About the Company
A leading Banking client committed to delivering cutting-edge financial solutions while ensuring compliance with regulatory standards. Their mission is to empower clients through responsible lending practices and foster a culture of integrity and transparency.
About the Role
This role provides advisory support to the Assets & Lending teams on compliance and regulatory matters affecting the Bank's activities in the Advances & Fintech space.
Key Responsibilities
Advise business teams on regulatory and compliance matters, and engage actively to ensure effective implementation of guidelines. Help business teams assess the impact of regulatory changes. Support RBI inspections by coordinating with departments on data requests and ensuring timely submissions. Monitor RBI inspection. Identify and implement policies and processes aligned with current guidelines, and respond to queries from Business, Credit, Operations, and Support functions. Conduct periodic reviews of policies. Provide compliance input on product launches and asset compliance matters.
Advise business and support units on compliance issues arising in operations. Assist with license and registration applications, including document preparation, stakeholder discussions, and submission to RBI. Provide timely information and clarifications when requested by RBI. Prepare compliance-related agendas for Board and Committee meetings, and liaise with senior management and stakeholders. Review responses to complaints received from RBI/Ombudsman, ensuring resolution within TAT. Represent and liaise with regulators to resolve issues affecting business operations.
Qualifications
12–15 years of relevant experience in banking compliance. Professional certification such as CS, CA, MBA, or CAIIB preferred; IIBF certification in compliance or related subjects is a plus.
Required Skills
Regulatory compliance experience specific to Assets (Loans and Advances). Strong knowledge of loan products including MSME