Regulatory Compliance & Testing Role - Bank

RBI-Regulatory Compliance & Testing

Summary of the Role:

- Responsible for RBI Regulatory compliance for the Banks in India.

- Responsible for Regulatory Advisory

- Compliance monitoring and testing. Responsible for Tranche Returns filing.

- Product launch compliances - retail assets/ credit proposal

Job Requirements:

1. 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 portfolios. Thorough understanding of regulatory guidelines and the risk emanating out of it.

2. 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.

3. Compliance Monitoring/ Testing - Conducting comprehensive compliance risk assessment and implementing 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 a. Manage and conduct monitoring and testing across compliance risks.

b. Identifying the effectiveness of the design of the control based on testing.

c. Identify control deficiencies / validate control weakness.

d. Proactive engagement with business teams to understand the control in place and discuss design deficiencies, if any.

e. To carry out bank wide Compliance risk assessment.

4. 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 a regulatory perspective. Vetting / Scrutiny of Credit proposals from compliance angle

Required Skill Set :

1. Must be working in a retail Indian Bank.

2. Predominantly worked in Retail portfolio and NOT in Wholesale portfolio

3. Predominantly should have working knowledge of Retail Assets. Retail Liabilities knowledge may not be MUST.

4. Candidate ideally should be one down of the Chief Compliance Officer.

5. Tranche III reporting is must