Associate Compliance-Regulatory Relationship

IDFC FIRST Bank; Mumbai; On-site; INR 550,000 - 750,000; Full time

Job summary

IDFC FIRST Bank in Mumbai is seeking an Associate Compliance - Regulatory Relationship to support the Regulatory team in ensuring adherence to RBI guidelines and internal policies. The role involves tracking RBI queries, preparing MIS reports, coordinating audits, and liaising with RBI and senior management on data requests.

You will assist in regulatory submissions, maintain records, and help organize trainings and inspections to ensure timely and accurate responses.

Qualifications

• Graduate - Any
• 1-3+ years in Compliance, Audit, Risk
• Strong coordination with internal and external stakeholders

Responsibilities

• Track, monitor, validate and respond to RBI data requests with internal coordination.
• Maintain MIS reports on RBI ad-hoc queries and data requests.
• Coordinate with internal & external auditors during audits and examinations.
• Coordinate with RBI and Senior Management for data requirements and responses to observations during RBI inspections.
• Assist in submission of RBI data and other regulatory requirements.
• Coordinate with Compliance Advisory for review of ad-hoc submissions and RBI inspection related submissions.
• Monitor timely submission of regulatory requirements.
• Maintain MIS of RBI training and board presentation materials.
• Obtain approvals/ clarifications from Regulators.
• Maintain records of regulatory/statutory communications in hard and soft copies.

Skills

Regulatory Compliance

Stakeholder Coordination

RBI Regulations

Education

Bachelor's degree

Job description

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.

• 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.