Assistant Vice President

10 - 15 years

30 - 35 Lacs

Posted:Just now| Platform: Naukri logo

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Job Type

Full Time

Job Description

Job Purpose
The Regulatory Adherence Specialist plays a critical role in ensuring that the Operations team in DBS Bank is in full compliance with all applicable regulations. This role involves a deep understanding of regulatory requirements, proactive identification and mitigation of compliance risks, and fostering a strong culture of adherence throughout Operations teams across Institutional and Consumer Banking.
Requirements:
Job Duties & Responsibilities
  • Perform independent assessment of adherence to existing regulations.
  • Monitor and analyse all new and amended regulations and regulatory guidelines issued by financial regulators (e.g., RBI, SEBI, IRDA, FIMMDA, FEDAI) and other relevant authorities (eg NSDL, CDSL).
  • Ensure that all new regulations are disseminated and assigned to the respective d partement heads in Operations for further assessment.
  • Collaborate with the various Operations teams to assess the impact of regulations and perform gap analysis.
  • Work with the Operations teams for relevant process enhancements and fixes and updation of the SOP documents wherever required.
  • Work with Technology teams to track that the tech solutions are implemented as per the regulatory ask in an accurate and timely manner.
  • Contribute to the incorporation of key regulatory risks into Units Risk & Control Self-Assessments (RCSA)
  • Promote a strong regulatory compliance culture through various forms of communication, including training and awareness communications
Required Experience
  • Proven experience in regulatory compliance, or a related field within the financial services industry (10-15 years)
  • Should have strong knowledge of banking operations across Institutional and Consumer Banking.
  • In-depth knowledge of banking regulations, and guidelines, particularly those issued by relevant local regulatory bodies (RBI, SEBI etc).
  • Should have prior experience in reviewing and monitoring of regulations, regulatory returns and handling of regulatory audits.
Education / Preferred Qualifications
  • Chartered Accountant
Technical Competencies
  • Good Computer Skills
Core Competencies
  • Strong analytical and problem-solving skills with the ability to interpret complex regulatory requirements.
  • Excellent communication (written and verbal) and interpersonal skills to effectively engage with diverse stakeholders.
  • Ability to work independently and collaboratively in a fast-paced environment.

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DBS Bank logo
DBS Bank

Banking and Financial Services

Singapore

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