Team Supervisor - Compliance and Regulatory Inspections

Team Supervisor-Compliance-SUPPORT SERVICES-Compliance

Team Supervisor – Compliance (Inspections)

             

DepartmentComplianceLocationMumbaiNumber of Positions1Reporting RelationshipsReporting to Vertical In Charge

 

The Team Lead – Inspections will be responsible for managing and coordinating all activities related to regulatory inspections conducted by the Reserve Bank of India (RBI). This includes leading a team of compliance professionals, ensuring timely and accurate submissions, and maintaining effective communication with RBI officials and internal stakeholders

 

 

 

Core Responsibilities:

• Lead and manage RBI inspection processes including onsite inspections, data submissions, and follow-ups.
• Act as a liaison with RBI officials to resolve queries and facilitate smooth inspection processes
• 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).
• 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
• Ensure timely submission of routine and ad-hoc regulatory reports via CIMS/Data Collector and other RBI platforms.
• Coordinate with internal departments and external stakeholders to ensure timely and accurate responses to RBI inquiries.
• Review and ensure timely submission of RBS Tranche I and II data, including annual Bank Profile updates.
• Conduct preliminary validation and analysis of Tranche I exception points and coordinate with stakeholders for explanations.
• Disseminate RBI communications and coordinate with the Regulatory Change Management team for necessary actions.
• Monitor and track inspection-related MIS and ensure completeness and accuracy of data.
• 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
• Ensure timely submission of adhoc returns published on Daksh portal by RBI. 
• Stay abreast of relevant changes to rules / regulations and other industry news including regulatory findings
• Assisting with regulatory inquiries and/or examinations. This may include coordination with regulators and other parties.

 

 

 

• CA/CS/MBA with prior relevant experience of 14-18 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. 

Experience Level

Mid Level