Head/Manager - Compliance - Banking

Head Compliance Manager-Banking

The role holder is responsible for timely submission of the onsite and offsite data / information requirements of Reserve Bank of India (RBI) and ensuring responses to the RBI Inspection report are collated in a timely manner.

SECTION III: KEY RESPONSIBILITIES/ ACCOUNTABILITIES:

Strategic/ Managerial Responsibilities Core Responsibilities:

To enables efficient conduct of Onsite Inspection conducted by RBI including timely submission of data / information to RBI which includes the following:

- Collating and reviewing the information to be submitted to RBI inspectors

- Ensuring timely submission of the information requested by the Inspection team

- Effective Co-ordination with internal stakeholders and RBS inspection team

- Ensuring timely closure of RBS Open issue points and submission of update to Audit Committee of the Board and RBI.

- Ensures following activities pertaining to Preliminary Risk Assessment Report (PRAR) Risk Assessment

- Report (RAR) Proposed Risk Mitigation Plan (PRMP) and Risk Mitigation Plan are conducted smoothly.

- Collate and review the responses to the observations in the PRAR, RAR, PRMP and RMP.

- Collate and review quarterly submission of Tranche1, Tranche 1A, I B data and annual submission of Tranche 2, 3, Bank Profile to RBI.

- Conduct analysis of Tranche 1 and 1A exception points and obtaining the explanations for such exceptions from respective stakeholders.

- Liaises regularly and effectively with RBI officials for resolution of queries raised by the stakeholders in the Bank with respect to various RBI submissions.

- Ensures timely submission of adhoc information request received from RBI Inspection Team after review of the information.