AVP - Compliance - Regulatory Reporting

Paytm Payments Bank; Dadri; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Paytm Payments Bank is seeking a Compliance and Regulatory Reporting professional to manage AFI, regulatory correspondences, and reporting to RBI and the Board. The role involves data reconciliation, ensuring accuracy of financial information, and coordinating with internal teams and external auditors.

Key duties include assessing regulatory guideline changes, disseminating actionable steps to business units, and driving a robust compliance program with timely escalation of issues.

Qualifications

• Experience in regulatory reporting and compliance management.
• Data reconciliation and financial data accuracy skills.
• Ability to coordinate with internal teams and external auditors.

Responsibilities

• Manage AFI, regulatory correspondences with RBI and reporting to the Board/ACB.
• Prepare and submit regulatory reports in compliance with authorities.
• Perform data reconciliation to ensure integrity of financial information.
• Assess changes in regulatory guidelines and disseminate actions to business units.
• Drive policy reviews and compliance training, and assist with regulatory inquiries or examinations.
• Regularly monitor KCIs, identify non-compliance, and coordinate remediation actions.
• Report to governance forums and manage tracking of SCN/warnings.

Skills

Regulatory reporting

Financial reporting

Compliance management

Regulatory guidelines

Stakeholder communication

Tools

Regulatory MIS

Job description

Job Description Managing AFI (Pre-Onsite, Onsite and POst-Onsite) Managing Regulatory Correspondences (including SSM Team, RBI) Managing AFI/ SUpervisory Audit Report with timely update to RBI and Reporting to Board/ ACB

Regulatory Reporting:

• Prepare and submit regulatory reports in compliance with relevant regulatory authorities
• Ensure accuracy and completeness of all regulatory filings
• Stay updated on changes in regulatory requirements and assess their impact on reporting processes
• Coordinate with internal teams and external auditors to address any issues or discrepancies in regulatory reports

Financial Reporting:

• Perform data reconciliation to ensure the integrity and accuracy of financial information
• Identify and resolve discrepancies in financial data and reporting
• Develop and maintain documentation for all reporting processes and procedures
• Communicate effectively with internal and external stakeholders regarding financial and regulatory matters

Regulatory adherence / monitoring implementation:

• Assessment of applicable regulatory guidelines and identifying the actions emanating from these guidelines
• Ensuring that changes in applicable regulatory guidelines are promptly disseminated, along with actionable to the concerned business units / departments for implementation
• Driving timely implementation of regulatory changes across various business

Advisory / Consultative Role:

• Driving an effective compliance management program through formulation of policies, review of relevant MIS and timely escalation of issues
• Advising business units on processes / controls from compliance standpoint to ensure adherence to the regulatory guidelines
• Engaging with regulatory authorities to facilitate discussions and/or seek specific guidance on critical matters
• Reviewing new products / change in product features, as a part of PMC/CMC, to be in alignment with the regulatory guidelines
• Review of policies / internal guidelines from compliance perspective, before being disseminated to the units for implementation
• Assisting with regulatory enquiries / examinations

Compliance Testing - Monitoring / Assessment & Obligation Register:

• Consistently monitoring the effectiveness of processes / controls through Key Compliance Indicators (KCIs), compliance testing
• Identifying non-compliance / breaches through various sources like RBI RAR, Internal Audit, Operational Risk Reports, etc., advising business in carrying out root cause analysis and on remedial action plan
• Conducting annual compliance risk assessment and identify critical units / focus areas for mitigation of compliance risk
• Regular meetings with the business / operation / support function unit heads to discuss compliance matters / open issues
• Assisting in development and administration of compliance training to business units

Reporting to Board / ACB / Governance forums:

• Reporting and Updating the Board / Audit Committee of the Board on important regulations and non-compliances / breaches observed in various areas
• Participating in governance forums to advise business from compliance standpoint
• Managing SCN/ Warning/ Caution, etc., keep a track of it and lead the compilation, submission & review .