Lead RBI Regulatory Compliance

Position Overview: Lead - RBI Regulatory Compliance, Retail BankingSummary:The Vice President of RBI Regulatory Compliance at our Client, a Leading Small Finance Bank, will play a critical role in ensuring adherence to regulatory guidelines and policies for retail banking operations within India. This leadership position involves providing strategic regulatory advisory, overseeing compliance monitoring and testing, and facilitating seamless product launches within the retail assets and credit proposal domain.Responsible for RBI Regulatory compliance for the Banks in India.Responsible for Regulatory AdvisoryCompliance monitoring and testing.Responsible for Tranche Returns filing.Product launch compliances – Retail assets & Retail creditDesignation: VP levelNo. of Yrs. of experience: 15 yrs+Qualification: Company Secretary/ Chartered Accountant/ MBACTC: As per market standards.Reporting to: Chief Compliance OfficerFunctional Skills/ Job Requirements and Responsibilities include:Must be working in Retail Business of Indian Bank . Not in Foreign BanksPredominantly worked in Retail Lending Portfolio and NOT in Wholesale portfolioPredominantly should have working knowledge of Retail Assets.Retail Liabilities knowledge may be an added advantageCandidate ideally should be one down of the Chief Compliance Officer of a Bank.RBI Regulation - Extensive knowledge of RBI banking regulations pertaining to retail business. Ensuring compliance to RBI Regulatory/ Policy guidelines for MSME, Retail, MFI, Agri and other retail portfolio. Thorough understanding of regulatory guidelines and the risk emanating out of it.Regulatory Advisory - Provide commercially sound guidance to business teams on regulatory/compliance issues. Actively engage with them to ensure effective implementation of such guidelines. Assist business to effectively assess any regulatory changeCompliance Monitoring/ Testing - Conducting comprehensive compliance risk assessment and implement commensurate risk-based compliance monitoring/testing periodically. This will include Thematic Testing, Testing on RAR Compliances submitted to RBI, Tranche-III, Product Testing, Returns TestingManage and conduct monitoring and testing across compliance risks.Identifying the effectiveness of the design of the control based on testing.Identify control deficiencies / validate control weakness.Proactive engagement with business teams to understand the control in place and discussing design deficiencies, if any.To carry out bank wide the Compliance risk assessmentPolicy/ Process - Identifying & implementing policies/ process in line with extant guidelines and responses to the queries / clarifications sought by various Business / Credit / Operations / Support functions.To vet New Product & Process of the bank from regulatory perspective.Vetting / Scrutiny of Credit proposals from compliance angle