Internal Audit Role - Governance & Control Functions - Compliance/AML/FCU/Vigilance/Risk

Head Office - Internal Audit-Governance & Control Functions (Compliance /AML/FCU/Vigilance /Risk )

Compliance Unit

1. Risk Based Supervision (RBS) submissions

2. Adherence to RBI guidelines and the Bank's Compliance policy

3. Penalties levied on the Bank

4. Tracking and dissemination of regulatory circulars

4. Compliance reviews

5. Query resolution

6. Tracking and follow-up of returns, RBI RBS requirements

7. Compliance training,

8. Business Continuity Plan (BCP)

9. Applications IDs and access management.

Anti Money Laundering

1. Process of structuring, generation and monitoring of the alerts

2. Process of generation, submission and structuring of regulatory returns

3. Negative list updation activity

4. Business Continuity Plan (BCP) and applications IDs and access management

Secretarial Department

1. Compliance with statutes (Companies Act and other regulations of SEBI, RBI, MCA etc)

2. Corporate actions

3. Documentation

4. Information security and conduct of the meetings

Vigilance Unit

Review of regulations, internal policies, processes and controls pertaining to:

a. fraud risk monitoring

b. investigations

c. prevention and mitigation measures

d. returns and reporting

e. applications IDs and access management

Fraud Containment Unit (FCU)

1. Review of the process of generation and monitoring of the alerts

2. Forensic scrutiny of account opening forms and account maintenance instructions

3. Fraud Vulnerability Assessments (FVAs)

4. new account monitoring

5. dispute investigation

6. insurance and investment surveillance

7. GL monitoring and proofing

8. sub-member bank reviews & transaction monitoring

9. Corporate Net Banking (CNB) & Trade on Net (TON) set-up security review

10. Payment fraud reporting under Central Payments Fraud Information Registry (CPFIR) reporting guidelines

11. system controls and information security related controls.

Responsible Banking

1. Review of administration and oversight of the Corporate Social Responsibility (CSR) initiative of the Bank

2. Compliance with statutes (Companies Act and other regulations of SEBI, RBI, MCA etc.