Compliance: Credit Compliance

Role & responsibilities

1. Responsible for discharge of compliance function with respect to issues pertaining to SBB/CBG/Retail Operations/CBO/ Credit Risk
2. Understanding all Regulatory and Banks internal guidelines pertaining to Corporate Credit (including MSME/ SBB) and ensuring Bank's compliance as per said guidelines
3. 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.
4. 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.
5. Tracking the implementation in coordination with Business teams (wherever required)
6. Assisting in RBI Inspection process & closure of RAR Report
7. 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 -

1. Supervising dissemination of actionables emanating from new guidelines and ensuring implementation by the respective Business units of the Bank
2. Strict monitoring through the systems/ tools available in the department of various issues relating to corporate credit business.
3. Approval of any new/review of existing Policy/ Internal circulars/processes after ensuring all regulatory/internal guidelines have been complied.
4. Handling of Compliance related queries and approvals.
5. Submission of speaking points/Action taken report etc. for various committees like Audit Committee of Board /MD Dashboard etc.
6. Testing of regulations / processes/ controls when required
7. Providing relevant inputs for preparation of presentations /Dashboards
8. Testing Processes related to Observations/Regulatory line items of RBI and closure of Testing reports.
9. Monitoring and tracking of Regulatory Observations emanating from IAD/ CTG/ other sources
10. Approval and Testing of PMC/CMC notes in line with relevant applicable regulations /internal policies.
11. Assisting RBI Compliance Team for onsite inspection and co-ordinating with Business for meeting Offsite Data requirements
12. Dissemination of RAR Report to Businesses, closure of open issues in RAR and RMP