Compliance:BUCG - Retail Assets Team

About Compliance

The Compliance department assists the Board and Top Management in managing the compliance risk, that is, the

risk of legal or regulatory sanctions, financial loss or reputational loss that the Bank may suffer as a result of its

failure to comply with the applicable laws, regulations or code of conduct applicable to banking activities. It

ensures strict observance of all statutory provisions in various legislations such as Banking Regulation Act,

Foreign Exchange Management Act, Prevention of Money Laundering Act, Reserve Bank of India Act, etc. as well

as the regulatory guidelines issued from time to time, the standards and codes prescribed by BCSBI, FEDAI,

FIMMDA, etc. and also the Bank's internal policies and fair practice code

About the Role

The BUCG - Retail Assets team is responsible for managing the compliance risk management activities of retail

assets / operations and cards covering dissemination of regulatory guidelines, annual compliance risk

assessment, product / policy reviews, evaluating the existing processes / controls, carrying out root cause

analysis, devising remedial action plan and reporting to the board.

Key Responsibilities

Regulatory Adherence / Implementation:

. Understanding of regulatory guidelines / changes in guidelines issued by regulators from time to time

and identifying the actionables emanating from the guidelines.

. Ensuring that the regulatory guidelines / changes in guidelines are promptly disseminated, along with

actionables, to the concerned business units / departments for implementation.

. Monitoring the implementation of the guidelines.

Advisory / Consultative Role:

. Advising business units on designing of processes / controls to ensure adherence to the regulatory

guidelines.

. Vetting of new products / change in product features, as a part of PMC/CMC, to be in alignment with the

regulatory guidelines.

. Review of Policies / internal guidelines from compliance perspective, before being disseminated to the

units for implementation.

. Providing pro-active and consultative advisory services to the business units on compliance matters in a

manner consistent with applicable guidelines.

Monitoring / Assessment :

. Consistently monitoring the effectiveness of processes / controls through Key Compliance Indicators

(KCIs), compliance testing.

. Identifying the non-compliance / breaches through various sources like RBI RAR, Internal Audit, Operational Risk Reports, etc., carrying out root cause analysis and devise remedial action plan in co-ordination with the business unit. . Conducting annual compliance risk assessment, assess the residual risk and identify the critical units / areas to be focused for mitigation of compliance risk. . Regular meetings with the business unit heads for discussing the compliance matters / open issues. . Constant monitoring of open actionable for closure / implementation. Reporting to Board / ACB : . Reporting and Updating the Board / Audit Commitee of the Board on important regulations and non-compliances / breaches observed in various areas.

Qualifications

Optimal qualification for success on the job is:

MBA / Postgraduate with Banking background

Role Proficiencies:

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

. Good communication (both verbal & written) and inter-personal skills

. Strong Excel and database manipulation skills, financial and statistical analysis skills)

. Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment

. Ability to prioritize and make decisions in a fast-paced environment

. Ability to work as a part of team and contribute towards team goals

. Ability to manage multiple tasks/projects and deadlines simultaneously