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Axis Bank
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Compliance:BUCG - Subsidiary Monitoring Team

Compliance:BUCG - Subsidiary Monitoring Team

Axis Bank

10 - 13 years

35 - 40 Lacs

Mumbai

Posted:1 month ago| Platform:

Apply

Skills Required

Basic Usage Compliance Senior management Banking Inspection Corporate credit Monitoring Auditing Testing

Work Mode

Work from Office

Job Type

Full Time

Job 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

Job Description -

Responsible for discharge of compliance function with respect to issues pertaining to SBB/CBG/Retail Operations/CBO/ Credit Risk
Understanding all Regulatory and Banks internal guidelines pertaining to Corporate Credit (including MSME/ SBB) and ensuring Banks compliance as per said guidelines
Analysing impact of Regulatory Circulars /Directions/Notifications issued by RBI/ any other regulator and inform the Senior Management about the Compliance Risk emanating if the guidelines are not implemented within the Regulatory timelines as prescribed by the Regulator.
Partnering with Business Departments on various aspects of Regulations applicable to their business and providing them solutions on matters referred by them in new and existing products and processes.
Tracking the implementation in coordination with Business teams (wherever required)
Assisting in RBI Inspection process & closure of RAR Report
Fair/hands on idea of CBS/ some of the softwares used in conduct and administration of corporate credit business in the Bank and co-ordination with IT to understand and facilitate system changes/ technological initiatives with respect to credit issues and solution.

Key Result Areas -

Supervising dissemination of actionables 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 corporate credit business.
Approval of any new/review of existing Policy/ Internal circulars/processes after ensuring all regulatory/internal guidelines have been complied.
Handling of Compliance related queries and approvals.
Submission of speaking points/Action taken report etc. for various committees like Audit Committee of Board /MD Dashboard etc.
Testing of regulations / processes/ controls when required
Providing relevant inputs for preparation of presentations /Dashboards
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 Testing of PMC/CMC notes in line with relevant applicable regulations /internal policies.
Assisting RBI Compliance Team for onsite inspection and co-ordinating with Business for meeting Offsite Data requirements
Dissemination of RAR Report to Businesses, closure of open issues in RAR and RMP

Competencies Required -

Understanding of basic proceses involved in corporate credit, viz. sourcing, appraising, monitoring, recovery, restructuring etc.
Ability to apply basic concepts to practical scenarios/ issues
Fair/hands on idea of CBS/ some of the softwares used in conduct and administration of corporate credit business in the Bank
Understanding of regulations/ guidelines
Good Interpersonal and communication skills
Excellent spoken & written (Drafting) English skills
Proficiency & command in Excel, Word & PPT etc.

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Compliance:BUCG - Subsidiary Monitoring Team