Compliance: Product Compliance Advisory
Vice President
Job Description
About Compliance:
The Compliance department assists the Board and Top Management in managing the compliance risk, i.e. 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, Reserve Bank of India Act, etc. as well as the regulatory guidelines issued from time to time and the Bank's internal policies and fair practice code.
About the Role:
- Product Compliance Advisory Official - Assessing and dissemination of actionables emanating from new guidelines and ensuring implementation by the respective Business units of the Bank.
- Responsible to track and ensure approval of any new/review of existing Policy/Internal circulars/Product note/Change Management note & 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
- Co-ordinate with the respective stakeholder and ensure that proper controls are put in place to mitigate the compliance risk,
- Monitoring compliance risk using various tools (e.g. Key Compliance indicators, etc.)
- Monitoring and tracking of Regulatory Observations emanating from IAD/ CTG/ other sources.
Key Responsibilities:
- Understanding all Regulatory (RBI, NPCI) and Bank's internal guidelines pertaining to Cards specifically Debit Cards, PPI, Payments, Outsourcing (Financial and Information Technology) and ensuring Bank's compliance as per said guidelines.
- Analysing impact of Regulatory Circulars/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)
Qualifications:
Optimal qualification for success on the job is:
- Qualified CA / Qualified CS / MBA from a recognized institute
- Banking experience (Branch Banking / Compliance) is desirable
- Knowledge of Banking products is must
Role Proficiencies:
For successful execution of the job, the candidate should possess the following:
- Good communication (both verbal and written) and inter-personal skills
- Excellent communication skills in English are a must, including the ability to summarize findings in a clear and concise manner
- 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
#ComeAsYouAre We are dil se open. Women, LGBTQIA+ and PwD candidates of all ages are encouraged to apply
