Role description

About the Role

India's banking sector is undergoing rapid AI adoption — from credit scoring and fraud detection to customer service automation and liquidity management. In August 2025, the Reserve Bank of India published the FREE-AI (Framework for Responsible and Ethical Enablement of Artificial Intelligence) report, establishing seven guiding 'Sutras' and 26 recommendations across six strategic pillars for all regulated entities. Simultaneously, the Ministry of Electronics and IT (MeitY) released national AI Governance Guidelines in November 2025 under the IndiaAI Mission.

Large private sector banks — already at the frontier of AI deployment — now face a dual mandate: accelerating AI-driven innovation while demonstrating board-level accountability for model risk, algorithmic fairness, explainability, and DPDP Act 2023 compliance. The Head of Responsible AI will be the internal authority who translates regulatory expectation into operational governance, and who builds trust with the RBI, customers, and the Board.

Competency Framework

1.



Regulatory & Policy Fluency

Deep understanding of the RBI FREE-AI framework, DPDP Act 2023, SEBI AI guidelines, and MeitY AI Governance Guidelines. Ability to anticipate regulatory evolution and position the bank ahead of compliance deadlines.

Can map all 26 FREE-AI recommendations to existing bank processes

Leads RBI inspection readiness for AI/ML models

Tracks SEBI, IRDAI, and CERT-In AI-related advisories proactively

Engages with regulator-industry working groups (e.g., RBI Innovation Hub)

2. AI/ML Technical Grounding

Sufficient technical depth to evaluate model architecture, training data quality, fairness metrics, and explainability methods — without necessarily being a hands-on data scientist.

Evaluates XAI outputs (SHAP, LIME) and can explain them to non-technical audiences

Identifies bias in training data (demographic, historical, proxy)

Reviews model cards and datasheets for completeness

Unde

📌 EAIG:Head – Responsible AI (Mumbai)
🏢 Axis Bank
📍 Mumbai