Compliance:BUCG - Credit Team

No of VacanciesReports toHead - BUCG - CreditIs a Team leaderNoTeam SizeGradeManager / Senior ManagerBusinessCorporate CentreDepartmentComplianceSub-DepartmentLocationMumbaiAbout ComplianceThe Compliance department assists the Board and Top Management in managing the compliance risk, that is, the risk of legal or regulatory sanctions, ficial loss or reputational loss that the Bank may suffer as a result of its failure to comply with the applicable laws, regulations or code of conduct applicable to banking activities It ensures strict observance of all statutory provisions in various legislations such as Banking Regulation Act, Foreign Exchange Management Act, Prevention of Money Laundering Act, Reserve Bank of India Act, etc as well as the regulatory guidelines issued from time to time, the standards and codes prescribed by BCSBI, FEDAI, FIMMDA, etc and also the Bank s internal policies and fair practice codeAbouttheRoleDissemination of regulatory guidelines, clear instructions to departments with respect to timely action to be taken , vetting of policies of Bank from the regulatory perspective, understand an end to end scope of products / processes proposed by departments through PMC / CMC and giving compliance related inputs, preparing and placing notes to Audit Committee of the Board / Board on new regulations, etcAssisting the Head - BUCG-Credit in the following :1 Dissemination of regulatory guidelines, clear instructions to departments with respect to timely action to be taken , understanding and confirming to the designs / controls proposed by departments for implementation of regulation2 Vetting of policies of Bank from the regulatory perspective3 Understand an end to end scope of products / processes proposed by departments through PMC / CMC and giving compliance related inputs,4 Conducting compliance risk assessment of the relevant units, managing the entire compliance related activities pertaining to the units5 Preparing and placing notes to Audit Committee of the Board / Board on new regulations, its impact, status of non-compliance issues, and performance of the units in terms of compliance riskQualificationsGraduate / Post Graduate with relevant experience of 6+ yearsShould have working / handled corporate credit related areasRole ProficienciesFor successful execution of the job, a candidate should possess the following:Good communication (both verbal & written) and inter-personal skillsStrong Excel and database manipulation skills, ficial and statistical analysis skills)Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environmentAbility to prioritize and make decisions in a fast-paced environmentAbility to work as a part of team and contribute towards team goalsAbility to manage multiple tasks/projects and deadlines simultaneously