Regulatory Operations Specialist

1 day ago


Guntur, Andhra Pradesh, India beBeeRegulatory Full time ₹ 1,00,00,000 - ₹ 2,00,00,000
Job Title: Regulatory Operations Specialist

We are seeking a detail-oriented and experienced Regulatory Reporting professional to join our team.

  • Key Responsibilities:
  • Conduct comprehensive product audits and compliance checks to ensure adherence to regulatory standards.
  • Monitor and implement daily regulatory compliance requirements.
  • Develop and maintain robust internal control frameworks for banking products.
  • Implement and track regulatory circulars, with a specific focus on KYC-related guidelines.
  • Prepare and submit regulatory reports as per jurisdictional guidelines.
  • Review, validate, and reconcile data sources used for regulatory reporting, ensuring accuracy and completeness.
  • Conduct periodic reviews to ensure customer onboarding and lifecycle management processes align with regulatory standards.
  • Collaborate with internal teams including Finance, Risk, and Compliance to gather data and ensure accuracy in reports.
  • Maintain strong documentation and audit trails for all submissions.
  • Support in data submissions to compliance, internal audit teams, and regulators.
  • Leverage data analytics for insights, ensuring proficiency in data extraction, manipulation, and reporting.
  • Assist in the implementation of new regulatory reporting requirements and upgrades to reporting systems.

The successful candidate will act as a catalyst for management of the entire control management across the entity life-cycle (onboarding, post-modifications, and closure) of entities identified by the bank's standard operating procedure.

The incumbent is expected to be well-versed with the extant norms, guidelines of various regulatory bodies such as RBI, UIDAI, CERSAI, NeSL, CRILIC, Ministry of Corporate Affairs, and all relevant URLs and sites in the corporate/mSME/non-individual domain.

The incumbent has to provide thought leadership and process improvement initiatives by demonstrating control across audit observations, good performance across risk scorecards, and ensure compliance for reporting to relevant external and internal authorities and control functions.

Requirements:

  • In-depth knowledge of KYC regulations and related circulars.
  • Strong understanding of banking product lifecycles and customer onboarding processes.
  • Other online-based certifications for name screening.


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