Assistant Vice President - Compliance - Retail Liabilities

Location: Mumbai

Key Responsibilities:

Regulatory Adherence / Implementation:

- Supervising dissemination of actionable 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 Retail product Journeys

- Approval of any new/ review of existing Policy/ Internal circulars/ processes upon ensuring all regulatory/internal guidelines have been complied with.

- Handling of Advisory related to Compliance with Regulatory Guidelines on Retail Liability Compliance, Branch Banking & Customer Service and other related guidelines.

- Connecting with regulators/ peer banks to seek clarification/ benchmark process followed in the bank (wherever required)

- Testing of regulations / processes/ controls when required.

- Providing relevant inputs for preparation of presentations / dashboards for senior management

- Co-ordinate with the respective stakeholder and ensure that proper controls are put in place to mitigate the compliance risk,

- Vetting of Bank's Policies, internal circulars, manuals, validation of forms from the compliance perspective, validating internal controls with various Codes

- Vetting of responses / compliance to be submitted to regulators / agencies provided by the business departments / stakeholders.

- Monitoring compliance risk using various tools (e.g. Key Compliance indicators, etc.)

- 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 review of PMC/CMC notes in line with relevant applicable regulations /internal policies.

- Assisting RBI Compliance Team for onsite inspection (wherever required)