Bharat Banking:CARO Team

Axis Bank
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📍 Mumbai, IndiaRegular

About this role

Bharat Banking: CARO
INTERNAL USAGE
No. of Vacancies:1

Reports to:

BH- BE Wholesale
Is a Team leader?YTeam Size:NA
  
Grade:VP/SVP-1
Business:BHARAT BANKING Department: Bharat EnterprisesSub-Department: 
Location:CO Mumbai
About Bharat Banking 

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.

About the Role

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.
Key Responsibilities
1Anchoring the Supervisory Process for Assessment of Risk and Capital (SPARC) ie Risk Based Supervision (RBS) for Retail Lending Business
2Meeting RBI officials during onsite inspection for various regulatory matters associated with Retail Lending Business
3Analysing new RBI guidelines/changes in the extant guidelines applicable to Retail Lending department, place a synopsis of the same to business and follow-up for their effective implementation
4Identify the controls associated with the new regulatory guidelines and follow-up for effective implementation of the same
5Timely submission of responses to RAR / RMP / internal audit or testing reports & ensuring quality and comprehensiveness of the responses to eliminate requirements of resubmission.
6Seeking clarifications on important regulatory guidelines from Compliance Department/RB
7Implementation of actionable specified in the Risk Assessment Report of RBI
8Handling the entire gamut of activities related to internal and external audit process of the Bank.  The activities span, interaction with the auditors, resolution and responding to all aspects
9Anchoring the EGRC framework of Retail Lending Department
10Reporting of incident and operational errors and identifying potential areas of compliance vulnerability and risk
11Undertaking Testing and monitoring of Key 'Compliance' and 'Operational' Risk indicators
12Ensure adherence and timely implementation of regulatory guidelines raised by compliance units
13Review SOPs to make them effective tools for ensuring compliance with new/revised regulatory guidelines.
14Appropriate updation of risk register (RCM)
15Timely Closure of compliance Issues in GCM / Operational Risk issues / Internal audit issues
16Driving initiatives & actionable under the framework of assessment of risk and compliance culture
17ensuring timely & comprehensive RCAs are done to avoid recurrence of observations.

 

Qualifications

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

 

Role Proficiencies:

 

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

 

Frequently Asked Questions

Is the salary disclosed for the Bharat Banking:CARO Team position at Axis Bank?
The salary for this Bharat Banking:CARO Team role at Axis Bank is not publicly listed. Click "Apply Now" to learn more about the compensation package on their official careers page.
Where is the Bharat Banking:CARO Team position at Axis Bank located?
This Bharat Banking:CARO Team role at Axis Bank is based in Mumbai, India. The position is listed as on-site or hybrid. Check the full job description or apply directly to confirm the work arrangement.
Is the Bharat Banking:CARO Team role at Axis Bank full-time or part-time?
This is listed as a Regular position. It is posted as a Bharat Banking:CARO Team role at Axis Bank.
How do I apply for the Bharat Banking:CARO Team position at Axis Bank?
Click the "Apply Now" button on this page. You will be redirected to Axis Bank's official application portal hosted on ripplehire where you can submit your application directly.
When was the Bharat Banking:CARO Team job at Axis Bank posted?
This Bharat Banking:CARO Team position at Axis Bank was posted on Sep 23, 2026. Apply as soon as possible — early applications are often reviewed first.
Bharat Banking:CARO Team
Axis Bank
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