Job Description – Regulatory Compliance Manager

Job Summary-

We are looking for a Regulatory Compliance Manager to manage regulatory and supervisory requirements within the banking/financial services environment. The role will be responsible for tracking and interpreting regulatory circulars and instructions, coordinating their implementation across relevant departments, monitoring compliance obligations, and ensuring timely responses to regulatory requirements.

The role will also involve managing the Compliance Monitoring Tool (CMT), preparing compliance reports and dashboards, and supporting regulatory inspections, audits, and supervisory reviews.

Key Responsibilities

1. Regulatory ManagementTrack and monitor RBI regulatory and supervisory circulars, instructions, and notifications.

- Interpret regulatory requirements and assess their applicability to relevant business and support functions.
- Disseminate regulatory instructions to respective departments with clear guidance on applicability and implementation timelines.
- Maintain a centralized repository of regulatory circulars and monitor implementation status.
- Prepare compliance updates/notes for ACB and Board-level reporting.
- Track action items arising from Board/Committee meetings and follow up with relevant stakeholders for timely closure.
- Act as the nodal point for the RBI DAKSH Portal.
- Monitor RBI alerts, observations, directives, and data requests and coordinate with internal departments to ensure timely and appropriate responses.
- Support regulatory inspections, audits, and supervisory reviews.

2. Compliance Monitoring Tool (CMT) ManagementManage and administer the Compliance Monitoring Tool (CMT)



or equivalent compliance system.

- Monitor compliance obligations and ensure timely closure by respective departments.
- Track periodic compliance certifications submitted by departments.
- Generate MIS, dashboards, exception reports, and compliance status reports for senior management and Board Committees.
- Coordinate with IT/support teams for system enhancements and issue resolution.
- Maintain proper records of regulatory submissions, acknowledgements, communications, and compliance evidence for audit and inspection purposes.

Required Skills & Competencies

- Strong understanding of RBI regulations and banking compliance frameworks.
- Knowledge of AML/KYC regulations and banking laws.
- Solid regulatory interpretation and compliance monitoring skills.
- Excellent stakeholder coordination and follow-up skills.
- Ability to translate regulatory requirements into clear and actionable guidance.
- Strong documentation and report-writing skills.
- Good MS Excel and MS Word proficiency.
- Experience working with compliance monitoring tools/systems.
- Strong communication and presentation skills.
- High attention to detail and a strong governance and compliance mindset.

Eligibility & Experience

- Bachelor's degree in Finance, Business Administration, or a related field.
- 5–8 years of experience in:
- Regulatory Compliance
- Banking Compliance
- Compliance Testing
- Internal/Regulatory Audit
- Risk Management
- Experience should preferably be within Banking or Financial Services.
- Strong understanding of RBI guidelines, AML/KYC norms, and other applicable banking regulations.
- Professional certifications such as CCEP, CRCM, or ICA will be preferred.

📌 Regulatory Compliance Manager – Banking (Mumbai)
🏢 Saraswat Bank
📍 Mumbai