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Consultant - RBI Regulatory Compliance

  • Full Time
  •  On-Site - Mumbai / Navi Mumbai
  • 6 months
  • Project posted on: 30/11/2023

Consultant - RBI Regulatory Compliance

  • Finance
  • Credit and risk analysis
  • Compliance

On-Site - Mumbai / Navi Mumbai

Full Time

6 months


Assignment Details

Our client, A new age Digital First Bank, is looking for a consultant - RBI regulatory compliance for the following responsibilities broadly:
(1) Responsible for RBI Regulatory compliance for the Banks in India.
(2) Responsible for Regulatory Advisory
(3) Compliance monitoring and testing. Responsible for Tranche Returns filing.
(4) Product launch compliances – retail assets/ credit proposal

Key Requirements:
1.Extensive knowledge of RBI banking regulations pertaining to retail
business. Ensuring compliance to RBI Regulatory/ Policy guidelines for MSME, Retail, MFI, Agri and other retail portfolio
2.Thorough understanding of regulatory guidelines and the risk emanating out of it.Regulatory Advisory - Provide commercially sound guidance to business teams on regulatory/compliance issues. Actively engage with them to ensure effective implementation of such guidelines. Assist business to effectively assess any regulatory change
3.Compliance Monitoring/ Testing - Conducting comprehensive compliance risk assessment and implement commensurate risk-based compliance monitoring/testing periodically. This will include Thematic Testing, Testing on RAR Compliances submitted to RBI, Tranche-III,
4.Product Testing, Returns Testing - Manage and conduct monitoring and testing across compliance risks.
5.Identifying the effectiveness of the design of the control based on testing.
6.Identify control deficiencies / validate control weakness.
7.Proactive engagement with business teams to understand the control in place and discussing design deficiencies, if any.
8.To carry out bank wide the Compliance risk assessment
9.Policy/ Process - Identifying & implementing policies/ process in line with extant guidelines and responses to the queries / clarifications sought by various Business / Credit / Operations / Support functions.
10.To vet New Product & Process of the bank from regulatory perspective- Vetting / Scrutiny of Credit proposals from compliance angle.

Skills Required

- Must be working in a retail Indian Bank. Not only in Foreign Banks
- Predominantly worked in Retail portfolio
- Predominantly should have working knowledge of Retail Assets. Retail Liabilities knowledge may not be MUST

About the Client




Minimum Experience:

10+ years

Additional Skills:

  • Corporate Taxation
  • Credit Analysis
  • F&A Operations
  • Gap Analysis
  • RBI submissions
  • Compliance
  • FinTech
  • Credit Risk Management

No of open positions:


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