Compliance:BUCG - Retail Assets Team

Grade:

SVP-1 / Senior Vice President-1

Business:

Corporate Centre

Department:

Compliance

Sub-Department:

Retail Lending & Bharat Banking Compliance Advisory

Location:

Mumbai

About Compliance

Compliance department assists the Board and top management in managing the compliance risk arising out of regulatory sanctions, financial loss or reputational loss that the Bank may suffer on account of its failure to comply with the applicable regulations or code of conduct applicable to banking activities. This entails adherence to guidelines issued by regulators (Reserve Bank of India, Securities and Exchange Board of India etc.), statutory provisions under various legislations (such as Banking Regulation Act, Foreign Exchange Management Act, Prevention of Money Laundering Act etc.) as well as the standards and codes prescribed by IBA, FEDAI, FIMMDA, etc. This also requires adherence to Bank's internal policies including Code of Conduct.

AbouttheRole

The official is responsible for supervising the compliance advisory and compliance risk management forRetail Lending and Bharat Banking segment(s).

Key Responsibilities

Regulatory adherence / monitoring implementation:

.Responsible for discharge of compliance function with respect to the issues pertaining to the assigned business & support units

.Comprehensive Assessment incl. impact analysis of applicable regulatory guidelines and advising senior management about the compliance risk

.Supervising the dissemination of actions emerging from the changes in applicable regulatory guidelines or new regulatory guidelines, and, Partnering with business in timely implementation thereof across assigned business, risk and support units

Advisory / Consultative Role:

.Being trusted & learned advisor - Partnering with business units on processes / controls from compliance standpoint to ensure continued adherence to applicable regulatory guidelines and working with them for solutions to mitigate the compliance issues

.Engaging with regulatory authorities to facilitate discussions and/or seek specific guidance on critical matters incl. interpretation of regulatory guidelines and/or to seek regulatory approvals as needed

.Approving post comprehensive review of new products / changes in product features, as part of PMC/CMC, to be in alignment with the regulatory guidelines

.Approving post comprehensive review of policies / internal guidelines or internal circulars from compliance perspective, and Challenge constructively & provide guidance to business and/or product teams

.Driving Compliance Culture & Conduct through various measures incl. through assistance in development and administration of compliance training to business & support units

.Partnering with Business in compliance of supervisory observations (RAR / RMP) in both letter and spirit, in timebound and sustainable manner

.Assisting RBI Compliance team and business teams with regulatory enquiries / examinations

Monitoring / Assessment:

.Driving an effective compliance risk management program through formulation of policies, review of relevant MIS and timely escalation of issues

.Supervising the identification of non-compliance / regulatory breaches through various sources like RBI Inspection, Internal Audit, Operational Risk Reports, Compliance Testing etc., and partnering with business in carrying out root cause analysis and on remedial action plan

.Supervising the annual compliance risk assessment and driving the mitigation of compliance risk

.Leading meetings with the business unit heads to discuss compliance matters / open issues

.Leading the periodic testing or review of regulations compliance / processes / controls

.Be a learned leader in supporting compliance testing team and RBS compliance team for driving compliance agenda

.Support the team during regulatory inspections and external audits

Reporting to Board / ACB / Governance Forums:

.Reporting and Updating the Board / Board Audit Committee / Senior Management on important regulations and non-compliances / breaches observed in assigned businesses

.Participating in governance forums to advise business from compliance standpoint

Qualifications

Chartered Accountant, Company Secretary, MBA / Postgraduate with banking background with job experience of 13-16 years, particularly in credit risk / credit compliance / credit underwriting roles across retail and/or corporate banking

Role Proficiencies:

For successful execution of the job, a candidate should possess the following:

.Advanced level understanding on credit compliance / credit risk management / credit underwriting / credit monitoring, with advanced level understanding on regulatory matters related to retail and/or corporate lending

.Strong analytical skills and having eye for detail, with efficient and quick decision making

.Excellent written and verbal communication skill

.Excellent inter-personal skills to work collaboratively with people across all levels of organisation

.Excellent project management and organizational skills and capability to handle multiple tasks simultaneously

.Leadership, Talent development and People Management

.Networking with the Industry players and adopt best practices and understanding.

AboutAxis Bank

Incorporated in 1994, Axis Bank is one of India's most trusted banks & the third largest in the private sector. At Axis Bank, customer centricity has always been the foundation of our business. Our efforts to address the requirements of a diverse customer cross-section are powered by robust infrastructure, advanced technology, a comprehensive monitoring & control framework & a large talent pool.

The Bank has a young & engaged workforce of over 90,000+ employees, with an average age of 30 years. We are an equal opportunity employer & believe in empowering our employees by offering rich roles, learning opportunities & flexibility to chart their career, their way.