Usman Siddiqui
AVP, Business Control and Compliance I Ex-Citi I Moonlighting as a raconteur I 🚴🏼♂️I ⚽️I
- Role
- Assistant Vice President at RBL Bank
- Location
- Gurugram, HR, IN
- LinkedIn followers
- 500 followers
About Usman Siddiqui
Over 9 years of experience in Client Relationship Management in the Banking service & …
Experience
Assistant Vice President
Sep 2022 — Present · Gurugram, IN
Responsibility 1. Responsible for internal business controls and acting as First Level of Defense (FLOD) 2. Review overall compliance of Credit Card business vis-a-vis policies laid out by members of the Board and external banking regulator (Reserve Bank of India). Detailed analysis of every process, product, and portfolio to ensure minimum/no risks to the bank. Rigorous coordination with internal stakeholders/units/multiple line of businesses and operations to course correct any gap, whether potential or existing. Responsible for end-to-end management of the below.>Regulatory Audit (Reserve Bank of India)>Internal Financial control audit >Process quality governance >Internal audit >Statutory audit 6. Regulations: Tracking all regulatory circulars for Credit Cards, Unsecured lending through Credit Cards, ensuring:>Full compliance >Implementation of new circulars >Testing of new functionalities >Ensuring processes are compliant >Tracking closure of non-compliant processes for compliance 7. Regular report preparation that gets presented to the Senior Management Committee Members 8. Keeping a compliance eye on business activities consisting of Sales, Service 9. Ensure all audit observations are analyzed thoroughly to ensure observations are accurate and all open observations are tracked to closure 10. As the First Line of Defense, ensuring Regulatory (Reserve Bank of India) audits and queries are responded to on priority post-due diligence.Projects at RBL Bank Ltd. Reviewed and re-designed the entire MITC (most important terms & conditions) document of Credit Card business for the Bank’s core and co-branded Credit Cards. Perpetual improvisation of various critical Bank policies to ensure complete compliance with regulatory circulars 3. Solving problem incidents and creating risk register
Education
Lucknow University
Bachelor of Commerce - BCom, Business/Commerce, General
2006 — 2009
National Institute of Fashion Technology India
Master's degree, Entrepreneurship/Entrepreneurial Studies
2009 — 2011
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