Overview
About the Role:
– We are seeking a highly motivated and experienced Senior Compliance Officer to join our Compliance team.
– This role is crucial in ensuring adherence to regulatory guidelines, particularly those set forth by the Reserve Bank of India (RBI).
– The successful candidate will be responsible for acting as the primary point of contact for RBI’s on-site inspections, coordinating with various business units, and ensuring timely responses to RBI queries.
Key Responsibilities:
RBI Liaison:
– Serve as the primary point of contact for the RBI’s on-site inspection team.
– Coordinate with various business units to gather necessary information and documentation.
– Ensure timely and accurate responses to RBI queries and requests.
Regulatory Compliance:
– Monitor regulatory changes and ensure compliance with RBI guidelines and industry standards.
– Conduct regular reviews and assessments of compliance programs.
– Identify potential compliance risks and implement mitigating measures.
Tranche III Testing:
– Coordinate with the Compliance team and the Audit team to conduct Tranche III testing.
– Ensure adherence to testing methodologies and standards.
– Analyze test results and identify areas for improvement.
Regulatory Reporting:
– Coordinate with various business units to prepare and submit regulatory reports, including Risk Assessment Reports (RAR) and Risk Management Plans (RMP).
– Ensure timely submission of reports post necessary approvals.
Stakeholder Management:
– Build strong relationships with various business units and stakeholders.
– Provide guidance and support to business units on regulatory matters.
– Facilitate effective communication and collaboration among different teams.
Qualifications and Experience:
– Strong understanding of Indian banking regulations, particularly those related to RBI.
– Experience in handling on-site inspections and regulatory audits.
– Strong analytical and problem-solving skills.
– Excellent communication and interpersonal skills.
– Ability to work under pressure and meet tight deadlines.
– Strong attention to detail and accuracy.
– Advanced knowledge of Microsoft Office Suite.