Regulatory & Business Compliance Senior Vice President

Senior Vice President - Regulatory & Business Compliance

About Us

SBI Card is a leading pure-play credit card issuer in India, offering a wide range of credit cards to cater to diverse customer needs. We are constantly innovating to meet the evolving financial needs of our customers, empowering them with digital currency for seamless payment experience and indulge in rewarding benefits. At SBI Card, the motto 'Make Life Simple' inspires every initiative, ensuring that customer convenience is at the forefront of all that we do. We are committed to building an environment where people can thrive and create a better future for everyone.

SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc. SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work.

Join us to shape the future of digital payment in India and unlock your full potential.

What's in it for YOU

1. SBI Card truly lives by the work-life balance philosophy. We offer a robust wellness and wellbeing program to support mental and physical health of our employees
2. Admirable work deserves to be rewarded. We have a well curated bouquet of rewards and recognition program for the employees
3. Dynamic, Inclusive and Diverse team culture
4. Gender Neutral Policy
5. Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits
6. Commitment to the overall development of an employee through comprehensive learning & development framework

Role Purpose

Responsible for managing Regulatory and Statutory Compliance for the business including regulatory examinations and audits.

Role Accountability

1. Formulate and execute a compliance program including mechanisms to track regulatory risks and policy compliance to provide pro-active Regulatory and Statutory Compliance support to the business
2. Lead the regulatory examinations/inspections/audits by regulatory bodies
3. Identify emerging Compliance trends, including related regulatory and policy issues that may impact the business
4. Sustain the Compliance Operating Model/program for the business by ensuring timely reporting of metrics to internal committees
5. Monitor functional compliance of all functions within the business & timely closure of actionable by functions
6. Support business growth by partnering with business on new product introductions, marketing proposals, customer communications, marketing material etc. to help identify & resolve any Compliance related risks
7. Work with Sales, Risk, Marketing and the other functional teams to ensure their processes & practices are in compliance with local law regulatory requirements, internal company requirements or corporate policies & procedures
8. Monitor industry compliance activities and other trends (external and internal) through appropriate early warning systems in order to take pre-emptive actions
9. Support the business leadership in driving organizational understanding & adherence to business specific policies & procedures in consultation with Business Compliance Leader
10. Support the business in complying with the various laws and regulations applicable to the Business including but not limited to RBI, SEBI, IRDA, TRAI, UIDAI, FIU-IND etc. & NBFC guidelines and regulations/licenses that may be required to conduct business and/or regulatory requirements and any other emerging risk areas related to local laws/policies
11. Ensure compliance to statutory requirements for locations pan India including S&E/Trade license registrations, renewals, amendments thereof, CLRA registrations and amendments etc.
12. Ensure timely addressal and response on the regulatory/statutory notices received from regulators and statutory authorities
13. Adapt and lead the roll-out and implementation of policies, regulatory excellence and other compliance initiatives, including identifying key Critical-to-Compliance parameters, determining residual risk and improving controls
14. Conduct the Annual Compliance Risk Assessment for the business and present the results to relevant Board Committee and senior management forums
15. Provide periodic certifications to the relevant Board Committees and parent entity on the Compliance status of the business
16. Coordinate with relevant business owners to define gaps/identify and resolve Compliance-related procedural issues and areas of improvement and ensure remediation actions plans are established, implemented and tracked through to closure
17. Evaluate and review critical SBI Card policies, processes, procedures & practices from Compliance standpoint
18. Oversee process documentation and compliance adherence

Measures of Success

1. No significant regulator penalties/fines
2. Implementation of regulatory guidelines withing specified/agreed timelines
3. Timely closure of compliance observations by functions
4. Feedback from business stakeholders (Non-Measurable)
5. No significant observations in Internal / external audit
6. Process Adherence as per MOU

Technical Skills / Experience / Certifications

1. Experience directing and leading the implementation of key Compliance initiatives and projects is desirable
2. Strong grasp of code of conduct, business ethics policies and current compliance practices and industry standards in a relevant services space

Competencies critical to the role

1. Stakeholder Management
2. Problem Solving
3. Business Acumen
4. Influencing skills
5. Process Orientation

Qualification

Compliance/Legal/CS

Preferred Industry

FSI