AU Small Finance Bank

Brief Objective of Position & Its Contribution to the Business
Responsible for 1st line of defense for Insurance and Investment products
• Established a sound regulatory compliance framework, regulatory engagement & policy advocacy program.
• Build strong regulatory engagement & direct liaison with all functions and insurance partners
• Draw a detailed and efficient process for implementing all applicable regulations by RBI, IRDAI, PFRDA & SEBI for Insurance and Investment Business
• Always ensure and be ready with all functions for regulatory compliance and audit.
• Represent the Bank in various industry bodies of digital, fintech other working groups on regulatory policies, advocacy programs.
• Create regulatory knowledge for new and renewals of licenses and related registrations.
Key Responsibilities
• Ensure Compliances pertaining to Insurance, Mutual Fund, NPS, PFRDA, PMJJBY, PMSBY, DEMATE.
• Ensure IRDA and AMFI Certification as per regulatory norms
• Implement all regulatory framework & policies & internal governance policies along with all insurance partner in sales and service.
• Liaison with Regulators & Industry bodies for regular updates
• Evaluate the impacts of any new regulation, decision, ability to anticipate issues and proactively create a solution for open gaps and risks
• Build process around regulatory compliance requirements
• New product & Process approvals Ensure applicability of law like data protection, new license regulations and structure/reporting.
• Design and implement Sales Process Reviews across all channels DST, Tele Sales, Web Sales, Group Insurance, POS channels.
• Design and implement Sales Process Reviews across all channels DST, Tele Sales, Web Sales, Group Insurance, POS channels.
• Conduct Compliance Training Sessions in New Employee Orientation
• Set up complete monitoring and tracking program, checklist rollout, Action trackers and reports
• Review all marketing collaterals, literature, factsheets, communiques, and communications
• Regulatory reporting Filings monthly / Quarterly report reports, Annual Audit Certification, and independent audits
• Regulatory reporting Filings monthly / Quarterly report reports, Annual Audit Certification, and independent audits
• Monitoring of AML / FATCA compliance and its reporting
• Conducting and arranging Committee meetings valuation committee, investment committee
• Liasoning with Internal auditors and statutory auditors and effectively handling SEBI, IRDA, PRFDA inspections
• Working with Company Secretary to ensure Compliance with ROC procedures
• Preparation of required material for board meetings
Job Specification (Competencies required to perform the role)
Qualifications - LLB/ MBA finance/ CA (addl. qualification of CS /LLM will be added advantage. LLB preferred because the role involves interpretation and engagement for policy and regulations).
• Minimum 1215 years postqualification in regulatory, legal and compliance function with direct engagement with financial sector regulators like RBI, SEBI, IRDAI, PFRDAI.
• Inhouse regulatory or compliance portfolio of financial services company handling inspection and audit by regulators, direct engagement with regulators.

Functional Competencies :
• Advance Excel with VB and Macros, Reporting skills and Presentation
• Committed and ready to work under constraints/ pressure.
• Liaison skills and ability to participate in industry associations, fintech committees and place the company's viewpoint on regulatory enablement's and issues.
• Demonstrated ability to handle regulatory inspections and audits independently.
• High degree of professional ethics and integrity, Excellent judgement and analytical skills, good interpersonal skills
• Strong & Effective communication and influencing skills

Behavioral Competencies :
• Self-Driven & Proactive
• Result Oriented with a positive outlook
• Wellpresented and businesslike Good speaking & writing skills
• Wellpresented and businesslike Good speaking & writing skills
• Stable career history, Exceptional work ethic & drive, Willing to travel