AVP - Compliance - Regulatory Reporting

• Managing AFI (Pre-Onsite, Onsite and POst-Onsite)
• Managing Regulatory Correspondences (including SSM Team, RBI)
• Managing AFI/ SUpervisory Audit Report with timely update to RBI and Reporting to Board/ ACB

Regulatory Reporting:

• Prepare and submit regulatory reports in compliance with relevant regulatory authorities
• Ensure accuracy and completeness of all regulatory filings
• Stay updated on changes in regulatory requirements and assess their impact on reporting processes
• Coordinate with internal teams and external auditors to address any issues or discrepancies in regulatory reports

Financial Reporting:

• Perform data reconciliation to ensure the integrity and accuracy of financial information
• Identify and resolve discrepancies in financial data and reporting
• Develop and maintain documentation for all reporting processes and procedures
• Communicate effectively with internal and external stakeholders regarding financial and regulatory matters
• Regulatory adherence / monitoring implementation:
• Assessment of applicable regulatory guidelines and identifying the actions emanating from these guidelines
• Ensuring that changes in applicable regulatory guidelines are promptly disseminated, along with actionable to the concerned business units / departments for implementation
• Driving timely implementation of regulatory changes across various business

Advisory / Consultative Role:

• Driving an effective compliance management program through formulation of policies, review of relevant MIS and timely escalation of issues
• Advising business units on processes / controls from compliance standpoint to ensure adherence to the regulatory guidelines
• Engaging with regulatory authorities to facilitate discussions and/or seek specific guidance on critical matters
• Reviewing new products / change in product features, as a part of PMC/CMC, to be in alignment with the regulatory guidelines
• Review of policies / internal guidelines from compliance perspective, before being disseminated to the units for implementation
• Assisting with regulatory enquiries / examinations

Compliance Testing - Monitoring / Assessment & Obligation Register:

• Consistently monitoring the effectiveness of processes / controls through Key Compliance Indicators (KCIs), compliance testing
• Identifying non-compliance / breaches through various sources like RBI RAR, Internal Audit, Operational Risk Reports, etc., advising business in carrying out root cause analysis and on remedial action plan
• Conducting annual compliance risk assessment and identify critical units / focus areas for mitigation of compliance risk
• Regular meetings with the business / operation / support function unit heads to discuss compliance matters / open issues
• Assisting in development and administration of compliance training to business units
• Reporting to Board / ACB / Governance forums:
• Reporting and Updating the Board / Audit Committee of the Board on important regulations and non-compliances / breaches observed in various areas
• Participating in governance forums to advise business from compliance standpoint
• Managing SCN/ Warning/ Caution, etc., keep a track of it and lead the compilation, submission & review