AVP - Compliance Advisory

To provide compliance advisory support across key business segments, ensuring adherence to regulatory requirements and internal policies. The role involves proactive engagement with stakeholders to mitigate compliance risks and enable business growth within the regulatory framework.\nKey Responsibilities:\nRegulatory Advisory\nProvide compliance advisory support to the following:\nLiabilities Business – including Branch Banking and related products.\nPayments Business – covering UPI, AePS, Payment Aggregators (PA), Payment Gateways (PG), acquiring solutions, and other payment channels.\nThird-Party Distribution – Mutual Funds, Insurance products, and other investment offerings.\nDigital Banking – advisory on digital platforms, products, and services\n\nInterpret circulars, notifications, and regulatory updates and assess their impact on existing products, processes, and policies.\nCurrent account led products including Govt Agency business\nReviewing Digital Banking Related Products, Policies and Processes. It involves giving feedback and advice to ensure the bank processes are comprehensive and compliant with regulatory guidelines\nAct as a point of contact for compliance-related queries from internal stakeholders.\nPolicy & Framework Management\nAssist in drafting, reviewing, and updating compliance policies, SOPs, and internal guidelines in line with regulatory changes.\nSupport implementation of compliance frameworks, monitoring mechanisms, and control assessments.\nEnsure policies are communicated effectively across departments.\nRisk Assessment & Monitoring\nConduct compliance risk assessments and identify gaps in adherence.\nAdvice on mitigation strategies for regulatory and compliance risks.\nSupport periodic compliance testing and thematic reviews.\nRegulatory Liaison & Reporting\nSupport responses to regulatory inspections, audits, and supervisory observations.\nAssist in preparation and submission of regulatory reports and disclosures.\nCoordinate with internal audit, risk, and legal teams as required.\n\nQualifications & Experience\nChartered Accountant / MBA / LLB or equivalent professional qualification.\n8 –10 years of experience in compliance advisory within banking or financial services.\nAt least, 5 years of work experience in second line of defence Compliance function of a Bank\nStrong understanding of banking regulations, payment systems, and digital banking frameworks.\nStrong knowledge of RBI guidelines and other regulations.\nAbility to engage with senior stakeholders and provide practical compliance solutions.