Compliance : Digital Lending and Digital Products

Role & responsibilities:

• Supervising dissemination of actionable emanating from new guidelines and ensuring implementation by the respective Business units of the Bank
  
• Strict monitoring through the systems/ tools available in the department of various issues relating to Digital Journeys
  
• Approval of any new/ review of existing Policy/ Internal circulars/ processes upon ensuring all regulatory/internal guidelines have been complied with.
  
• Handling of Advisory related to Compliance with Regulatory Guidelines on Digital Lending and other related guidelines.
  
• Connecting with regulators/ peer banks to seek clarification/ benchmark process followed in the bank (wherever required)
  
• Testing of regulations / processes/ controls when required.
  
• Providing relevant inputs for preparation of presentations / dashboards for senior management
  
• Co-ordinate with the respective stakeholder and ensure that proper controls are put in place to mitigate the compliance risk,
  
• Vetting of Bank's Policies, internal circulars, manuals, validation of forms from the compliance perspective, validating internal controls with various Codes (BCSBI, etc)
  
• Vetting of responses / compliance to be submitted to regulators /agencies provided by the business departments / stakeholders.
  
• Monitoring compliance risk using various tools (e.g. Key Compliance indicators, etc.)
  
• Testing Processes related to Observations/Regulatory line items of RBI and closure of Testing reports.
  
• Monitoring and tracking of Regulatory observations emanating from IAD/ CTG/ other sources,
  
• Approval and review of PMC/CMC notes in line with relevant applicable regulations /internal policies.
  
• Assisting RBI Compliance Team for onsite inspection (wherever required)
  

Preferred candidate profile

• Understanding of basic processes involved in Digital Lending and product journeys,
  
• Ability to apply basic concepts to practical scenarios/ issues,
  
• Understanding of regulations/ guidelines
  
• Experience in handling Compliance related to Digital Lending and products
  
• Good Interpersonal and communication skills
  
• Excellent spoken & written (Drafting) English skills
  
• Proficiency & command in Excel, Word & PPT etc.