JD for SVP1 - Corporate Credit Compliance |
Job Description | - Responsible for discharge of compliance function with respect to issues pertaining to WCG/ CBG/ CBO/ Credit Risk/SBB
- Understanding all Regulatory and Bank's internal guidelines pertaining to Corporate Credit (including MSME/ SBB) and ensuring Bank's compliance as per said guidelines
- Analysing impact of Regulatory Circulars /Directions/Notifications issued by RBI/ any other regulator and inform the Senior Management about the Compliance Risk emanating if the guidelines are not implemented within the Regulatory timelines as prescribed by the Regulator.
- Partnering with Business Departments on various aspects of Regulations applicable to their Business and providing them solutions on matters referred by them in new and existing products and processes.
- Tracking the implementation in coordination with Business teams (wherever required)
- Assisting in RBI Inspection process & closure of RAR Report
- Fair/hands on idea of CBS/ some of the softwares used in conduct and administration of corporate credit business in the Bank and co-ordination with IT to understand and facilitate system changes/ technological initiatives with respect to credit issues and solution.
|
Key Result Areas | - Supervising dissemination of actionables emanating from new guidelines and ensuring implementation by the respective Business units of the
Bank - Strict monitoring through the systems/ tools available in the department of various issues relating to corporate credit business.
- Approval of any new/review of existing Policy/ Internal circulars/processes after ensuring all regulatory/internal guidelines have been complied.
- Handling of Compliance related queries and approvals.
- Submission of speaking points/Action taken report etc. for various committees like Audit Committee of Board /MD Dashboard etc.
- Testing of regulations / processes/ controls when required
- Providing relevant inputs for preparation of presentations /Dashboards
- Testing Processes related to Observations/Regulatory line items of RBI and closure of Testing reports.
- Monitoring and tracking of Regulatory Observations emanating from IAD/ CTG/ other sources
- Approval and Testing of PMC/CMC notes in line with relevant applicable regulations /internal policies. Assisting RBI Compliance Team for onsite inspection and co-ordinating with Business for Offsite Data requirements
- Dissemination of RAR Report to Businesses, closure of open issues in RAR and RMP
|
Competencies Required | - Advanced level Understanding of proceses involved in corporate credit, viz. sourcing, appraising, monitoring, recovery, restructuring etc.
- Ability to apply concepts to practical scenarios/ issues
- Fair/hands on idea of CBS/ some of the softwares used in conduct and administration of corporate credit business in the Bank
- Advanced level understanding of regulations/ guidelines for Corporate Credit, Income Recognition and Asset Classification, Provisioning, Stressed Assets Resolution, Transfer of Credit Risk etc.
- Excellent Interpersonal and communication skills
- Excellent spoken & written (Drafting) English skills
- Proficiency & command in Excel, Word & PPT etc.
|
Educational Qualification | M.B.A in Banking Finance / CA |
Experience | 13 to 16 years of which atleast 8 years incorporate credit compliance, credit risk, credit underwriting, corporate lending or compliance roles within banking or financial institutions |
