Regulatory Operations Professional

Our organization is seeking a detail-oriented professional to fill the position of Regulatory Operations.

This role requires expertise in regulatory reporting, banking, and compliance. The ideal candidate will have a strong background in conducting product audits, monitoring daily compliance requirements, and implementing internal control frameworks.

1. Comprehensive product audits and compliance checks are conducted to ensure adherence to regulatory standards.
2. Daily regulatory compliance requirements are monitored and implemented.
3. Robust internal control frameworks for banking products are developed and maintained.
4. Regulatory circulars are implemented and tracked with a focus on KYC-related guidelines.
5. Regulatory reports are prepared and submitted as per jurisdictional guidelines.
6. Data sources used for regulatory reporting are reviewed, validated, and reconciled to ensure accuracy and completeness.
7. Customer onboarding and lifecycle management processes are reviewed to ensure alignment with regulatory standards.
8. Internal teams including Finance, Risk, and Compliance are collaborated with to gather data and ensure accuracy in reports.
9. Maintaining strong documentation and audit trails for all submissions is essential.
10. Data submissions are supported to compliance, internal audit teams, and regulators.
11. Data analytics is leveraged for insights, ensuring proficiency in data extraction, manipulation, and reporting.

The incumbent acts as a catalyst for management of entire control management across the entity life-cycle (onboarding, post-modifications, and closure) of entities identified by our standard operating procedure.

The Incumbent should be well-versed with extant norms and 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 must provide thought leadership and process improvement initiatives by demonstrating control across audit observations, good performance across risk scorecards, and ensuring compliance for reporting to relevant external and internal authorities and control functions.

• 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.

1. Updation of SoPs basis guidelines and compliances laid by Regulator(s) like RBI, UIDAI, CERSAI etc. with respect to manual onboarding operations.
2. Periodic onboarding due diligence – such as creation / management / closure, of accounts, name screening for individual and non-individual entities (including BCs and BC agents), and individuals as authorized signatories of these entities.
3. Ensure clean compliance and reporting, nil audit observations, process adherence from the team as per SoP and way-of-working.
4. Interacting with teams like Product, IT, CBS, CX, Risk, Audit, Compliance, Internal Control (Control Functions).

Primary:

1. Must have working experience in banks for KYC/AML onboarding and management of control tasks such as name screening, risk profile-based customer CDD/EDD, consequence management action, and process enhancement.

Shared:

1. Reporting, analysis, and operations across processes ranging from individual customer to non-individual customer and retailer/distributor verticals.

Contributory:

1. Process improvement in regulatory reporting's.
2. Inputs to business basis control team inputs.

• Graduate/Post-Graduate
• Understanding of KYC guidelines, analysis skill, good skill set on MS Office & SQL.

Deep understanding of RBI guidelines and Regulatory Reporting.