Job Description
Business Function Legal, Compliance & Secretariat ensures that the bank's interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders. Job Purpose To ensure regulatory risk is managed, guidelines complied with and that Business initiatives/practise/process and related activities comply with applicable rules and regulations. To assist in Reviewing and interpreting regulatory guidelines and advising Branch Banking Business. Key Accountabilities · Knowledge of Regulatory risk/Ops Risk. · Driving compliance culture and standards · Implementation of regulatory requirements. · Managing regulatory requirements for products/process/policy. · Managing efficient relationship with Regulator/s. · Risk based decision and assessment of various initiatives/Products. · Be trusted Advisor for Business and other stakeholders. · Identifying, escalation and mitigation of regulatory/Compliance risk · Continuous upskilling and learning for managing ever changing complex Regulatory/Compliance requirements Job Duties & responsibilities · Support Branch Banking as Compliance Advisor for all Regulatory requirements. · Support product approval and governance within regulatory framework for Branch Business. · Participate and Present compliance inputs in forums as deputed by Compliance Head. · Managing stakeholder’s expectation within the governance/compliance framework. · Support other team members in discharging compliance agenda · Assist in the managing RBI Inspection and resolution of regulatory issues. · Ensure best practices are adopted and guidelines complied with and that all activities comply with applicable, rules and regulation. · Liaise with the Regulators and establish a cordial rapport. · Share know-how and experience with other the compliance team members and elsewhere within the DBS compliance and legal function, including participation in any global practice groups relevant to role and expertise. · Supporting any assessment/scrutiny required for driving compliance culture/objective. Core Competencies · Knowledge of Liabilities and Branch Banking Business. Diagnostic skills and rigorous approach to problem solving · Communication and negotiation skills at all levels, especially drafting & writing skills Attention to detail Technical Competencies & Experience · 10-12 years of experience in Banking Industry · Extensive financial & technical knowledge of banking and financial services Regulatory aspects. · knowledge of the consumer Banking business. · Must have overview of the applicability of various statutes/ laws applicable. · Must have worked in regulatory compliance in Bank for atleast 2/3 years. Preferably in Liabilities/Branch Banking Work Relationship · Efficient working relationship with all business heads, product managers and other internal support functions. · On going Regulatory engagement- RBI,SEBI,IRDA
💡 Quick Summary
Seeking a career-building opportunity? The QE|++| | Specialist| Business Compliance| Consumer Banking position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
