Manager/Senior Manager - Control Function Group - Bank

Job Role/Title:Team Member

Department: Compliance

Grade/Designation: Manager/Senior Manager

Location:Head Office, Kolkata

Reports To (Role):Team Lead - Control Function Group

ROLE DESCRIPTION :

To ensure that the Bank is in compliance with the relevant guidelines issued by RBI and other regulators in respect of the assigned functional areas, including assessing the compliance level through various testing of regulatory line items, new products and processed launched, including system implementation and review of Policies.

KEY RESPONSIBILITIES :

- Monitor activities of assigned Finance & Account/Taxation related areas to ensure compliance with internal policies and procedures including monthly, quarterly, and annual account and activity reviews

- Work collaboratively with Finance & Account/Taxation teams for ensuring accurate and timely compliance to Finance & Account/Taxation related regulatory requirements to meet stakeholder expectations

- Make broad recommendations on improving compliance related processes and/or procedures pertaining to the Finance & Account/Taxation departments

- To initiate, review and finalize Compliance Testing reports

- To review the Product and Change Management Committee agenda notes, internal circulars, policies etc. in line with the laid down procedure.

- To provide advisory and timely clarifications on various regulatory matters within the organisation in respect of assigned functional areas

- To validate information provided by various functionaries, with the available records/data prior to its submission to RBI (including items sought during RBS onsite)

- To monitor, review and ensure timely compliance w.r.t. observations pointed out during testing, observations identified by regulators etc.

- To provide views/advisory on the draft responses for the regulatory/statutory correspondences received by the Bank and/or other compliance issues/concerns as and when raised by various functionaries

- To monitor that comprehensive actions are taken timely by respective Departments to ensure compliance of regulatory/statutory inspection reports

- To prepare periodical progress report for the Top Management, Board, Board Level Committees and Inspection Reports of the regulators

- To monitor closure of Compliance Testing observations

- To prepare agenda notes for Board/Board Level Committees

- To prepare presentations, notes and/or reports, as & when required

CRITERIA ELIGIBILITY:

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.

i) EDUCATIONAL QUALIFICATIONS & CERTIFICATIONS:

- A Chartered Account with core knowledge of regulatory guidelines, having experience in relevant areas/fields (Finance & Accounts/Taxation)

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

ii) RELEVANT JOB EXPERIENCE:

- 8+ years of work experience in Banking/Financial Sector in Banking domain

- 3+ years of Compliance experience or audit related role in Finance & Account/Taxation related areas

iii) SKILLS & COMPETENCIES:

- 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