Deputy Chief Manager - Middle Office Group - Banking

Position / Job Title: Deputy Chief Manager - Middle Office Group

Function Risk Management

Department Legal, Compliance and Risk Management

Reporting To (Title) Head - Risk Management

Superior's Superior (Title) Chief Financial Officer (Administrative Reporting) ,Chief Risk Officer

Location Mumbai

1) Job Purpose

The purpose of this job is to manage the limit setting and monitoring activity of all transactions conducted by the Investments team.

2) Dimensions

1 Manpower

2 Data Accuracy

3 Timely completion of limit setting and monitoring activity

4 Monitoring documentation for Structured Transactions

3) Principal Accountabilities

- Limit Setting and Monitoring

- Manage limit setting and monitoring activity based on SEBI regulations and internal policies

- Ensure all SEBI regulation circulars, offer documents (SID) and internal policies are received from the Compliance team on an ongoing basis

- Ensure limits are set and modified in the Quantis system before trade details are entered by the Investment team

- Source offer documents of new schemes on an ongoing basis to set new limits in the Quantis system

- Manage ongoing credit limit setting and monitoring activity based on Credit Policy prepared by Investment Committee

- Assist in environment gathering and UATs for the Quantis system

- Operational control over the Deal closure and disbursement process

- Ensuring compliance of pre disbursal terms and conditions in line with internal credit policies. Documentation as per prevailing legal requirement and practice. (security documentation, Rollovers)

- Checking of Security/Transactional documents which are to be in line with approved formats

- Daily updation of credit related systems to include various credit related information related to documentation like Customers limit, Deferrals on basis of Credit Appraisal Note etc

- Preparation and tracking of various MIS reports as per internal and regulatory reporting requirements

- Management of Breaches

- Categorize breaches as hard, soft manual and soft based on severity of the breach and set up related conditions/ criteria in the Quantis system

- Prioritize soft manual breaches based on the time-bound nature of the trade

- Provide excel working and reasons related to soft manual breach as it requires a manual intervention from the MoG team

- Coordinate with Compliance team for authorization of exceptions on Quantis system to reset limit for transactions that meet soft manual breach conditions

- Discuss rejected deals with Compliance team to ensure all options have been considered before rejecting a transaction

- Stakeholder Management.

- Actively supporting the credit and risk functions by providing feedback for improving the portfolio with industry and market inputs

- Advising concerned stakeholders on issues, wherever necessary, pertaining to discrepancies in credit approval conditions

- Ensuring adherence to the standards & complying with all the audit requirements

- Maintaining Document Safe Keeping Records of each customer

- Documentation and Checks for Structured Transactions

- Interact with trustees in Structured Transactions to collect collaterals (secured assets) that can be used as guarantee/ security cover

- Conduct checks on deal execution documentation, and provide legal opinion and internal approvals

- Ensure all pre disbursement and post disbursement condition checks are complete as per the agreed terms

- Ensure complete and accurate information of each transaction is received in a timely manner e.g. valuation of property

- Conduct quarterly checks of all secured assets of ongoing structured transactions

- Conduct periodic checks on financial standing of brokers empanelled for BSLAMC

- Collect and keep records of solvency certificates provided by the brokers

- Policy Monitoring and Reporting

- Conduct checks on inter scheme policy pricing and IRS on an ongoing basis

- Ensure primary CPD documentation is within limits checks

- Coordinate with Risk, Investment Committee and Investment team for all internal policy changes and updates

- Prepare quarterly reports for Risk, Investment Committee and Investment teams

- Prepare reports on ratings, settlement, credit limit status and incremental exposure for CEO and Compliance Risk Offer on a quarterly basis

- Prepare Compliance Test Report and complete certification process for Investment Committee

- Have SMT discussions on breaches, limit changes and escalations on an ongoing basis

- Team Management

- Support in interpretation and prioritization of work, and review work on an ongoing basis

- Coach and provide technical guidance to team members on an ongoing basis

- Undertake regular performance reviews of team members