Respond to RBI queries during annual RBS audit.
Co-ordinate for all the activities related to Risk Based Supervision / other regulatory inspections including the submission of data / documents and represent the department for all the queries raised during the RBI inspections.
Formulate responses to RAR observations from RBI in coordination with various Business Segments and Credit Underwriting,
Keep abreast with the regulatory changes and ensure dissemination and Implementation of regulations / amendments / actionable/ compliance communication in line with the milestones committed and within the timelines prescribed by regulators / internal timelines.
Supervise activities of CARO team members which includes various financial reporting. monitoring of Key Risk Indicators and Key Compliance Indicators, assessment of all Risks and associated control, timely and vetted response of regulatory/ statutory correspondence to Compliance Department for onward submission, facilitation of Operational Risk and Financial Risk walkthrough, Remediation of operational risk issues and control gaps, responses to audit observations.
Design recent processes/ controls to address gaps highlighted by Operational Risk after risk assessment exercise and IAD after audit review.




Review of Policies pertaining to Wholesale Coverage in alignment with the regulatory guidelines
Monitoring the Compliance Risk / Operational risk dashboards / risk movements of assessment units and flagging of the concerns to Head of the Department.
Monitor parameters such as review/ renewals, internal rating, EWS and RFA triggers, pending security creation, etc. and ensure they are done within due dates so that the overdue cases are within the minimum thresholds,
Provide regular updates to Segment Heads and Senior Management on status of implementation of Risk Mitigation Plan advised by RBI through weekly dashboards and bi-monthly RMP meeting with all Department Heads and MANCOM members.

Qualifications
Optimal qualification for success on the job is:
Education (Post Graduation from a reputed University / College)
Experience (15 yrs, Collections, Risk or FCU)
Role Proficiencies:
In-depth knowledge of key drivers and indicators in the relevant sectors
A solid understanding of financial statements, ratios
Understanding of compliance and regulatory norms
Valuable relationship management and robust communication and presentation skill

📌 Rpmg: Compliance And Risk Officer Mumbai
🏢 Axis Bank
📍 Mumbai