SBI Card - Vice President - Business Compliance

Short Description:.

Responsible for managing Regulatory and Statutory Compliance for the business including regulatory examinations and audits.

Role Accountability:.

- Formulate and execute a compliance program including mechanisms to track regulatory risks and policy compliance to provide pro-active Regulatory and Statutory Compliance support to the business.

- Lead the regulatory examinations/inspections/audits by regulatory bodies.

- Identify emerging Compliance trends, including related regulatory and policy issues that may impact the business.

- Sustain the Compliance Operating Model/program for the business by ensuring timely reporting of metrics to internal committees.

- Monitor functional compliance of all functions within the business & timely closure of actionables by functions.

- Support business growth by partnering with business on new product introductions, marketing proposals, customer communications, marketing material etc. to help identify & resolve any Compliance related risks.

- Work with Sales, Risk, Marketing and the other functional teams to ensure their processes & practices are in compliance with local law regulatory requirements, internal company requirements or Corporate policies & procedures.

- Monitor industry compliance activities and other trends (external and internal) through appropriate early warning systems in order to take pre-emptive actions.

- Support the business leadership in driving organizational understanding & adherence to business specific policies & procedures in consultation with Business Compliance Leader.

- Support the business in complying with the various laws and regulations applicable to the Business including but not limited to RBI, SEBI, IRDA, TRAI, UIDAI, FIU-IND etc. & NBFC guidelines and regulations/licenses that may be required to conduct business and/or regulatory requirements and any. other emerging risk areas related to local laws/policies.

- Ensure compliance to statutory requirements for locations pan India including S&E/Trade license registrations, renewals, amendments thereof, CLRA registrations and amendments etc.

- Ensure timely addressal and response on the regulatory/statutory notices received from regulators and statutory authorities.

- Adapt and lead the roll-out and implementation of policies, regulatory excellence and other compliance initiatives, including identifying key Critical-to-Compliance parameters, determining residual risk and improving controls.

- Conduct the Annual Compliance Risk Assessment for the business and present the results to relevant Board Committee and senior management forums.

- Provide periodic certifications to the relevant Board Committees and parent entity on the Compliance status of the business.

- Coordinate with relevant business owners to define gaps/identify and resolve Compliance-related procedural issues and areas of improvement and ensure remediation actions plans are established, implemented and tracked through to closure.