Compliance Advisory Retail Assets

ROLE PURPOSE & OBJECTIVE

We are seeking a highly skilled and experienced Banker to join the Compliance department of the Bank for:

1. Regulatory Compliance for Retail Assets (loans and advances)

2. Should have knowledge of Loan Products such as MSME, Mortgages, Personal loans

3. Should have a working knowledge of RBI regulations on Loans & advances, Inter Rate, IRAC norms etc.

4. Should have worked for Retail (NOT Wholesale)Role & responsibilities

II. KEY DUTIES & RESPONSIBILITIES OF THE ROLE

Regulatory & Compliance Review

• Vet new products and processes of the bank from a regulatory perspective.
• Review all policies and procedure manuals of the bank for regulatory compliance.
• Conduct compliance risk assessments and thematic reviews from a regulatory standpoint. Compliance Testing & Monitoring
• Carry out compliance testing of branches and head office functions.
• Conduct RBS Tranche-3 compliance testing.
• Coordinate with internal teams/stakeholders for development, execution, and monitoring of the Compliance Testing Framework.
• Track implementation progress of action points arising from compliance testing, remediation actions, management responses, and process improvements. Regulatory Liaison & Reporting
• Assist the Head of Compliance in apprising the Board and Audit Committee of the Board (ACB) on important aspects related to regulatory inspections.
• Ensure collation and timely submission of responses to regulatory observations during inspections.
• Liaise with RBI for seeking clarifications on regulatory matters.
• Ensure regulatory guidelines are disseminated within prescribed timelines.
• Identify, review, and disseminate action points arising from regulatory communications.
• Follow up with stakeholders to ensure regulatory guidelines are implemented by relevant units. Business Support & Advisory
• Provide guidance and support to business teams on queries pertaining to Credit (Wholesale and Retail) regulations/guidelines issued by RBI. Training & Awareness
• Deliver periodic training on RBI guidelines pertaining to the credit portfolio. Other Responsibilities
• Undertake any other activities or projects assigned by Management, CCO, or Supervisor.