Job Description
Job Description:
Key Responsibilities
Regulatory Compliance Activities
Dissemination of Circulars/Guidelines and interpretation of the same
Framing/Review Policies of Compliance Department
Conduct Compliance Risk Assessment / Reviews & preparation of reports
Compliance Testing
Implementation of applications for Compliance (e.g. AML Transactions Monitoring, Compliance Monitoring)
Monitoring and Implementation of Guidelines
Inspection
Handling RBI Inspection and Response to inspection report
Monitoring and ensuring compliance with Inspection Actionables
Reporting
Ensuring timely filing of returns with RBI
Filing CTR & STR
Other Activities
Correspondence with RBI and other authorities
Assisting in tasks related to Customer Complaints, Vigilance.
Vetting/Review of documents Policies, Product Notes, Processes
Handling References and Providing Clarifications
AML/CFT - Scrutiny of Transaction Alerts
Preparing reports, notes for SMT and placing in Board meeting
Team management and providing guidance to compliance staff
Staff Training, Education, Compliance Awareness Activities
Laise with Regulators
Promoting & inculcating Compliance Culture in the organisation
Work Experience Requirements:
12 -15 year post qualification experience in BFSI in Regulatory Compliance (Preferably in Bank, Upper/Mid-Layer NBFC).
Compliance Testing, Audit, Transactions Monitoring
Handling RBI/NHB Inspection and related correspondences
Excellent knowledge of Regulatory and Statutory guidelines
Interacting with Regulators
Sound knowledge MS-Office
Educational Qualification:
CS, LLB, CA, MBA in Banking & Finance, IIBF Certifications (CAIIB, KYC/AML, etc.)
Key Responsibilities
Regulatory Compliance Activities
Dissemination of Circulars/Guidelines and interpretation of the same
Framing/Review Policies of Compliance Department
Conduct Compliance Risk Assessment / Reviews & preparation of reports
Compliance Testing
Implementation of applications for Compliance (e.g. AML Transactions Monitoring, Compliance Monitoring)
Monitoring and Implementation of Guidelines
Inspection
Handling RBI Inspection and Response to inspection report
Monitoring and ensuring compliance with Inspection Actionables
Reporting
Ensuring timely filing of returns with RBI
Filing CTR & STR
Other Activities
Correspondence with RBI and other authorities
Assisting in tasks related to Customer Complaints, Vigilance.
Vetting/Review of documents Policies, Product Notes, Processes
Handling References and Providing Clarifications
AML/CFT - Scrutiny of Transaction Alerts
Preparing reports, notes for SMT and placing in Board meeting
Team management and providing guidance to compliance staff
Staff Training, Education, Compliance Awareness Activities
Laise with Regulators
Promoting & inculcating Compliance Culture in the organisation
Work Experience Requirements:
12 -15 year post qualification experience in BFSI in Regulatory Compliance (Preferably in Bank, Upper/Mid-Layer NBFC).
Compliance Testing, Audit, Transactions Monitoring
Handling RBI/NHB Inspection and related correspondences
Excellent knowledge of Regulatory and Statutory guidelines
Interacting with Regulators
Sound knowledge MS-Office
Educational Qualification:
CS, LLB, CA, MBA in Banking & Finance, IIBF Certifications (CAIIB, KYC/AML, etc.)
💡 Quick Summary
Seeking a career-building opportunity? The VP|AVP | RBI Compliance 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.