WC-Process, Audit & Compliance Manager-CO-SBB

Experience: 7 - 9 Years

WC-Process, Audit & Compliance Manager-CO-SBB

Internal Usage:

No. of Vacancies: Reports to:WC:Head-Process, Audit & Compliance-CO-SBB

Is a Team leader?YTeam Size:0 to 3

Grade:DM/Manager/ Sr. Manager

Business:Corporate Center Department: SBB Credit Sub-Department:SBB Credit

Location:

About Wholesale Credit

The SBB Credit department in the Bank is a Credit Underwriting department for all the Retail clientele of the Bank. It is also responsible for ensuring the maintenance of a good portfolio quality and for ensuring smooth credit appraisal processes

About the Role

Process audit is a process used to identify potential problem areas in department which highlighted in Audit reports. It helps the department to improve the efficiency of its business with minimum errors. Timely audit reverts to Audit / compliance departments.

Key Responsibilities

• Performs quality assurance reviews; makes recommendations for quality assurance and improvement programs.
• Participates in risk assessments.
• Provides guidance to mitigate potential risks or conflict.
• Informs clients of risk, makes recommendations to resolve risk, and consults with departments on the resolution of recommendations. Researches, executes, and documents compliance reviews.
• Conducts compliance audits, inspections, reviews, and tests.
• Reviews protocols for research projects and advises faculty and staff on regulations and policies.
• Responds to potentially serious compliance issues and violations or consults with management on appropriate responses.
• Reviews information from investigations to ensure resolutions have been satisfactorily implemented or determines if further action is necessary.
• End to end monitoring all regulatory schemes.
• Co-ordination with locations for audit / compliance observations resolution.
• Training to team on persisting errors pointed by Auditors.

Qualifications

Optimal qualification for success on the job is:

• Graduation/ Post- Graduation (MBA/ CA preferred) from a recognized institute
• Experience of over 2 to 5 years in the field of auditing, including financial, operational, and compliance audits

Role Proficiencies:

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

• Knowledge of credit, relevant industry and product trends
• Knowledge of regulatory guidelines and norms
• Good communication (both verbal and written) skill in both English and the local language
• Ability to handle pressure and meet deadlines