The official is responsible for providing compliance advisory support and overseeing compliance risk management for Retail Lending & Retail Credit Risk.

Key Responsibilities:

Regulatory adherence / monitoring implementation:

- Assessment of applicable regulatory guidelines and identifying the actions emanating from these guidelines

- Ensuring that changes in applicable regulatory guidelines are promptly disseminated, along with actionable to the concerned business units / departments for implementation

- Driving timely implementation of regulatory changes across assigned business, risk and support units

Compliance Advisory / Consultative Role:

- Being trusted & learned advisor - Advising business units on processes / controls from compliance standpoint to ensure adherence to applicable regulatory guidelines and Providing clarification on any compliance related issues and monitoring of resolution thereof

- Engaging with regulatory authorities to facilitate discussions and/or seek specific guidance on critical matters including interpretation of regulatory guidelines

- Reviewing new products / change in product features, as a part of PMC/CMC, to be in alignment with applicable regulatory guidelines

- Review of policies / internal circulars or guidelines from compliance perspective, and Challenge constructively & provide guidance to business and/or product teams

- Driving Compliance Culture & Conduct through various measures incl. through assistance in development and administration of compliance training to business & support units

- Assisting and/or Advising Business in compliance of supervisory observations in both letter and spirit, in timebound and sustainable manner

Compliance Monitoring / Risk Assessment:

- Driving an effective compliance risk management program through formulation of policies, review of relevant MIS and timely escalation of issues

- Consistently monitoring the effectiveness of processes / controls through Key Compliance Indicators (KCIs), Compliance testing

- Identifying non-compliance / regulatory breaches through various sources like RBI RAR, Internal Audit, Operational Risk Reports, Compliance Testing etc., and Advising business in carrying out root cause analysis and remediation plan

- Conducting annual compliance risk assessment and identifying critical units / focus areas for mitigation of compliance risk

- Regular meetings with the business unit heads to discuss compliance matters / open issues

- Be a learned leader in supporting compliance testing team and RBS compliance team for driving compliance agenda, and conducting testing of regulations / processes/ controls whenever required

Reporting to Board / ACB / Governance forums:

- Reporting and Updating the Board / Audit Committee of the Board on important regulations, regulatory developments and non-compliances / regulatory breaches observed in assigned businesses

- Participating in governance forums to advise business from compliance standpoint

Qualifications

Chartered Accountant, Company Secretary, MBA / Postgraduate with banking background

Role Proficiencies:

For successful execution of the job, a candidate should possess the following:

- Knowledge and expertise on regulatory matters related to Retail Lending and Products therein

- Good analytical skills and having eye for detail, with efficient and quick decision making

- Excellent written and verbal communication

- Strong inter-personal skills to work collaboratively with people across all levels of organization

- Excellent project management and organizational skills and capability to handle multiple tasks

- Leadership, Talent development and People Management

- Networking with the Industry players and adopt best practices and understanding.