Compliance:BUCG - Retail Liabilities Team

About Compliance

The 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 code

The BUCG Retail Liabilities team is responsible for managing the compliance risk management activities of retail

Liabilities / operations and cards covering dissemination of regulatory guidelines, annual compliance risk

assessment, product / policy reviews, evaluating the existing processes / controls, carrying out root cause

analysis, devising remedial action plan and reporting to the board

Supervising dissemination of actionables emanating from new guidelines and ensuring implementation

by the respective Business units of the Bank

Approval of any new processes in Support functions after ensuring all regulatory/internal guidelines have

been complied

Handling of Compliance/KYC related queries and approvals

Submission of speaking points/Action taken report for various committees like Audit Committee of Board

/MD Dashboard etc

Providing relevant inputs for preparation of MD presentations /Dashboards

Testing Processes related to Observations/Regulatory line items of RBI and closure of Testing reports

Preparing materials such as communications , presentations etc for improving Bank s Compliance Culture

Perusal of PMC/CMC/COC, Internal Circulars in line with relevant applicable regulations /internal policies

Updating Bank s KYC/AML Policy Annually or as and when there are major changes in Regulatory

Guidelines

Assisting RBI Compliance Team for onsite Audit and co-ordinating with Business for meeting Offsite Data

requirements

Dissemination of RAR Report to Businesses, closure of open issues in RAR and RMP for Retail Liability and

KYC

Qualifications

MBA / Postgraduate with Banking background

Role Proficiencies:

For successful execution of the job, a candidate should possess the following:

Good communication (both verbal & written) and inter-personal skills

Strong 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 environment

Ability to prioritize and make decisions in a fast-paced environment

Ability to work as a part of team and contribute towards team goals

Ability to manage multiple tasks/projects and deadlines simultaneously