Assistant Vice President/Deputy Vice President/Vice President - Business Unit Compliance Officer

Role Overview:

- Ideal candidate should possess sound Business acumen and Business understanding of All client segments and product units within Wholesale Banking domain (Large & Mid-Corporates, Financial Institutions, Government Institutions, and Multinational Corporates, Transaction Banking, Project Finance, and Loan Syndication) and must have a flair for governance and control.

- Be a one point contact to provide on ground support to business/ product/operations teams on their queries pertaining to RBI regulations.

- Works as a bridge between Business and Central compliance team for effective implementation of regulatory guidelines.

- Ensure timely submission of Business data sought for regulatory compliances.

- Review of the response to regulatory correspondence and ensure timely submission of responses.

- Ensure timely closure of pending open issues and verification of evidences to ensure that the open points are closed adequately.

- Ensure timely submission of product and process notes for approval of Product and Process Approval Committee.

- Ensure timely reporting and booking of losses due to operational risk events.

- Ensure timely reporting of frauds/notices from Law Enforcement Agencies.

- Conduct Root Cause Analysis (RCA) and implementation of risk mitigation measures for High and Significant operational risk events.

- Ensure timely review and comprehensive submission of Business Continuity Plan and conducting Business Continuity testing as per the scheduled plans