Job Description: Compliance Team Member (Assets) – Wholesale Banking

Location: Kolkata

Role Overview:

The Compliance Team Member (Assets) will be responsible for ensuring adherence to regulatory requirements within the Bank’s asset business, including SME and Wholesale Banking.

The role involves supporting business units and compliance teams by conducting compliance testing, monitoring, and implementing corrective measures to strengthen governance and regulatory adherence.

Key Responsibilities:

1. Policy & Process Review

• Review policies, products, and processes to ensure alignment with RBI guidelines and regulatory standards
• Identify gaps and recommend corrective actions
• Suggest improvements to strengthen compliance and mitigate risks

2. Compliance Advisory

• Provide guidance to business teams on regulatory requirements
• Review and approve regulatory interface and correspondence
• Monitor regulatory submissions and ensure timely responses
• Interpret regulatory updates and assess business impact
• Assist during regulatory inspections and interactions

3. Reporting & Dashboards

• Prepare compliance dashboards and reports for ongoing monitoring
• Track actionable items and ensure timely closure
• Analyze data trends to improve transparency and control mechanisms

4. Regulatory Compliance Monitoring & Testing

• Conduct regular compliance testing to identify gaps and violations
• Ensure adherence to internal policies and external regulations

5. Stakeholder Coordination & Support

• Collaborate with Asset Business, SME Banking, Operations, Risk, and IT teams
• Support implementation of regulatory changes and compliance initiatives