About the role
About Compliance : The compliance department ensures that a financial institution complies with applicable laws, regulations and rules, and it plays an essential role in helping to preserve the integrity and reputation of the bank. About the Role : Managing the Compliance Risk Management Activities of a) Retail Liability& Investment products (SB Accounts /TD /Debit cards/lockers/Trusts etc) b) Branch Banking Operations & KYC and c) WBP (CA /Government Business/ CMS Operations etc), covering dissemination of regulatory guidelines / implementation, annual compliance risk assessment, product / policy reviews, evaluating the existing processes / controls, carrying out root cause analysis and devising remedial action plan, Reporting to Board. Key Responsibilities Regulatory Adherence / Implementation: 1. Understanding of regulatory guidelines / changes in guidelines issued by regulators from time to time and identifying the actionables emanating from the guidelines. 2. Ensuring that the regulatory guidelines / changes in guidelines are promptly disseminated, along with actionables, to the concerned business units / departments for implementation. 3. Monitoring the implementation of the guidelines 4. Identifying the non-compliance / breaches through various sources like Internal Audit, Operational Risk Reports, etc. carrying out root cause analysis and devise remedial action plan in co-ordination with the business unit. 5 Conducting annual compliance risk assessment, assess the residual risk and identify the critical units / areas to be focussed for mitigation of compliance risk. 6. Regular meetings with the business unit heads for discussing the compliance matters / open issues and coordinating/Monitoring the implementation remedial measures. 7. Constant monitoring of open actionables for closure / implementation. 8. Coordinating with stake holders for responses to various queries, Action Taken reports and reposting to Board and Regulator and reviewing them before submission. Qualifications : Optimal qualification for success on the job is : - MBA / Postgraduate with around 3 to 5 years of relevant experience and 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