Compliance:BUCG - Subsidiary Monitoring 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, 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

Understanding all Regulatory guidelines pertaining to RBI/ SEBI/ IRDAI/ Income Tax and assisting the Bank in

ensuring implementation

- Analysing of impact of Regulatory Circulars /Directions/Notifications issued by RBI/ SEBI and any other regulator

and inform the Senior Management about the Compliance Risk emanating from the same.

- 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 and keeping the internal tracker updated

(GCM)

- Assisting in RBI Inspection process & closure of RAR / RMP.

- Collating various MIS/ Presentations for ACB/ Board and any other forums

Key Responsibilities

. Assisting the department in implementation of various guidelines.

. - Compiling the Risk and Control repository in GCM system

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

. - Monitoring and tracking of Regulatory Observations emanating from CSITE/ IAD

. - 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

Qualifications

B.Com/ CAIIB/ CA

Role Proficiencies:

. Understanding of key regulations and ensure Compliance along with evaluating sustenance.

. 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