Junior Vice President - Compliance - BFSI

JVP - Compliance

Roles & Responsibilities:

- Lead end to end regulatory inspections conducted by regulatory authorities like RBI.

- Interfacing with RBI on various supervisory requirement.

- Managing RBI inspections and follow up on submissions required to be done to RBI.

- Providing advice (mainly on matters pertaining to compliance) to internal stakeholders on handling regulatory queries/ ad-hoc submissions.

- Dissemination and tracking of regulatory inspection report issued by regulators.

- Ensure timely closure and follow up of various observations pointed out by regulators.

- Review of regulatory circulars and press releases, analyze its impact and/or opportunities arising for the business and disseminate the same to senior members of the business units. Tracking of implementation status of such advisories / regulatory directions.

- Managing good relations with external parties such as regulators, and external counsels, if needed on case to case basis.

- Liaison with management committee members of the company and other internal stakeholders and ensure all regulatory and other Board related submissions by internal stakeholders are made in timely manner.

- One world Center, 19th Floor, T2A-T2B, Senapati Bapat Marg, Lower Parel, Mumbai -400 013.

- Prepare presentations on compliance related updates for the Board

- Keep abreast of regulatory developments within or outside of the company as well as evolving best practices in compliance control

- Supervise and advise inspection handling team

- Strict monitoring of all correspondences with the Regulator and ensure that responses to regulatory authorities are properly submitted within the stipulated period of time

- Thought leadership with RBI

- Assist Business Units in their day to day data requirements and queries raised by regulator

Qualification/Experience and Skills:

- CA, or CS or Graduate in law from a reputed Institute.

- Relevant functional experience in handling Department of Supervision of RBI and on-site regulatory inspections

- 14+ years post qualification experience with a reputed medium / large financial institution or a Bank;

- Executive presence and assertiveness.

- Self-starter, ability to work independently, handle ambiguous situations and exercise judgement in variety of situations.

- Strong communication, organizational, verbal & written skills.

- High degree of responsibility and ownership, strong multitasking, coordination and tenaciously looking for ways to get results.

Essential Competencies:

- Good co-ordination skills

- Eye for details and good interpretation skills

- Excellent drafting skills

- Good command over English and deep understanding of various Acts & Rules - Ability to understand issues from business perspective in order to align it with the requisite regulatory requirements.

- Highly ethical, proactive, self-motivated and solution oriented person

- Able to work effectively with people at all levels