Head – Regulatory Compliance – Assets & Digital Lending Teams Alpha Orion Consultants

The Corporate Institute; Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

The Corporate Institute is seeking a Compliance & Regulatory Counsel in Mumbai to support the Assets & Digital Lending teams on regulatory matters affecting the bank’s activities in the Advances & Fintech space.

You will advise business teams on regulatory issues, assess changes, assist RBI inspections, coordinate data requests, monitor RBI observations, and ensure timely responses and policy reviews. A strong understanding of RBI guidelines and policy implementation is required.

Responsibilities

• Provide advice and guidance to Assets & Digital Lending teams on all compliance and regulatory matters affecting the Bank’s activities in the Advances & Fintech space.
• Provide advisory to business teams on regulatory/compliance issues and actively engage with them to ensure effective implementation of such guidelines
• Assist business to effectively assess any regulatory change
• Assisting in RBI Inspection, coordinating with various departments for data requests, ensuring submission of the data within timelines
• Closely monitoring RBI Inspection observations and ATR
• Identifying & implementing policies/ process in line with extant guidelines and responses to the queries / clarifications sought by various Business / Credit / Operations / Support functions
• Responsible for periodic review of policies
• Product launch compliances/Asset Compliances, providing feedback from the Compliance standpoint
• Advise business and support units in compliance issues arising in their operations and business
• Assisting in application for various licenses and registrations as may be required putting together all required documents, discussion with stakeholders on various aspects, consolidating information received and submission to RBI as per the formats advised. Providing timely details/ clarifications, as and when asked by RBI
• Review of responses to complaints received from RBI/ Ombudsman as may be required. Ensuring the complaints are responded within TAT

Job description

• Provide advice and guidance to Assets & Digital Lending teams on all compliance and regulatory matters affecting the Bank’s activities in the Advances & Fintech space.
• Provide advisory to business teams on regulatory/compliance issues and actively engage with them to ensure effective implementation of such guidelines
• Assist business to effectively assess any regulatory change
• Assisting in RBI Inspection, coordinating with various departments for data requests, ensuring submission of the data within timelines
• Closely monitoring RBI Inspection observations and ATR
• Identifying & implementing policies/ process in line with extant guidelines and responses to the queries / clarifications sought by various Business / Credit / Operations / Support functions
• Responsible for periodic review of policies
• Product launch compliances/Asset Compliances, providing feedback from the Compliance standpoint
• Advise business and support units in compliance issues arising in their operations and business
• Assisting in application for various licenses and registrations as may be required putting together all required documents, discussion with stakeholders on various aspects, consolidating information received and submission to RBI as per the formats advised. Providing timely details/ clarifications, as and when asked by RBI
• Review of responses to complaints received from RBI/ Ombudsman as may be required. Ensuring the complaints are responded within TAT