Associate Compliance-Regulatory Relationship

IDFC FIRST Bank · India

Job Title – Associate Compliance - Regulatory Relationship

Place of work - Mumbai

Function – Compliance

Job Purpose:

The role entails the responsibility to support Compliance Manager in ensuring bank's policies and procedures comply with regulatory and ethical standards. It includes evaluating all current and new compliance regulations, reviewing bank's processes, and leading training sessions.

Roles & Responsibilities:

• Tracking, monitoring, validating and responding to ad-hoc RBI queries and data requests received from RBI by coordinating with internal stakeholders.
• Maintain daily, weekly and monthly MIS reports on status of ad-hoc queries and data requests received from RBI.
• Coordinate with internal & external auditors during audits and examinations, ensuring timely and accurate communication.
• Coordinate with RBI and Bank’s Senior Management for data requirements, meetings, and responses to draft observations, etc., during the RBI inspection
• Assist in the submission of RBS data and other regulatory requirements.
• Coordinate with Compliance Advisory team for review of ad-hoc submission and RBI Inspection related submissions.
• Monitoring timely submission of Regulatory requirements.
• Tracking, monitoring, validating and responding to the queries and data requests received from SLBC.
• Maintain MIS of Incognito Visit, RBI training, internal/external training for presenting in Board, ACB and other Management Committees
• Obtaining the required approvals/ clarifications from the Regulators.
• Maintaining the records of all Regulatory/ Statutory Communications in hard as well as soft copies.

Educational Qualifications:

Graduate - Any

Experience:

Minimum of 1 -3+ years in Compliance, Audit, Risk other Support functions.