Cluster Manager - Compliance

6 - 7 years

5 - 9 Lacs

Posted:5 days ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

Job Purpose
Lead the Integrated Compliance Framework (ICF) team and perform LHS-RHS activity with respective stakeholders including COEs, Business Compliance and horizontal support functions. Closely work with CDI and CMT teams within compliance. Validate and confirm closure of LHS-RHS response in compliance system.Duties and Responsibilities
Major Activities carried out by the role1.Major Activity 1
  • Lead and perform LHS-RHS activity closed for all required circulars and guidelines issued by regulators (Mainly IRDA).
  • Create and execute annual LHS-RHS activity plan for all master circulars and guidelines.
  • Work closely Businesses, COEs, Horizontal support functions for closure of LHS-RHS activity and become compliant for all guidelines issued by various regulators.
    2.Major Activity 2
  • Engage and work closely with Businesses, COEs, Horizontal support functions to become compliant on all LHS points for various guidelines issued by regulators.
  • Engage and work closely with sub functions within compliance unit (eg. CMT, CDI, advisory team etc)
  • Engage with seniors and key stakeholders
    3.Major Activity 3
  • Publishing reports on ICF activities
  • Track and moderate closure of No items with respective stakeholders

  • Key Decisions / Dimensions
    Prioritization of work and tasks as per situations and requirements -Co-ordination with stakeholders and submitting on various tool requirement.Major Challenges
    Maintaining timeline of LHS-RHS for multiple guidelines by multiple regulators (IRDA, NPCI and UDAI.-Initial challenges with Compliance tool, as it is new and yet to be completely developed and maintained. -Very high expectation from the role.-New and big teamRequired Qualifications and Experience
    a)Qualifications
  • CA with 6-7 years experience in banking industry
  • Additional certifications in banking and Compliance like CIA / CISA / CAIIB are preferred
  • Strong domain knowledge of RBI requirements related to retail assets, liabilities, payments, etc in BFSI sector is required
    b)Work Experience
  • 6 to 7 years of experience in Banking and finance industry in Compliance / operations / audit functions.
  • Expertise in understanding of regulatory requirements specifically from IRDA.
  • Strong domain knowledge of RBI requirements related to retail assets, payments, etc in BFSI sector is required Relevant experience in content creation
  • Skills Keywords
  • Excellent communication skills and presentability
  • Demonstrate leadership, negotiation, communication and audit/ compliance management skills in order to handle CDI team activities and engage with Senior Management
  • Develop rapport with Business teams for adding value through compliance recommendations.
  • Bring new knowledge on board and keep updated with rapidly changing business environment.
  • Constantly challenge status quo for bringing value addition
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    Bajaj Finance logo
    Bajaj Finance

    Financial Services

    Pune

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