Compliance Officer Testing

HITACHI VANTARA INDIA PRIVATE LIMITED; Mumbai; On-site; INR 1,200,000 - 2,200,000; Full time

Job summary

Hitachi Vantara India Private Limited in Mumbai seeks a Compliance professional to conduct reviews of bank functions and new products, ensuring regulatory alignment with RBI norms. You will lead planning, field work, and management discussions.

The role requires preparing checklists, coordinating with stakeholders, and driving issue closure. Strong regulatory knowledge and banking domain understanding are essential for success.

Qualifications

• CA or MBA qualifications preferred.
• Experience in banking regulatory compliance.
• Knowledge of RBI guidelines and regulatory expectations.

Responsibilities

• Preparation of Compliance Review plan to be put up to the Board.
• Preparation and updating of Compliance review checklists in line with guidelines.
• Managing the Compliance Review team to ensure timely completion.
• Undertaking field work and ensuring reviews meet timelines.
• Preparation of Draft Compliance Review report and discuss with stakeholders.
• Obtain responses from stakeholders and prepare Final Compliance Review Report.
• Ensure proper documentation and working papers for reviews.
• Preparation of Open Issue tracker for Compliance Review Reports.
• Follow up with management towards closure of open issues.

Skills

Regulatory knowledge RBI

Guidelines interpretation

Banking domain knowledge

Stakeholder management

Result orientation

Education

CA or MBA qualification

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

• 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.
• Managing the Compliance Review team to ensure that the compliance reviews are completed as per the Compliance review plan.
• 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.
• Good knowledge of all the elements (commercial, operational) of banking areas like Trade, Remittances, Treasury, Loans & Advances e.t.c.
• Good interpersonal skills.
• Demonstrated ability to drive results and be very effective

Open for four different departments

• Trade - Trade Finance, Merchanting Trade, Guarantees, Export Credit, FEMA, Remittances, Trade Surveillance
• Financial Markets - Treasury, Financial Market, Forex/Foreign Exchange, Derivatives, Structured Products, Liquidity Management, Balance Sheet Management, Market Risk
• Credit - Credit Analysis, Credit Underwriting, Credit Due Diligence, Digital lending, NPA classification, Loan restructuring, Credit Risk, Collateral Valuation, LTV ratio, Interest subvention
• Retail - KYC review, AML monitoring, Cards, Cyber fraud, Customer services, Internal Ombudsman,

Preferred candidate profile

CA / MBA (Y/N)

Compliance Professional part of Business/Operations are not involved

Foreign Banks, NBFCs, Small finance banks and Co-operative banks areas where compliance or product audit is done should not involved for the above role.