Company

KanchanSee more

addressAddressMumbai, Maharashtra
CategoryFinance & Accounting

Job description

AVP - RBS Tranche Reporting


Compliance with Risk Based Supervision (RBS) obligations:
- Timely submission of RBS Tranche reports
- Keep abreast of developments under the RBS framework and ensure Bank's compliance with these obligations
- Provide oversight and check and challenge on data submitted by the Bank under RBS framework
- Plan, design and execute testing of data points of RBS Tranche III as expected of Compliance function
- Agree findings of such reviews with relevant stakeholders and issue reports
- Track closure of issues highlighted during such reviews
- Efficiently manage data requests from SSM office and handle queries
- Handling of on-site and off -site RBS Inspections
- Co-ordination for timely submission of information demand of SSM team
- Ensure periodic updates of Inspection to Senior management
- Participation in the inspection meetings and providing Compliance inputs
- Co-ordinate the dissemination of the draft and final inspection reports with various stakeholders
- Seek periodic update on progress made on issues highlighted in the final report
- Provide periodic update on open actionable to governance forums such as EXCO and Control Forum
- Check and challenge responses provided by stakeholders and submit the final responses to SSM team
- Manage implementation of new regulatory initiatives pertaining to compliance and communicate regulatory requirements to the all stakeholders
- Managing and monitoring of dissemination of regulatory guidelines / circulars to stakeholders
- Perform conformance testing to ensure embedment of regulatory guidelines
- Ensure orderly management of circular tracker and escalate circulars which have not been complied with
- Ensuring adequate liaison ad collaboration with regional stakeholders on group requirements for Examinations

Compliance Risk Reviews:
- Design and implement the Compliance Risk review (CRR) on an annual basis
- Refresh the CRR on an on-going basis to ensure it reflect current risk environment
- Plan and execute Compliance Risk reviews / Verification Checks on a periodic basis
- Issue reports basis the reviews performed and agree remediation steps with Stakeholders
- Monitor actionable and provide periodic updates on open issues to Governance Forums
- Perform second line of defense testing on conduct risk controls as embedded by the first line of defense
What we're looking for:
- In-depth knowledge and understanding of the regulatory requirements across the functional areas.
- Robust understanding of the various products and services offered by a Scheduled Commercial Bank with focus on RBI regulatory framework
- Post graduate qualification (Graduate/CA/CS/MBA/LLB) and relevant experience commensurate with AVP role gained in the legal or compliance departments of an international investment bank or large domestic institution.
- Strong knowledge of Indian business environment.
- Ability to work closely with other functions to find both technical and procedural solutions.
- Quick thinker with ability to understand complex transactions and explain compliance issues clearly and concisely.
- Ability to learn quickly.
- Ability to take independent decisions and guide business as well as to handle areas of difference with business and escalate.
- Ability to perform independent reviews focused on regulatory requirements and conduct risk controls.
- Detail oriented, strong team player with a proven track record
Skills that will help you in the role:
Commercial Effectiveness: Including client and conduct focus and commerciality.
Control Environment: Including risk management.
Business Skills: Including delivery of solutions and decision making.
Management & Leadership: Including people development.
Personal & Interpersonal Skills: Including communication, influence and collaboration.
Technical Knowledge.
Desirable skills/Preferred Qualifications:
- Candidates having prior experience in the Compliance function of Bank will be preferred
Where will you be working?
Mumbai

Refer code: 997837. Kanchan - The previous day - 2024-04-15 20:11

Kanchan

Mumbai, Maharashtra

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