Bharat Banking:CARO Team

Reports to:

Bharat Banking is a new Department which has been set up to drive different business that the Bank does in Semi Urban and rural markets. The department is expected to drive business outcomes by focusing on partnerships, new products, innovation, reimagining customer journeys and driving / creating new channel.

AbouttheRole

The present role is of CARO, which looks after the Compliance and Risk Assessment for the Bharat Banking department at CO, and also looks after the Risk Control Unit in Bharat Banking. The role of the Bharat Banking CARO team encompasses the following:

• Regulatory Reporting to RBI by way of periodic returns
• Ensuring timely replies to External / Internal Audit reports / RBI queries / RBI inspection reports / Walkthroughs / EGRC open issues
• Disseminating regulations relevant to the department and to the business units
• Correspondence with regulator / BO for complaints / queries
• Preparing and presenting periodic compliance reports / MISs to the department head
• Coordination with external vendors conducting due diligence for the bank and review of the vendor agreements
• Formulating standard processes / process improvements and getting them approved from the competent authorities.

Optimal qualification for success on the job is:

• CA or MBA from a recognized institute
• Other graduates with relevant experience of around 10 years would also be considered

For successful execution of the job, the candidate should possess the following:

• Remain updated with regulatory guidelines and judge the effect of the same on the regulatory returns / compliance required by the department
• Ability to multitask and ensure completion of tasks in hand within timelines
• Ability to build good working rapport with internal stakeholders and to be able to leverage the same for quick turnaround of projects in hand
• Ability to take on new tasks and learn on the job
• Willingness to work on tight deadlines