Policy Manager

Policy Manager - Priority Sector Lending (PSL) Compliance and StrategyJob Description:- We are seeking a highly accomplished and Self Motivated individual to serve as the Policy Manager - Priority Sector Lending (PSL) Compliance and Strategy.- This Senior Leadership role is critically important for the bank, carrying the ultimate responsibility for ensuring the institution's ongoing compliance with the Reserve Bank of India's (RBI) mandatory Priority Sector Lending (PSL) targets.- The Manager will be central to regulatory compliance, strategic target achievement, policy governance, and managing external audits. -This role requires exceptional analytical rigor and a focus on Delivering Results through cross-functional collaboration and robust financial oversight.Key Responsibilities:PSL Target Achievement and Strategic Monitoring:- Own the oversight and achievement of the bank's mandated PSL regulatory target on a continuous basis.- Establish and maintain a robust framework for continuously monitoring the achievement and delivery of PSL targets across all Business Units (BUs).- Conduct proactive analysis to identify any probable shortfall against RBI targets and provide timely, analytical alerts to the PSL Committee along with well-researched, best-possible strategic alternatives ( inter-bank participation, securitization).PSL Market and Trading Management:- Conduct continuous, analytical tracking of the E-kuber market for Priority Sector Lending Certificates (PSLCs).- Execute timely buy/sell decisions in the E-kuber market based on the strategic direction provided by the PSL Committee to manage the bank's year-end compliance position.Audit and Regulatory Coordination:- Serve as the central coordination point for all external and internal audits, including RBI Audit, Statutory Audit, Concurrent Audit, and Group Audit.- Ensure the timely and accurate resolution of all auditor queries and implement corrective actions immediately to achieve minimum repeat audit comments in subsequent review cycles.Policy Governance and Process Improvement:- Lead the technical review and amendment of Standard Operating Procedures (SOPs) for all PSL-qualifying products.- Ensure all SOP revisions are completed with the concurrence of relevant stakeholders and fully comply with the latest guidelines issued by the RBI.- Provide expert inputs and consultation to BUs and other stakeholders for the improvement or modification of existing products/processes to enhance PSL qualification and correct classification.PSL Classification and Compliance Management:- Hold the responsibility for approving the PSL tagging on time within the core banking and tracking systems.- Ensure accurate and consistent classification and tagging of all assets strictly according to the latest RBI regulatory guidelines.- Lead the timely dissemination of changes in regulatory guidelines across the bank and ensure immediate action and system updates are taken where necessary.Portfolio Management and Budgeting:- Accurately compute and monitor the Bank's current PSL achievement against the RBI target, clearly highlighting any excess or shortfall positions.- Lead the Annual Budgeting exercise for PSL, which includes assessing the bank's total PSL requirement, mapping this requirement into detailed annual targets for individual BUs, and preparing the final PSL department budget presentation for executive review.- Oversee the accurate monthly management of MUREX, SIDBI/NABARD refinance entries, and Inter-Bank Participation Certificate (IBPC) entries related to the bank's loan Portfolio Trading (PTC) activities.Required Skills:- Chartered Accountant (CA) qualification is mandatory.- Extensive professional experience in Policy, Compliance, Treasury, or Audit functions within the Banking Industry.- Deep, expert-level knowledge of RBI Priority Sector Lending (PSL) guidelines, regulations, and reporting requirements.- Proven experience in PSL target tracking, shortfall mitigation strategy development, and E-kuber market operations for PSLC trading.- Significant experience in managing and successfully navigating complex audits (RBI Audit, Statutory, Concurrent), including timely query resolution.- Advanced analytical and financial modeling skills for budgeting, portfolio monitoring, and variance analysis (PSL achievement v/s target).- Technical proficiency in banking systems and finance platforms (MUREX) for managing refinancing and portfolio entries.Preferred Skills:- Direct experience in Policy and Process Review/Amendment (SOPs) within a highly regulated environment.- Strong leadership and influencing skills to manage cross-functional initiatives and resolve conflicts related to PSL budgeting and targets.- Technical knowledge of loan portfolio securitization and inter-bank asset transfer mechanisms.- Demonstrated ability to provide strategic counsel to the highest levels of management (ref:iimjobs.com)