Compliance:BUCG - Retail Liabilities Team

Role description

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, financial 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

About the Role

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.

Key Responsibilities

· 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

Optimal qualification for success on the job is: 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, financial 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