AddressVice President - RBI Regulatory Compliance & Testing
Designation: VP level
No. of Yrs of experience: 15 yrs+
Qualification: Company Secretary/ Chartered Accountant/ MBA
CTC: As per market standards.
Reporting to: Chief Compliance Officer
- Candidate ideally should be one down of the Chief Compliance Officer.
- RBI Regulation - Extensive knowledge of RBI banking regulations pertaining to retail business.
- Ensuring compliance to RBI Regulatory/ Policy guidelines for MSME, Retail, MFI, Agri and other retail portfolio
- Thorough understanding of regulatory guidelines and the risk emanating out of it.
- Regulatory Advisory - Provide commercially sound guidance to business teams on regulatory/compliance issues. Actively engage with them to ensure effective implementation of such guidelines. Assist business to effectively assess any regulatory change
- Compliance Monitoring/ Testing - Conducting comprehensive compliance risk assessment and implement commensurate risk-based compliance monitoring/testing periodically. This will include Thematic Testing, Testing on RAR Compliances submitted to RBI, Tranche-III, Product Testing, Returns Testing
- Manage and conduct monitoring and testing across compliance risks.
- Identifying the effectiveness of the design of the control based on testing.
- Identify control deficiencies / validate control weakness.
- Proactive engagement with business teams to understand the control in place and discussing design deficiencies, if any.
- To carry out bank wide the Compliance risk assessment
- Policy/ Process - Identifying & implementing policies/ process in line with extant guidelines and responses to the queries / clarifications sought by various Business / Credit / Operations / Support functions. To vet New Product & Process of the bank from regulatory perspective. Vetting / Scrutiny of Credit proposals from compliance angle.
