National Lead - Outsourcing Compliance
Bajaj Finance
| Job Purpose | This job exists to onboard vendors and manage code creation process across all businesses with specific emphasis on RBI regulatory requirements. |
| Duties and Responsibilities | ? Ensuring completeness and accuracy of vendor related data ? Provide data within internal / external teams for: a. RBI inspections / audits b. Internal audits of Credit Operations c. Internal audits of other departments within BFL ? Managing a team setup at Outsourced/Inhouse location ? Monitoring all partner onboarding channel TAT & SLAβs. ? Handle different type of queries from field team and Business. ? Manage escalations from Businesses and other stakeholders. ? Managing Quality performance of team. ? Initiate multiple projects to minimize error and increase productivity of team ? Identify area of opportunities to simplify onboarding journey of partner. ? Co-ordination with Business and IT for any process change or new process implementation. ? Raising BRDs for any system requirement or change request. ? Co-ordination with business team and IT team for system change management and testing ? Act as project driver for projects and to produce reports for status/result tracking. Identify process improvement opportunities and champion new initiatives to make process scalable. ? Reconciliation between all the systems & to identify the gaps. ? Documents storage and reconciliation of codes. ? Driving the projects related to AOP, LRS to achieve the business goals. Team management ? Participate in selection process to identify the right talent for positions within the team ? Determine individual training needs and development plans to build expertise and enhance skills in the team ? Set objectives, conduct reviews and close appraisal processes for the team as per timelines ? Conducting team discussions on AOP related activities like financials and Projects |
| Key Decisions / Dimensions | Following decisions are taken by the role: ? Facilitate businesses in onboarding right vendors ? Ensure seamless execution of code creation on multiple systems ? Manage productivity of agents and to keep improving the same |
| Major Challenges | ? RBI related vigilance in maintaining vendor related documents (agreements, KYC etc.) and data ? Multiple system level issues / challenges which take higher time to get resolved ? Changes in Regulatory and legal requirement as this impacts the projects decision / changes to be made to the processes |
| Required Qualifications and Experience | a) Qualifications ? MBA / Graduate b) Work Experience ? Minimum 8 years of experience in financial industry ? Past experience in onboarding and operations will be an added advantage ? Should be aware of RBI norms pertaining to KYC and Outsourcing Compliance |
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