Senior Manager - Regulatory Compliance And Audit

SBI Card; Gurugram District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

SBI Card is seeking a Regulatory Compliance professional to manage the business's compliance framework in India, including examinations and audits. The role emphasizes monitoring regulatory notifications and coordinating timely responses with internal teams.

The candidate will draft representations to regulators, review policies from a compliance lens, and support cross-functional initiatives to ensure adherence to evolving guidelines.

Qualifications

• Ability to detect emerging compliance and industry trends and develop appropriate responses.
• Ability to operate with due discretion, confidentiality, objectivity and independence.
• Knowledge of regulatory environment.
• Experience of dealing with regulators.

Responsibilities

• Manage regulatory compliance for the business including regulatory examinations and audits.
• Monitor regulatory notifications and assess applicability for SBI Card.
• Coordinate audits and ensure timely closure of recommendations and submissions to regulators.
• Draft business representations to regulators and review policies from a regulatory perspective.
• Drive regulatory initiatives and collaborations with cross-functional teams.

Skills

Emerging trends awareness

Discretion and independence

Regulatory environment knowledge

Regulator interaction experience

Education

MBA or LLB or CS

Job description

Job Description:

About Us

SBI Card is a leading pure-play credit card issuer in India, offering a wide range of credit cards to cater to diverse customer needs. We are constantly innovating to meet the evolving financial needs of our customers, empowering them with digital currency for seamless payment experience and indulge in rewarding benefits. At SBI Card, the motto Make Life Simple inspires every initiative, ensuring that customer convenience is at the forefront of all that we do. We are committed to building an environment where people can thrive and create a better future for everyone.

SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc. SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work.

Join us to shape the future of digital payment in India and unlock your full potential.

What’s in it for YOU

1. SBI Card truly lives by the work-life balance philosophy. We offer a robust wellness and wellbeing program to support mental and physical health of our employees
2. Admirable work deserves to be rewarded. We have a well curated bouquet of rewards and recognition program for the employees
3. Dynamic, Inclusive and Diverse team culture
4. Gender Neutral Policy
5. Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits
6. Commitment to the overall development of an employee through comprehensive learning & development framework

Role Purpose

Managing Regulatory and Statutory Compliance for the business including regulatory examinations and audits.

Role Accountability

Monitor industry regulatory activities and other trends (external and internal) through appropriate early warning systems in order to take pre-emptive actions. The activity includes:

1. Tracking of regulatory notifications on regulatory web portals
2. Review of applicability of a notification, directions, guidelines for SBI Card
3. Tracking of implementation of applicable regulatory notifications/guidelines for reporting the implementation status in various senior management forums
4. Proving inputs for the weekly regulatory newsletter issued by the Compliance department
5. Competition Benchmarking from Compliance perspective

Audits and Inspections

1. Support timely submission of data/information for audit and regulatory examination
2. Monitor implementation of audit recommendations by internal/external auditors and regulators and ensure its timely and effective closure
3. Monitor timely submissions of various reports/returns/responses to RBI and other regulator by business functions.

Business Compliance

1. Partner with relevant functions as appropriate to drive various compliance program requirements by communicating relevant regulatory guidelines and reviewing Business Requirement Document from regulatory perspective
2. Support SBI Card functional areas to deliver regulatory initiatives projects/New Product/Process initiative (NPI)
3. Assist assurance team in preparation of annual assurance plans by sharing relevant regulatory changes implemented across the organization
4. Assist in drafting of business representation to regulators
5. Review Policies and Processes across function from Compliance and Regulatory perspective
6. Drive reporting and timely completion of Regulatory Initiatives and escalation of issues to senior management
7. Operate basis SBI Card guidelines and act on the operating guidelines/ recommendations received from the Board its Committees and Internal Management Committees
8. Provide inputs/recommendations to cross functional project teams from a regulatory perspective

Measures of Success

1. No significant regulator penalties/fines
2. Implementation of regulatory guidelines withing specified/agreed timelines
3. Timely submission of query responses to regulators
4. Cost adherence as per MOU
5. Process adherence as per MOU

Technical Skills / Experience / Certifications

1. Ability to detect emerging compliance and industry trends and develop appropriate responses
2. Ability to operate with due discretion, confidentiality, objectivity and independence
3. Knowledge of regulatory environment
4. Experience of dealing with regulators

Competencies critical to the role

1. Stakeholder Management
2. Business Acumen
3. Problem Solving Skills
4. Analytical Ability
5. Influencing Skills

Qualification

MBA in any discipline/LLB/CS

Preferred Industry

FSI

Requirements: