560

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.