IDFC First Bank - Lead - Compliance - Regulatory Relationship

Job Title - Lead Compliance

Function/ Department - Regulatory Reporting

Job Purpose:

- The role entails the responsibility to ensure bank's policies and procedures comply with regulatory and ethical standards.

- It includes evaluating all current and new compliance regulations, reviewing bank's processes, and leading training sessions.

Responsibilities:

Roles & Responsibilities:

- Managing and guiding the Regulatory Relationship team (Compliance Manager and Associate Compliance)

- Managing and monitoring of dissemination/ implementation of regulatory guidelines/ circulars.

- Monitoring and follow up of the correspondence with the Regulators/ Statutory Bodies.

- Maintaining the records of all Regulatory/ Statutory Communications

- Co-ordinating with business/ other functions for the data/ queries/ responses required by the regulators.

- Co-ordinating with Regulators to get required approvals/ clarifications.

- Managing the relationship with IBA and review and submission of responses to IBA.

- Managing the submissions under the Risk Based Supervision Framework

- Oversight on timely submission of Regulatory Returns manually though a tracker.

- Submission of regulatory returns assigned to Regulatory Compliance team.

- Preparing the MIS on Regulatory Compliance for the Board/ ACB/ Management which includes update on important circulars/ correspondences, inspection, regulatory returns, regulatory interactions, penalty, breaches, etc.

- Review of Compliance Policy and Regulatory Compliance SOPs.

- Support the team in Co-ordinating and managing regulatory inspection/ scrutiny process.

Educational Qualifications:

- MBA & Graduation in a related field

- Professional Qualification/Certification: Any Professional Degree

Experience: 10- 18 years in Regulatory Compliance / Compliance function