Assistant Vice President Regulatory Compliance

AU Small Finance Bank; Mumbai; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

AU Small Finance Bank invites an experienced professional to join as Assistant Vice President Compliance (Asset Profile) at the Corporate Office in Mumbai to provide robust oversight of the asset-side portfolio, including lending products and RBI reporting.

The role focuses on monitoring adherence, identifying gaps, and ensuring timely remediation, while coordinating with Credit, Risk and Audit to support RBI inspections and regulatory submissions.

Qualifications

• CA / MBA (Finance) / LLB or equivalent is required.
• 6–10 years of banking/NBFC compliance experience with a focus on asset-side compliance, credit monitoring and regulatory reporting.
• Strong knowledge of RBI prudential norms, asset classification and provisioning, and reporting framework.

Responsibilities

• Regulatory Compliance Oversight (Assets): ensure adherence to RBI guidelines on asset products including IRAC norms, large exposures and PSL.
• Asset Portfolio Monitoring: monitor loan accounts and credit exposures for regulatory compliance and data consistency.
• Regulatory Reporting Submissions: review and validate RBI returns, XBRL submissions, and supervisory data requirements.
• Compliance Monitoring Testing: conduct reviews to identify deviations and close gaps.
• Policy Review Implementation: update policies in line with RBI directions and promulgate changes.
• Stakeholder Management: coordinate with Credit, Risk, Operations and Audit; handle RBI inspections.
• Issue Identification Escalation: identify risks and escalate with actionable remediation plans.
• Training Awareness: educate stakeholders on RBI lending regulations and asset classification.

Skills

Regulatory interpretation

Analytical thinking

Attention to detail

Communication

Stakeholder coordination

Education

CA / MBA (Finance) / LLB or equivalent

Tools

Regulatory reporting systems

Data validation

Job description

Role Title:

Assistant Vice President Compliance(Asset Profile)

Function:

Compliance / Regulatory Compliance

Location:

Corporate Office

Reporting To:

Vice President / Head Compliance

Role Purpose

To ensure robust compliance oversight overthe Banks asset-side portfolio , including lending products, credit exposures, and related regulatory reporting, in alignment with RBI regulations and internal compliance frameworks . The role focuses on monitoring adherence, identifying compliance gaps, and ensuring timely remediation.

Key Responsibilities

• 1. Regulatory Compliance Oversight(Assets)
• Ensure adherence to RBI guidelines relating to asset products, including:
• Income Recognition, Asset Classification and Provisioning (IRAC) norms
• Large exposure framework and sectoral exposure limits
• Priority Sector Lending (PSL) requirements
• Provide compliance advisory to business teams on lending structures and asset products.
• Interpret and implement new regulatory developments impacting asset portfolios.

• 2. Asset Portfolio Monitoring
• Monitor compliance of loan accounts and credit exposures with regulatory norms.
• Review deviations in:
• Asset classification
• Restructuring / resolution frameworks
• Interest application and provisioning practices
• Ensure consistency between system data and regulatory requirements.

• 3. Regulatory Reporting Submissions
• Review and validate regulatory reports related to asset portfolios, including:
• RBI returns on asset classification, exposures, and credit data
• XBRL-based submissions and supervisory data requirements
• Ensure accuracy, completeness, and timeliness of submissions to RBI.
• Coordinate submission of NIL returns, wherever applicable.

• 4. Compliance Monitoring Testing
• Conduct periodic compliance reviews and testing of areas approved by the Board
• Identify regulatory deviations and control gaps.
• Track and ensure timely closure of:
• Internal audit observations
• RBI inspection findings
• Compliance testing gaps

• 5. Policy Review Implementation
• Review and update internal credit and compliance policies in line with:
• RBI Master Directions / Circulars
• Support implementation of regulatory changes across credit and operations teams.
• Strengthen internal control frameworks over asset processes.

• 6. Stakeholder Management
• Coordinate with:
• Credit, business, operations, risk, and audit teams
• Support handling of:
• RBI inspection queries
• Supervisory discussions and audits

Assist in preparing structured responses to regulatory observations.

• 7. Issue Identification Escalation
• Proactively identify compliance risks in asset portfolios.
• Escalate material deviations to senior management with actionable insights.
• Work with stakeholders for timely resolution of compliance gaps.

• 8. Training Awareness
• Conduct training sessions for internal stakeholders on:
• RBI regulations on lending and asset classification
• Compliance expectations in credit processes
• Promote a culture of strong regulatory adherence within asset business units.

Key Deliverables / KRAs

• Minimal regulatory observations in RBI inspections related to asset portfolio
• Timely and accurate submission of regulatory returns
• Effective monitoring and reduction of compliance deviations
• Closure of audit and regulatory observations within defined timelines
• Strengthened compliance culture across asset businesses

Required Qualifications Experience

• Qualification: CA / MBA (Finance) / LLB or equivalent
• Experience: 610 years in banking/NBFC compliance, with focus on:
• Asset-side compliance
• Credit monitoring / regulatory reporting

Strong understanding of:

• RBI prudential norms
• Asset classification and provisioning
• Regulatory reporting framework

Key Skills Competencies

• Strong regulatory interpretation skills (RBI framework)
• Analytical ability with focus on asset-level compliance
• High attention to detail
• Effective communication (especially for regulatory/audit responses)
• Stakeholder coordination and problem-solving

Preferred Experience

• Experience in handling RBI inspections / supervisory audits
• Exposure to credit risk, loan operations, and asset lifecycle
• Experience with regulatory reporting systems and data validation

Behavioural Competencies

• High level of integrity and ownership
• Strong compliance mindset
• Ability to work under tight timelines
• Structured and documentation-focused approach

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