AVP - Compliance - Regulatory Reporting
Noida
Compliance – Compliance /
Replacement /
On-site
Job Description
1. Managing AFI (Pre-Onsite, Onsite and POst-Onsite)
2. Managing Regulatory Correspondences (including SSM Team, RBI)
3. Managing AFI/ SUpervisory Audit Report with timely update to RBI and Reporting to Board/ ACB
Regulatory Reporting:
4. Prepare and submit regulatory reports in compliance with relevant regulatory authorities.
5. Ensure accuracy and completeness of all regulatory filings.
6. Stay updated on changes in regulatory requirements and assess their impact on reporting processes.
7. Coordinate with internal teams and external auditors to address any issues or discrepancies in regulatory reports.
Financial Reporting:
8. Perform data reconciliation to ensure the integrity and accuracy of financial information.
9. Identify and resolve discrepancies in financial data and reporting.
10. Develop and maintain documentation for all reporting processes and procedures.
11. Communicate effectively with internal and external stakeholders regarding financial and regulatory matters.
12. Regulatory adherence / monitoring implementation:
13. Assessment of applicable regulatory guidelines and identifying the actions emanating from these guidelines.
14. Ensuring that changes in applicable regulatory guidelines are promptly disseminated, along with actionable to the concerned business units / departments for implementation.
15. Driving timely implementation of regulatory changes across various business
Advisory / Consultative Role:
16. Driving an effective compliance management program through formulation of policies, review of relevant MIS and timely escalation of issues.
17. Advising business units on processes / controls from compliance standpoint to ensure adherence to the regulatory guidelines.
18. Engaging with regulatory authorities to facilitate discussions and/or seek specific guidance on critical matters.
19. Reviewing new products / change in product features, as a part of PMC/CMC, to be in alignment with the regulatory guidelines.
20. Review of policies / internal guidelines from compliance perspective, before being disseminated to the units for implementation.
21. Assisting with regulatory enquiries / examinations
Compliance Testing - Monitoring / Assessment & Obligation Register:
22. Consistently monitoring the effectiveness of processes / controls through Key Compliance Indicators (KCIs), compliance testing.
23. 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.
24. Conducting annual compliance risk assessment and identify critical units / focus areas for mitigation of compliance risk.
25. Regular meetings with the business / operation / support function unit heads to discuss compliance matters / open issues.
26. Assisting in development and administration of compliance training to business units.
27. Reporting to Board / ACB / Governance forums:
28. Reporting and Updating the Board / Audit Committee of the Board on important regulations and non-compliances / breaches observed in various areas.
29. Participating in governance forums to advise business from compliance standpoint.
30. Managing SCN/ Warning/ Caution, etc., keep a track of it and lead the compilation, submission & review
