IDFC First Bank
1 month ago
Job Title - Lead Compliance
Function/ Department - Regulatory Reporting
Job Purpose:
- The role entails the responsibility to ensure bank's policies and procedures comply with regulatory and ethical standards.
- It includes evaluating all current and new compliance regulations, reviewing bank's processes, and leading training & Responsibilities:
- Managing and guiding the Regulatory Relationship team (Compliance Manager and Associate Compliance)
- Managing and monitoring of dissemination/ implementation of regulatory guidelines/ circulars.
- Monitoring and follow up of the correspondence with the Regulators/ Statutory Bodies.
- Maintaining the records of all Regulatory/ Statutory Communications
- Co-ordinating with business/ other functions for the data/ queries/ responses required by the regulators.
- Co-ordinating with Regulators to get required approvals/ clarifications.
- Managing the relationship with IBA and review and submission of responses to IBA.
- Managing the submissions under the Risk Based Supervision Framework
- Oversight on timely submission of Regulatory Returns manually though a tracker.
- Submission of regulatory returns assigned to Regulatory Compliance team.
- Preparing the MIS on Regulatory Compliance for the Board/ ACB/ Management which includes update on important circulars/ correspondences, inspection, regulatory returns, regulatory interactions, penalty, breaches, etc.
- Review of Compliance Policy and Regulatory Compliance SOPs.
- Support the team in Co-ordinating and managing regulatory inspection/ scrutiny process.
Educational Qualifications:
- MBA & Graduation in a related field
- Professional Qualification/Certification: Any Professional Degree
Experience: 10- 18 years in Regulatory Compliance / Compliance function
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