Compliance Officer - Risk Based Supervision

• Assist in handling/managing of Onsite Inspection conducted by RBI including the following:
• Collating and reviewing the information to be submitted to RBI inspectors
• Ensuring timely submission of the information requested by the Inspection team
• Effective Co-ordination with internal stakeholders and RBS inspection team
• Track and monitor all requirements of RBI against the timelines (B) Assist in handling of following activities pertaining to Preliminary Inspection & Risk Assessment Report (PIRAR), Inspection & Risk Assessment Report (IRAR) Proposed Risk Mitigation Plan (PRMP) and Risk Mitigation Plan:
• Collate and review the responses to the observations in the PIRAR, IRAR, PRMP and RMP.
• Ensure proper tracking and records maintained at RBS Team on these observations and submissions received.
• Enable and facilitate Closure Meeting with RBI Inspection Team and Bank's management to discuss on annual inspection report.
• Follow up for timely closure of RBS Open issue points and publishing of open issue tracker to Top Management, submission of update to Audit Committee of the Board and RBI. (C) Submission of Tranche and various indents on defined frequency to RBI:
• Collate and review quarterly submission of Tranche1 and Tranche 1 A-H data and annual submission of Tranche 2, 3, Bank Profile to RBI.
• Conduct analysis of Tranche 1 and 1A- H exception points and obtaining the explanations for such exceptions from respective stakeholders. (D) Assist in submission of adhoc information request received from RBI Inspection Team. Follow-up and coordination with various team on adhoc data requirement received from RBI and timely submission of response to RBI.
• Assist in preparation of monthly / quarterly / annual submission to Board / Audit & Compliance Committee

People

Management or

Self-

Management

Responsibilities

• Ensure timely submission of data/ information to Reserve Bank of India

Risk and

Internal Control

• Responsibilities
• Ensure timely and correct submission of data / information to Reserve Bank of India
• Ensure timely closure of open issues
• Good research capabilities and intelligent interpretation of regulatory guidelines.
• Good knowledge of regulatory environment for the banks in India along with all the elements (commercial, operational) of banking areas like Trade, Remittances, Treasury etc.

Minimum

• Qualifications
• Post graduation – CA/CS/ICWA/MBA

Years of

• Experience
• Minimum 5-15 years of experience.

Nature of

• Experience
• Handling of Risk Based Supervision or any other activities like advisory / compliance review etc in Compliance Function of a Big Size Financial Institution