Strategic/ Managerial Responsibilities Guiding Business Units on Regulatory Compliance for transactions handled by the Bank covering Credit regulations.
Core Responsibilities
- Guidance & Advisory
- Provides guidance and support to business teams on their queries pertaining to Credit (Wholesale and Retail) regulations/guidelines issued by RBI
- Liaising with RBI for seeking clarification
- Product & Process Note Review
- Review of Product and Process note to ensure that product/ process notes are compliant from regulatory perspective.
- Ensures that compliance comments are communicated and discussed with the product owner post internal discussions.
- Circular Tracker Implementation
- Ensure that regulatory guidelines are disseminated within prescribed timelines
- Identification, review of action point and dissemination to stakeholders
- Follow up with stakeholder to ensure that regulatory guidelines are implemented by the relevant unit(s).
- Testing of compliance submitted by stakeholder before closure of circular action points
- Training Devise online training module , periodic updation etc
- Audit Committee / Board Submission
- Ensure preparation and submission of quarterly compliance agenda notes to CS team
- Preparation of Monthly Report on Compliance Activities
- People Management or Self-Management Responsibilities Need to interaction with Business Unit / Product Team / Operation Unit
- Need to interact with the middle/senior management of Business Unit/ Product Team/ Operation Unit
- Risk and Internal Control Responsibilities
KEY INTERACTIONS
- Key Internal Interactions Purpose of Interaction
- Business Unit / Product Team and Central Compliance Team For Guidance and support to Business Teams / Product Team / Operation team on their queries pertaining to Credit regulations/guidelines issued by RBI.
- Key External Interactions Purpose of Interaction
- Interaction with RBI for seeking clarification / guidance
KNOWLEDGE & EXPERIENCE
- KNOWLEDGE Minimum Qualifications CA/CS/CMA/LLB
- Skilled Certifications CA/CS/CMA/LLB
- Years of Experience 5-10 Years
- Nature of Experience Preferably have worked in Credit (Wholesale/ Retail) advisory in a Bank (Compliance department or Business Compliance)