Senior Risk and Compliance Specialist

6 days ago


Mumbai, Maharashtra, India Unity Small Finance Bank Full time

Unity Small Finance Bank is seeking a highly skilled Senior Risk and Compliance Specialist to join our team. This role will be responsible for ensuring the effective management of risk within the Small Medium Enterprises (SME) business unit.

Job Summary

The successful candidate will be responsible for undertaking operational risk reporting, issue closures, testing, and remediation. They will also own the Risk Control Matrix (RCM) document and Compliance Checklist for the SME business unit, ensuring its periodic updating in line with approved Standard Operating Procedures (SOPs), new products, and processes.

Key Responsibilities
  • Operational Risk Reporting: Undertake Op Risk reporting, including Op Loss, Near Miss, and Key Risk Indicators (KRIs).
  • Issue Closures: Manage issue closures from various sources, including Op Risk, Audits, and others.
  • Testing and Remediation: Conduct testing and remediation activities, including RCSA and gap remediation.
  • Risk Control Matrix (RCM) and Compliance Checklist: Own the RCM document and Compliance Checklist for the SME business unit, ensuring its periodic updating.
  • Process Management: Establish appropriate risk culture within the SME business unit, including PAC, SOP, and outsourcing process management.
  • Business Continuity Planning (BCP): Develop and maintain BCP documentation and testing plans for the SME business unit.
  • Regulatory Reporting: Ensure accurate and timely regulatory reporting for the SME business unit.
  • SPOC for Risk Control Purposes: Operate as the single point of contact for other risk control purposes, including IFC, RBI, Audit, and Compliance.
  • Budget and Productivity Management: Monitor budgets and highlight variations to ensure overall cost control and monitor productivity for the SME business unit.
  • BORC and Meetings: Constitute a Business Operations Risk Committee (BORC) and conduct meetings at an agreed frequency, circulating minutes and generating Action Trackers.
  • Documentation and Guidance: Maintain unit's risk-related records and documentation, providing guidance on policies and processes.
Requirements

To be successful in this role, you will need:

  • A Graduate or Postgraduate degree with a minimum 5-7 years' experience in First/Second/Third Line of defence.
  • Experience with Initial Funding/Startup Funding, Venture Debt, Structured Finance, Vendor Financing for ticket sizes of ₹5-25 Crore.
  • Experience in liabilities business for SME customers.
  • Experience in the relevant area of SME Business Unit within a Bank with a good knowledge of Banking products.
  • A Professional Degree will be an added advantage.
  • Understanding of industry trends and developments as well as their impact on the Bank.
  • Strong communication and writing/analytical skills, fluent in written and verbal English.
Estimated Salary:

₹25,00,000 - ₹35,00,000 per annum, depending on experience.



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