Compliance Inspection

HITACHI VANTARA INDIA PRIVATE LIMITED; Mumbai; On-site; INR 2,500,000 - 4,200,000; Full time

Job summary

Hitachi Vantara India Private Limited is seeking an experienced regulatory professional to manage RBI submissions and inspections. The role entails coordinating with regulators, ensuring timely data delivery, and maintaining compliance across multiple RBI portals and reports.

The ideal candidate will have CA/CS/MBA qualifications with 6–10 years of relevant RBI experience, strong communication skills, and proficiency in MS Office.

Qualifications

• Qualified CA/CS/MBA with RBI regulatory exposure and relevant experience in regulatory roles.
• 6–8 years in AVP level or 8–10 years in DVP level experience.
• Strong verbal and written communication skills with attention to detail.
• Proficient in MS Office and data compilation for regulatory reports.

Responsibilities

• Coordinate regulatory inquiries and inspections with regulators and stakeholders.
• Oversee RBI onsite inspections and ensure timely submission of data via RBI portals and reports (PRAR, RAR, PRMP, AONC).
• Review RBI submissions including Tranche 1 data, Tranche II data, and Bank Profile submissions to RBI.
• Conduct data validation of Tranche 1 exceptions and obtain explanations from respective stakeholders.
• Liaise with RBI officials to resolve queries and disseminate information to RBI SSM and other RBI departments.

Skills

Communication

MS Office

Attention to detail

Teamwork

Pressure handling

Education

CA/CS/MBA

Tools

MS Office

Job description

Core Responsibilities

• Assisting in regulatory inquiries and inspections including but not limited to coordination with regulators and internal / external stakeholders
• Overseeing efficient conduct of onsite Inspection conducted by RBI including timely submission of data / information to RBI including but not limited to activities pertaining to DAKSH portal requirements, Preliminary Risk Assessment Report (PRAR), Risk Assessment Report (RAR), Proposed Risk Mitigation Plan (PRMP), and Risk Mitigation Plan, Areas of Non-Compliance (AONC).
• Review submission pertaining to RBS Tranche 1 series data and annual submission of RBS Tranche II, Bank Profile to RBI.
• Conduct analysis/preliminary data validation of Tranche 1 series exception points and obtain the explanations for such exceptions from respective stakeholders.
• Liaises regularly and effectively with RBI officials for resolution of queries raised by the stakeholders in the Bank with respect to various RBI submissions.
• Responsible to ensure proper dissemination, coordination & monitoring for timely submission to RBI of adhoc information requests received from RBI SSM team, various other departments of RBI, and those published on Daksh Portal of RBI.
• Circulate Daksh communication to Regulatory Change Management team for information and necessary action.
• Disseminate, coordinate & monitor to ensure timely of routine regulatory reporting on CIMS/Data collector portal and any other activity / task as communicated by compliance senior management.
• MIS management relating to RBI Inspection.

Strategic Responsibilities

• Timely submission of the onsite / offsite / adhoc data & information sought by Reserve Bank of India (RBI) and ensuring responses to the RBI Inspection report are collated in a timely manner.
• Timely submission of RBS Tranche 1 series (Quarterly), Tranche 2 (Annual) data to RBI within the stipulated timelines.
• Ensure timely submission of adhoc returns published on Daksh portal by RBI.
• Assisting with regulatory inquiries and/or examinations. This may include coordination with regulators and other parties.
• Stay abreast of relevant changes to rules / regulations and other industry news including regulatory findings
• Assist the team members in addressing any L1 escalations and keep the Inspection Lead and Vertical Lead informed of the same.
• Additional duties as assigned.

Prerequisite

• CA/CS/MBA with prior relevant experience of (i) AVP – 6 to 8 years; and (ii) DVP – 8 to 10 years.
• Should be well versed with recent developments as regards RBI regulations.
• Should have good verbal and written communication skills with an eye for detail.
• Ability to perform under pressure within the given time lines.
• Should possess good communication / interpersonal / problem solving skills and has to be a quick learner.
• Diligent, hard-working & a team player, with ability to drive outcomes when working with other stakeholders.
• Proficient in working on MS Office tools.