AVP - Risk Based Supervision Tranche Reporting - Bank

AVP - RBS Tranche Reporting

Compliance with Risk Based Supervision (RBS) obligations:

- Timely submission of RBS Tranche reports

- Keep abreast of developments under the RBS framework and ensure Bank's compliance with these obligations

- Provide oversight and check and challenge on data submitted by the Bank under RBS framework

- Plan, design and execute testing of data points of RBS Tranche III as expected of Compliance function

- Agree findings of such reviews with relevant stakeholders and issue reports

- Track closure of issues highlighted during such reviews

- Efficiently manage data requests from SSM office and handle queries

- Handling of on-site and off -site RBS Inspections

- Co-ordination for timely submission of information demand of SSM team

- Ensure periodic updates of Inspection to Senior management

- Participation in the inspection meetings and providing Compliance inputs

- Co-ordinate the dissemination of the draft and final inspection reports with various stakeholders

- Seek periodic update on progress made on issues highlighted in the final report

- Provide periodic update on open actionable to governance forums such as EXCO and Control Forum

- Check and challenge responses provided by stakeholders and submit the final responses to SSM team

- Manage implementation of new regulatory initiatives pertaining to compliance and communicate regulatory requirements to the all stakeholders

- Managing and monitoring of dissemination of regulatory guidelines / circulars to stakeholders

- Perform conformance testing to ensure embedment of regulatory guidelines

- Ensure orderly management of circular tracker and escalate circulars which have not been complied with

- Ensuring adequate liaison ad collaboration with regional stakeholders on group requirements for Examinations

Compliance Risk Reviews:

- Design and implement the Compliance Risk review (CRR) on an annual basis

- Refresh the CRR on an on-going basis to ensure it reflect current risk environment

- Plan and execute Compliance Risk reviews / Verification Checks on a periodic basis

- Issue reports basis the reviews performed and agree remediation steps with Stakeholders

- Monitor actionable and provide periodic updates on open issues to Governance Forums

- Perform second line of defense testing on conduct risk controls as embedded by the first line of defense

What we're looking for:

- In-depth knowledge and understanding of the regulatory requirements across the functional areas.

- Robust understanding of the various products and services offered by a Scheduled Commercial Bank with focus on RBI regulatory framework

- Post graduate qualification (Graduate/CA/CS/MBA/LLB) and relevant experience commensurate with AVP role gained in the legal or compliance departments of an international investment bank or large domestic institution.

- Strong knowledge of Indian business environment.

- Ability to work closely with other functions to find both technical and procedural solutions.

- Quick thinker with ability to understand complex transactions and explain compliance issues clearly and concisely.

- Ability to learn quickly.

- Ability to take independent decisions and guide business as well as to handle areas of difference with business and escalate.

- Ability to perform independent reviews focused on regulatory requirements and conduct risk controls.

- Detail oriented, strong team player with a proven track record

Skills that will help you in the role:

Commercial Effectiveness: Including client and conduct focus and commerciality.

Control Environment: Including risk management.

Business Skills: Including delivery of solutions and decision making.

Management & Leadership: Including people development.

Personal & Interpersonal Skills: Including communication, influence and collaboration.

Technical Knowledge.

Desirable skills/Preferred Qualifications:

- Candidates having prior experience in the Compliance function of Bank will be preferred

Where will you be working?

Mumbai