Associate Vice President - Credit Compliance - Bank

Job Role : AVP-Credit Compliance- Bank

Location : Mumbai

Job Description :

- Responsible for discharge of compliance function with respect to issues pertaining to SBB/CBG/Retail Operations/CBO/ Credit Risk

- Understanding all Regulatory and Banks internal guidelines pertaining to Corporate Credit (including MSME/ SBB) and ensuring Bank's compliance as per said guidelines

- Analysing impact of Regulatory Circulars /Directions/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)

- Assisting in RBI Inspection process & closure of RAR Report

- Fair/'hands on' idea of CBS/ some of the softwares used in conduct and administration of corporate credit business in the Bank and co-ordination with IT to understand and facilitate system changes/ technological initiatives with respect to credit issues and solution.

Key Result Areas :

- Supervising dissemination of actionables 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 corporate credit business.

- Approval of any new/review of existing Policy/ Internal circulars/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

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

- Assisting RBI Compliance Team for onsite inspection and co-ordinating with Business for meeting Offsite Data requirements

- Dissemination of RAR Report to Businesses, closure of open issues in RAR and RMP.