Principal Advisor - Compliance presso Svb

FC Global Services India LLP (First Citizens India), a part of First Citizens BancShares, Inc., a top 20 U.S. financial institution, is a global capability center (GCC) based in Bengaluru. Our India-based teams benefit from the company’s over 125-year legacy of strength and stability. First Citizens India is responsible for delivering value and managing risks for our lines of business. We are particularly proud of our strong, relationship-driven culture and our long-term approach, which are deeply ingrained in our talented workforce. This is evident across all key areas of our operations, including Technology, Enterprise Operations, Finance, Cybersecurity, Risk Management, and Credit Administration. We are seeking talented individuals to join us in our mission of providing solutions fit for our clients’ greatest ambitions.

Job Description:

Principal Advisor - Compliance

Value Preposition

Contribute to creating a culture of compliance where ethics and integrity are a critical part of what we do every day.

Job Details

Position Title:  Principal Advisor - Compliance

Career Level:  P4

Job Category: AVP

Role Type: Hybrid

Job Location: Bangalore  

About the Team:

The compliance testing team operates as an independent function within the broader compliance framework. This team is responsible for accessing the effectiveness of controls and processes to meet regulatory obligations. The team conducts targeted reviews across business lines and functions, identifies potential compliance gaps and works with the business functions on guiding them with remediations. By leveraging deep regulatory knowledge and analytical rigor, the team plays a critical role in promoting a culture of compliance and supporting the banks’ risk management objectives

Impact

This position is part of the Compliance Testing & Practices team and performs complex compliance testing in various areas through interpretation of banking regulatory requirements, policies and procedures, data collection, gap analysis, reporting, and risk identification. The Compliance Testing & Practices team is part of the Second Line of Defense Corporate Compliance function responsible for developing and executing the Compliance Risk Management Program of the Bank, which includes implementation of complex regulatory requirements that impact multiple systems, processes, and clients. This role leads the end-to-end compliance testing of relevant business areas with minimal supervision, including processes, internal controls, and substantive testing of transactions in conjunction with applicable laws and regulations to identify potential violations. Maintains expert knowledge of compliance risks and controls, bank operations, systems, and regulations to provide assurance to senior management over compliance status, including detailed knowledge of new and existing laws that impact enterprise activities; identifies strategies and efficiencies to mitigate compliance risk. Reports on issues identified for the business to enhance their processes or systems that improve the overall compliance controls environment. Provides a leadership role for less experienced analysts and consultants in the work group and leads special projects.

Key Deliverables (Duties and Responsibilities)

• End-to-End Testing: Executes compliance testing for the assigned areas by following Compliance Testing methodology from planning to reporting. Detailed work includes but not limited to regulation mapping, scoping and planning with key stakeholders and compliance advisors, risk and control identification, walkthrough with process and control owners in focus areas, following a risk-based approach in designing test plans, executing design and operating effectiveness testing, executing substantive testing of transactions, debriefing with issue owners and senior management on observations, and reporting on findings.

• Data Analysis: Sources, validates, and interprets testing population and sample data. Analyzes process and transactional data for discrepancies and risks, and effectively communicates analysis output in support of issue findings.

• Process Documentation: Uses compliance testing system to document and track the end-to-end work performed and follows the documentation standard to maintain an audit trail.

• Quality Assurance: Responsible for the quality of work produced and follows Compliance Testing process for review and sign-off for each stage of the testing. Ensures the accuracy, compliance, and completeness of required documentation and timely completion of the assigned testing.

• Compliance Expertise: Maintains knowledge of laws, regulations, procedures, and policies that affect the assigned business area through ongoing research and industry involvement. Acts as a resource of Subject Matter Expertise for the areas tested, providing inputs and expertise for complex areas. Internal

• Change Management and Continuous Improvement: Can quickly adapt to changes in a fast-developing environment. Provides ongoing recommendations to Compliance Testing leaders on process improvement and challenges faced by the team. Keeps a growth mindset and drives candid and open conversations with leaders for personal and team development.

Skills and Qualification (Functional and Technical Skills)

Functional Skills:

• Experience and understanding, including assessment of risks and controls, a minimum of 12+ with a financial services organization.
• Professional designation in CIA/CISA/CRCM/CAMS and/or statistical data analysis skills a plus
• Strong organization skills, attention to detail, and communication skills for collaboration, reporting, and documentation of findings.
• Ability to work independently or with a team, meet deadlines, and pivot as priorities shift.
• Ability to identify and provide feedback regarding process improvements and potential risks.

Technical/Business Skills:

• Experience and understanding of policies, including Operational, Regulatory and Credit, and supporting processes and procedures.
• General knowledge of consumer and commercial banking business, as well as the relevant regulations for Large Financial Institutions (e.g., for investments/securities, lending, deposits, payments, banking operations, foreign exchange, payments and channels, and data privacy)
• Experience of reviewing processes, procedures and controls including evidence of compliance.
• Experience of performing assurance activities including substantive testing of transactions and control design and operating effectiveness testing.
• Experience of working in one of the three lines of defense within a financial services organization.

Relationships & Collaboration

• Ability to build and maintain strong working relationships with business partners through strong communication and a proactive approach to problem solving and identifying risks.

Accessibility Needs

We are committed to providing an inclusive and accessible hiring process. If you require accommodations at any stage (e.g. application, interviews, onboarding) please let us know, and we will work with you to ensure a seamless experience.

Equal Employment Opportunity

FC Global Services India LLP (First Citizens India) is an Equal Employment Opportunity Employer. We are committed to fostering an inclusive and accessible environment and prohibit all forms of discrimination on the basis of gender, religion, caste, disability, sexual orientation, economic status or any other characteristics protected by the law. We strive to foster a safe and respectful environment in which all individuals are treated with respect and dignity. Our EEO policy ensures fairness throughout the employee life cycle.