Senior Compliance Manager-Retail Liabilities & Wealth IDFC FIRST Bank

5.0 - 10.0 years

0 Lacs

maharashtra

On-site

As a Senior Compliance Manager in the Retail Liabilities & Wealth department at our Bank, your role will be crucial in managing overall compliance risk and ensuring regulatory requirements are met. You will collaborate with various business units and support functions to implement and oversee compliance activities effectively. Your responsibilities will include providing compliance oversight and advisory support to businesses, ensuring regulatory compliance, and managing overall compliance risk. You will review and update policies, procedures, manuals, and internal process documents in alignment with RBI guidelines, focusing on closing any observations from regulatory inspections. Additionally, you will be responsible for reviewing and providing feedback on new products, campaigns, and variants before their launch. It will be essential to disseminate relevant circulars from RBI, PFRDA, and IRDA to business teams and ensure their implementation. You will respond to regulatory queries promptly and ensure timely submission of certifications, reports, and communications. Training personnel on compliance responsibilities, identifying and escalating compliance issues, and collaborating with stakeholders during regulatory inspections are also key aspects of your role. You will conduct compliance monitoring exercises, prepare regulatory checklists, and submit necessary notes to the Board periodically. To excel in this role, you should have a minimum of 5-10 years of experience in compliance functions within a Bank or NBFC. A solid educational background with any graduation and post-graduation qualification is required. Your proactive approach to compliance activities and strong communication skills will be instrumental in ensuring the Bank's adherence to regulatory standards. Overall, as a Senior Compliance Manager, you will play a pivotal role in upholding compliance standards, managing risks, and fostering a culture of regulatory awareness within the Retail Liabilities & Wealth department.,

Posted 4 days ago

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