Compliance Advisory Role - Bank

ROLE SUMMARY :

Role holder should have post-qualification experience with very good communication skills, hands on with Credit regulations (Wholesale/ Retail) and compliances thereunder.

KEY RESPONSIBILITIES/ ACCOUNTABILITY :

Strategic/ Managerial Responsibilities :

- Guiding Business Units on Regulatory Compliance for transactions handled by the Bank covering Credit regulations.

Core Responsibilities :

Guidance & Advisory :

- Provides guidance and support to business teams on their queries pertaining to Credit (Wholesale and Retail) regulations/guidelines issued by RBI

- Liaising with RBI for seeking clarification

Product & Process Note Review :

- Review of Product and Process note to ensure that product/ process notes are compliant from regulatory perspective.

- Representing Compliance unit in PPAC Committee Discussion

- Ensures that compliance comments are communicated and discussed with the product owner post internal discussions.

Circular Tracker Implementation :

- Ensure that regulatory guidelines are disseminated within prescribed timelines

- Identification, review of action point and dissemination to stakeholders

- Follow up with stakeholders to ensure that regulatory guidelines are implemented by the relevant unit(s).

- Testing of compliance submitted by stakeholder before the closure of circular action points

Training :

- Provide periodic training on RBI guidelines pertaining to Credit Portfolio

- Devise online training module, periodic updation etc

Audit Committee / Board Submission:

- Ensure preparation and submission of quarterly compliance agenda notes to CS team

- Preparation of Monthly Report on Compliance Activities

- People Management or Self-Management Responsibilities

- Need to interaction with Business Unit / Product Team / Operation Unit

- Need to interact with the middle/senior management of Business Unit/ Product Team/ Operation Unit

- Risk and Internal Control Responsibilities