Compliance Advisory Retail Assets

Pegasus International; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Pegasus International seeks a skilled Banker to join the Compliance department, focusing on regulatory review of retail assets and loan products. The role requires knowledge of RBI norms and hands-on testing of policies, with close collaboration across branches and head office.

Key duties include regulatory liaison, reporting to the Board, and delivering RBI guideline trainings for the credit portfolio. This is a comprehensive compliance-focused role in the Mumbai region.

Qualifications

• Regulatory compliance experience in retail assets (loans and advances).
• Knowledge of RBI regulations on loans and advances, including IRAC norms.
• Familiarity with loan products such as MSME, mortgages and personal loans.

Responsibilities

• Vet new products and processes from a regulatory perspective.
• Review policies and procedures for regulatory compliance.
• Conduct compliance risk assessments and thematic reviews.
• Carry out compliance testing of branches and head office functions.
• Coordinate with internal teams for development and monitoring of the Compliance Testing Framework.
• Track action points from testing/remediation and management responses.
• Assist Head of Compliance in Board and Audit Committee reporting on regulatory matters.
• Collate and submit responses to regulatory observations during inspections.
• Liaise with RBI for clarifications on regulatory issues.
• Disseminate regulatory guidelines within prescribed timelines.
• Identify and track action points from regulatory communications.
• Follow up with stakeholders to ensure guidelines are implemented.
• Provide guidance on RBI credit regulations to business teams.
• Deliver periodic training on RBI guidelines for the credit portfolio.
• Undertake other activities as assigned by Management, CCO, or Supervisor.

Job description

ROLE PURPOSE & OBJECTIVE

We are seeking a highly skilled and experienced Banker to join the Compliance department of the Bank for:

• 1. Regulatory Compliance for Retail Assets (loans and advances)


• 2. Should have knowledge of Loan Products such as MSME, Mortgages, Personal loans


• 3. Should have a working knowledge of RBI regulations on Loans & advances, Inter Rate, IRAC norms etc.


• 4. Should have worked for Retail (NOT Wholesale)Role & responsibilities

II. KEY DUTIES & RESPONSIBILITIES OF THE ROLE

Regulatory & Compliance Review

• Vet new products and processes of the bank from a regulatory perspective.


• Review all policies and procedure manuals of the bank for regulatory compliance.


• Conduct compliance risk assessments and thematic reviews from a regulatory standpoint. Compliance Testing & Monitoring


• Carry out compliance testing of branches and head office functions.


• Conduct RBS Tranche-3 compliance testing.


• Coordinate with internal teams/stakeholders for development, execution, and monitoring of the Compliance Testing Framework.


• Track implementation progress of action points arising from compliance testing, remediation actions, management responses, and process improvements. Regulatory Liaison & Reporting


• Assist the Head of Compliance in apprising the Board and Audit Committee of the Board (ACB) on important aspects related to regulatory inspections.


• Ensure collation and timely submission of responses to regulatory observations during inspections.


• Liaise with RBI for seeking clarifications on regulatory matters.


• Ensure regulatory guidelines are disseminated within prescribed timelines.


• Identify, review, and disseminate action points arising from regulatory communications.


• Follow up with stakeholders to ensure regulatory guidelines are implemented by relevant units.


• Business Support & Advisory


• Provide guidance and support to business teams on queries pertaining to Credit (Wholesale and Retail) regulations/guidelines issued by RBI.


• Training & Awareness


• Deliver periodic training on RBI guidelines pertaining to the credit portfolio.


• Other Responsibilities


• Undertake any other activities or projects assigned by Management, CCO, or Supervisor.