Compliance Manager-Inspections

Core Responsibilities: Compliance Manager/Sr. Manager/AVP- Inspections

• To enable efficient conduct of Onsite Inspection conducted by RBI including timely submission of data / information to RBI which includes the following:
• Timely dissemination of RBI request to stakeholders in the Bank
• Collating and reviewing (at maker level) the information to be submitted to RBI inspectors.
• Ensuring timely submission of the information requested by the Inspection team.
• Effective Coordination with internal stakeholders and RBS inspection team.
• Ensures following activities pertaining to Preliminary Risk Assessment Report (PRAR), Risk Assessment Report (RAR), Proposed Risk Mitigation Plan (PRMP) and Risk Mitigation Plan, Areas of Non-Compliance (AONC) are conducted smoothly.
• Collate the responses to the observations in the PRAR, RAR, PRMP and RMP.
• Co-ordinating with stakeholders within and outside Compliance unit for status of response review to the observations in the PRAR, RAR, PRMP and RMP
• Tracking of observation and record keeping as per the defined process. Submission of final IRAR, RMP & AONC response at Maker level on Daksh within the RBI given timelines.
• Track for update on Daksh Portal w.r.t IRAR, RMP & AONC response submission notification and follow up RBI SSM comments record update post initial submission of Bank's response
• Collate quarterly submission of 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.
• Disseminate, coordinate & monitor to ensure timely submission to RBI of adhoc information request received from RBI SSM team and various other departments of RBI.
• Disseminate, coordinate & monitor to ensure timely submission of adhoc returns 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
• Additional duties as assigned.
  • CA/CS/MBA with prior relevant experience of (i) Deputy Manager – fresher to 1 years; (ii) Manager – 2 to 4 years; and (iii) Sr. Manager – 5 to 7 years.
  • Candidates well versed with recent developments as regards RBI regulations, will be preferred.
  • Should have good verbal and written communication skills with an eye for detail.
  • Ability to perform under pressure within the given time lines. Should possess good communication / interpersonal / problem solving skills and has to be a quick learner.
  • Diligent, hard-working & a team player, with ability to drive outcomes when working with other stakeholders. Proficient in working on MS Office tools.