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10/11 Shabana Khan
Recruitment Consultant at Banking & Insurance

Views:258 Applications:37 Rec. Actions:Recruiter Actions:6

Team Lead/AVP - Payment Systems & Digital Banking (8-15 yrs)

Kolkata Job Code: 1178359

Team Lead & AVP - Payment Systems and Digital Banking.

Job Role/Title : Team Lead - Payment Systems and Digital Banking.

Department : Compliance

Grade/Designation : Assistant Vice President

Location : Head Office, Kolkata

Reports To (Role) : Group Compliance Head - Liabilities


- The Team Lead will entail the role of managing a team in the areas of regulatory compliance of Payment Systems and Digital Banking.

- The role will require subject matter knowledge in the various payment system products and processes as envisaged by RBI and other sectoral (quasi) regulators like NPCI etc.

- The Team Lead will also be responsible for understanding, disseminating and advising regulatory compliance on Digital Banking platforms viz. Internet and Mobile banking, Payment System Operators etc.


- Ensure the Compliance framework related Payment System and Digital Banking is implemented in the Bank, including implementing and rolling-out the applicable Compliance policies, procedures and instructions to ensure that all products and services are in compliance with all applicable policies and regulations.

- Review guidelines and prepare accurate actionable items for the purpose of dissemination to Departments with defined timeline.

- To monitor timely adherence to the guidelines and advise and co-ordinate on the regulatory requirements and be the primary point of contact for all regulatory compliance.

- Conduct Compliance Testing as per the approved compliance testing plan and ensure adequate scope covering the regulatory and operational requirements

- Undertake periodic, risk based, Compliance testing/monitoring to ensure the Bank's policies and procedures are being complied with and escalates to management significant non-compliance including reviews of existing / new products and services in line with product program / construct and identify / highlight critical high risk areas within the Bank and provide general guidance to staff through compliance advisories.

- To ensure all regulatory correspondences pertaining to the area defined are actioned immediately on receipt and escalated timely for any non-submission.

- To ensure all relevant Policies are in place and conduct annual review or as and when required based on regulatory advice.

- To review processes being placed to the Product and Change Management Committee (PCMC) and ensure all regulatory aspects are covered.

- To monitor and track timely submission of Regulatory Returns.

- Prepare agenda notes for Board/Board Level Committees as and when required

- To train team members in order to perform key compliance activities in line with Banks policies and regulatory framework.

- To take appropriate actions / controls around the concerns highlighted by the RBI, during RBI onsite inspection to check and validate various data points


To perform the job successfully, an individual must be able to perform each activity satisfactorily. The requirements listed below are representative of qualification, knowledge, skill and/or ability required.


- Graduates / post graduates with strong knowledge of Banking/Financial sector and expertise in Payment System and Digital Banking

- Certifications in the areas of Banking will be an added advantage


- 10+ years of work experience in Banking/Financial Sector with exposure in payment system and digital banking products and process.

- Compliance experience or experience in legal, risk or audit related role will be an added advantage


- Be a quick learner and self-starter, proactive with the ability to work effectively with minimal supervision while simultaneously contributing to the team.

- Good analytical thinking and problem solving skills.

- Proficient in MS Office (Word/Excel/PowerPoint/Outlook)

- Good writing and verbal communication skills with the ability to summarize findings and present in a clear, concise manner to peers and Managers.

- Ability to adapt to new changes and challenges in a fast paced environment.

- Ability to prioritize workflows and meeting deadlines.

- Good liaising skills

Women-friendly workplace:

Maternity and Paternity Benefits

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