Compliance Advisory - Credit (Retail / Wholesale Banking) - SVP

ROLE SUMMARY

Role holder should have 12-15 years of post-qualification experience with very good communication skills, hands on with Credit regulations (Wholesale/ Retail) and compliances thereunder.

KEY RESPONSIBILITIES/ ACCOUNTABILITIES

Strategic/ Managerial Responsibilities

Guiding Business Units on Regulatory Compliance for transactions handled by the Bank covering Credit regulations.

Core Responsibilities

A. Guidance & Advisory

• Provides guidance and support to business teams on their queries pertaining to Credit (Wholesale and Retail) regulations/guidelines issued by RBI
• Liaising with RBI for seeking clarification

B. Product & Process Note Review

• Review of Product and Process note to ensure that product/ process notes are compliant from regulatory perspective.
• Representing Compliance unit in PPAC Committee Discussion
• Ensures that compliance comments are communicated and discussed with the product owner post internal discussions.

C. Circular Tracker Implementation

• Ensure that regulatory guidelines are disseminated within prescribed timelines
• Identification, review of action point and dissemination to stakeholders
• Follow up with stakeholder to ensure that regulatory guidelines are implemented by the relevant unit(s).
• Testing of compliance submitted by stakeholder before closure of circular action points

D. Training

• Provide periodic training on RBI guidelines pertaining to Credit Portfolio
• Devise online training module , periodic updation etc

E. Audit Committee / Board Submission

• Ensure preparation and submission of quarterly compliance agenda notes to CS team
• Preparation of Monthly Report on Compliance Activities

People Management or Self-Management Responsibilities

• Need to interaction with Business Unit / Product Team / Operation Unit
• Need to interact with the middle/senior management of Business Unit/ Product Team/ Operation Unit

Risk and Internal Control Responsibilities

KEY INTERACTIONS

Key Internal Interactions

Purpose of Interaction

Business Unit / Product Team and Central Compliance Team

• For Guidance and support to Business Teams / Product Team / Operation team on their queries pertaining to Credit regulations/guidelines issued by RBI.

Key External Interactions

Purpose of Interaction

• Interaction with RBI for seeking clarification / guidance

KNOWLEDGE & EXPERIENCE

KNOWLEDGE

Minimum Qualifications

• CA/CS/CMA/LLB

Professional Certifications

• CA/CS/CMA/LLB

Language Skills

• English

EXPERIENCE

Years of Experience

• 12-15 Years

Nature of

Experience

• Preferably have worked in Credit (Wholesale/ Retail) advisory in a Bank (Compliance department or Business Compliance)