Job Description:
NP - Immediate joiners/30 Days
Department - Technology – Risk and Compliance
Proposed Grade Manager / Senior Manager
Reporting To AVP – IT
JD:-
POSITION PURPOSE
Risk and Compliance is as integral part of the Technology team. Risk and Compliance is responsible for driving the compliance to the various internal processes and policies within the Technology team to ensure compliance and effective governance for the smooth execution of the Technology team. As a Manager / Senior Manager in Risk and Compliance, the main role will be to.
1. To independently handle on site regulatory inspection including co-ordination with various stakeholders from Technology standpoint.
2. To independently handle regulatory emails, data requirements and timely response against queries received from regulators/Auditors &Compliance.
3. To compile data from various stakeholders within bank for onwards submission to various regulator/auditors & compliance personal within agreed TAT.
4. Manage end to end Access reviews.
5. Develop and maintain positive and professional working relationship with various stakeholders within the bank.
6. Bridge between Technology and Compliance.
B. Position Responsibilities:
1. Should be able to handle end to end Regulatory Reporting like RBS Trance, Cyber Security KRI, RAR etc. for technology and should submit the same within agreed TAT.
2. Should have hands on experience in handling job where co-ordination with various stakeholders and providing compiled data.
3. Liaison with RBI for obtaining clarifications. Reviewing important communications from/to
regulators/industry body.
4. To act as a Lead for regulatory audits which require involvement of technology team. This will entail coordinating with the regulatory auditors/ InfoSec / Compliance team to deliver information as per the audit plan, share evidence, participate in walkthroughs, submit management responses and closure of Audit observation on a timely basis.
5. Ensuring data required by the regulatory auditors is collated, compiled, presented, understood, and explained as and when needed.
6. Data collation for compliance monitoring, Risk Based Supervision, CSITE data submission and responding to various observations made by the RBI and other regulator.
7. Assist in developing an integrated risk management framework.
8. Ensure design and effectiveness of IT General Controls.
9. Align the policy framework with latest industry standards.
10. Proactively identify areas of weakness and address them before they reach 3rd line of defense.
11. Work closely with 3rd line of defense to prioritize and address issues requiring attention.
12. Should be able to understand, interpret and handle end to end Regulatory submissions on Circulars, Advisories, alerts, letters and questionnaire for technology and should submit the same within agreed TAT.
C. Qualifications and Experience Required:
Essential:- Computer science degree (B. Tech /BCA, BSc (IT) etc.) MBA
Preferred:- Knowledge of Bank Technology functions and Regulatory requirements.
Experience:- Minimum 5-7 years of experience in IT Risk and Compliance role
Understanding of the banking environment.
Working across and with large teams.
Fair understanding of the banking technology functions.
D. Competency Requirements:
1. Technical Skills:- Good understanding of the bank infrastructure, technical aspect viz, vulnerability assessment report, application security report.
Good understanding of regulatory Audit, Compliance and Risk frameworks.
A strong communicator with excellent co-ordination, relationship, and team management skills.
Excellent documentation skills, Very Proficient in MS Office tools, People Management Skills.
2. Behavioral Skills:-
Professionalism - Conducts duties with good judgment and in good faith.
Respect - Sensitive and responsible for what is said and done.
Excellence - Acts in a manner that earns the trust and admiration of others.
Entrepreneurial - Enterprising and take ownership of one’s actions.
Teamwork - Works collaboratively to achieve the common goals and be successful together.
Influence - Influences stakeholders in a smooth, non-abrasive manner.
Leadership - Directs and advises others on performance of their jobs, using appropriate leadership styles while managing different individuals.
Analytical Thinking - The scientific approach to problem solving. Definition; Hypothesis; Facts; Analysis; Solution. Incisive Analytical Skills.
Attention to Detail - Is meticulous and checks on the nitty gritty.
Conceptual Thinking - Ability to identify patterns or links between seemingly unrelated issues.
Problem Solving - Using generic or ad hoc methods, in an orderly manner, for finding solutions.
Adaptable - Adapts to challenging situations.
3. Functional Inter linkages:-
* All teams within the technology department.
* All business functions within the bank.
