Compliance Officer

Yes Bank; Mumbai; On-site; INR 950,000 - 1,200,000; Full time

Job summary

Yes Bank in Mumbai is seeking a compliance reviewer responsible for conducting thorough reviews of banking functions and ensuring adherence to regulatory standards.

The ideal candidate should have at least 5 years of experience in the banking industry, with strong knowledge of the regulatory framework and good interpersonal skills. Responsibilities include preparing compliance plans and checklists, engaging with stakeholders, and documenting findings.

Qualifications

• Minimum experience of 5 years in the Banking Industry.
• In-depth knowledge of RBI regulatory environment for banks in India.

Responsibilities

• Conduct compliance reviews of bank functions and new products.
• Prepare compliance review plan and checklists.
• Ensure completion of compliance reviews within timelines.
• Prepare and discuss Compliance Review reports with stakeholders.
• Follow up on compliance review open issues.

Skills

Knowledge of regulatory environment

Research capabilities

Interpersonal skills

Job description

Role & Responsibilities

Objective

The incumbent would be primarily responsible for conducting Compliance reviews of Banks functions and new products to give reasonable assurance to the Management regarding compliance with regulatory norms.

Responsibilities

• Assistance in preparation of Compliance Review plan to be put up to the Board.
• Preparation and updating of Compliance review checklists in line with the regulatory guidelines/internal policies.
• Undertaking field work and ensuring that the review is completed within the prescribed timelines.
• Preparation of Draft Compliance Review report and discuss the same with the relevant stakeholders.
• Obtain the responses from the stakeholders and preparation of Final Compliance Review Report.
• Ensure proper documentation and working papers are maintained for all the compliance reviews conducted.
• Preparation of Open Issue tracker for Compliance Review Reports issued.
• Follow up with the management towards closure of compliance review open issues.

Essential Competencies

• In depth knowledge of the regulatory environment for the banks in India particularly RBI.
• Good research capabilities and intelligent interpretation of regulatory guidelines.
• Minimum experience of 5 years in Banking Industry.
• Good knowledge of all the elements (commercial, operational) of banking areas like Remittances, Loans & Advances (Retail and Corporate), etc.
• Good interpersonal skills.