Unit Manager - Compliance

Job Summary

Regulatory return pre-validation: Perform independent pre-validation of regulatory returns before submission to the regulator on timely basis. Review data completeness, accuracy, reconciliations and; identify exceptions if any; coordinate resolution with return owners for necessary rectification.

Responsibilities

The incumbent will be part of the Compliance function and will independently pre-validate regulatory returns prepared by business and functional teams before submission. The role is responsible for assessing whether reported information is complete, accurate, consistent, and aligned with applicable regulatory instructions.

Understand the applicable regulatory return, reporting instructions, data definitions, frequency, submission timelines and validation rules.

Prepare and maintain a return-wise pre-validation checklist covering data fields, regulatory logic, reconciliations, and documentary evidence.

Validate the completeness and accuracy of return data through source-to-return, exception analysis etc.

Reconcile reported figures with the general ledger, trial balance, source applications and other relevant regulatory or financial submissions, as applicable.

Review changes in reporting methodology, source systems, mapping logic, master data, manual adjustments and regulatory interpretations for their impact on the return.

Discuss exceptions with return owners and relevant stakeholders, obtain clarification and supporting evidence, and ensure corrections are completed before submission.

Document validation checks performed, evidence reviewed, issues identified, management responses received and the final pre-validation conclusion.

Escalate exceptions, unresolved differences, to the appropriate senior management stakeholders.

Maintain a repository of checklists, working papers and other supporting documents etc.

Monitor regulatory changes affecting returns and update validation procedures in coordination with Regulatory Compliance and return-owning functions.

Key Decisions / Dimensions

Regulatory requirements need elaborate reading and interpretation

Validation procedures based on regulatory criticality, materiality, data complexity, past exceptions and changes during the reporting period.

Assess whether identified exceptions are satisfactorily resolved and supported before providing the pre-validation conclusion.

Decide matters requiring escalation due to unresolved differences, inadequate evidence or potential submission delay.

Major Challenges

Regulatory reporting requirements, data definitions and validation expectations are complex

Require continuous learning and timely incorporation of changes if any in the return format.

Return data may originate from multiple products, systems and manual sources.

Changes in products, processes, systems may affect return logic and require proactive assessment before the reporting cycle.

Required Qualifications and Experience

Educational Qualifications and Experience

B.Com, M.Com, MBA with 3+ years of relevant experience in compliance, audit, finance, risk or operations.

Ability to interpret return instructions and data definitions considering RBI guidelines.

Know-how in using MS Office, Customer 360, SFDC

Good analytical, communicating skills and report writing skills.