IT Compliance
About the Job
The expectation and primary responsibility of this position is to ensure strict adherence to
regulatory and statutory guidelines, circulars and IT Compliance Mandates. The ideal candidate
will have good knowledge of RBI Circulars and the role focuses on managing IT compliance
operations, ensuring regulatory adherence, and supporting the development and implementation of
compliance frameworks.
Key responsibilities include:
• Regulatory Compliance Management for IT Stay updated and ensure compliance with RBI
Master Directions, CSITE Guidelines, SEBI directives, etc.
• Liaison with Regulatory Bodies Serve as the primary contact for routine interactions with
regulatory bodies (RBI, SEBI, NPCI) for IT compliance and related matters.
• IT Policy and Framework Implementation Assist in the development and periodic review
of IT compliance frameworks, policies, and SOPs in alignment with RBI and SEBI
mandates.
• Risk Management and Assessment Conduct IT compliance risk assessments; identify and
mitigate vulnerabilities in the Banks IT landscape.
• Audits and Inspections Coordinate, oversee, and prepare documentation and responses for
regulatory inspections and audits.
• Reporting and Documentation Prepare periodic compliance reports for senior management
and regulatory bodies.
Maintain accurate records and documentation related to IT
compliance, audits, and inspections.
• Information Security Management System (ISMS) Support the implementation of robust
ISMS practices across the bank.
• Compliance Risk Assessment System Be a part of the implementation and ongoing
maintenance of the Bank-wide Compliance Risk Assessment system.
• Evaluation of Risk Assessments Evaluate the adequacy and comprehensiveness of risk
assessments performed by the first line of defense.
Job Requirements
The candidate should possess the following attributes:
• Graduate with 58 years of work experience in banking IT compliance teams or IT assurance
roles (e.g., audits).
• Knowledge of compliance risk and its assessment.
• Good understanding of key regulatory requirements like RBI & SEBI directives and
mandates.
• Hands-on experience with compliance risk assessments and regulatory audits.
• Positive Communication proficiency Verbal and Written.
• Certifications like CISA, CISM, or CISSP would be an added advantage.
Preferred Qualifications:
• Experience working in the BFSI Sector
• Experience with regulatory interactions and front-ending inspections.