Team Member - Compliance-SUPPORT SERVICES-Compliance

Core Responsibilities:

• Assisting in regulatory inquiries and inspections including but not limited to coordination with regulators and internal / external stakeholders

• Managing a team of compliance professionals and responsible for staff development, training, etc.

• Overseeing efficient conduct of onsite Inspection conducted by RBI including timely submission of data / information to RBI including but not limited to activities pertaining to DAKSH portal requirements, Preliminary Risk Assessment Report (PRAR), Risk Assessment Report (RAR), Proposed Risk Mitigation Plan (PRMP), and Risk Mitigation Plan, Areas of Non-Compliance (AONC).

• Review submission pertaining to RBS Tranche 1 series data and annual submission of RBS Tranche II, Bank Profile to RBI.

• Conduct analysis/preliminary data validation of Tranche 1 series exception points and obtain the explanations for such exceptions from respective stakeholders.

• Liaises regularly and effectively with RBI officials for resolution of queries raised by the stakeholders in the Bank with respect to various RBI submissions.

• Responsible to ensure proper dissemination, coordination & monitoring for timely submission to RBI of adhoc information requests received from RBI SSM team, various other departments of RBI, and those published on Daksh Portal of RBI. 

• Circulate Daksh communication to Regulatory Change Management team for information and necessary action. 

• Disseminate, coordinate & monitor to ensure timely of routine regulatory reporting on CIMS/Data collector portal and any other activity / task as communicated by compliance senior management.

• MIS management relating to RBI Inspection.

Strategic Responsibilities:

• Timely submission of the onsite / offsite / adhoc data & information sought by Reserve Bank of India (RBI) and ensuring responses to the RBI Inspection report are collated in a timely manner.

• Timely submission of RBS Tranche 1 series (Quarterly), Tranche 2 (Annual) data to RBI within the stipulated timelines. 

• Ensure timely submission of adhoc returns published on Daksh portal by RBI. 

• Assisting with regulatory inquiries and/or examinations. This may include coordination with regulators and other parties.

• Stay abreast of relevant changes to rules / regulations and other industry news including regulatory findings

• Assist the team in addressing any L1 escalations and keep the Inspection Lead and Vertical Lead informed of the same. 

• Additional duties as assigned.