Compliance with regulatory guidelines and policies is of utmost importance for an IBPS PO (Probationary Officer) as they are responsible for ensuring that the operations of the bank are in line with the rules and regulations set by regulatory authorities. The level of involvement in compliance can be described in the following detail:

Understanding Regulatory Guidelines and Policies:
- IBPS POs need to have a comprehensive understanding of the regulatory guidelines and policies that apply to the banking industry.
- This includes knowledge of laws related to banking operations, customer protection, anti-money laundering, know your customer (KYC) norms, and other relevant regulations.

Implementation and Monitoring:
- IBPS POs are actively involved in implementing and monitoring compliance with regulatory guidelines and policies.
- They ensure that the bank's policies and procedures align with the regulatory requirements.
- This involves reviewing existing processes, identifying gaps, and implementing necessary changes to ensure compliance.
- IBPS POs also monitor the day-to-day operations to ensure adherence to regulatory guidelines.

Training and Education:
- IBPS POs play a crucial role in educating and training bank staff on regulatory guidelines and policies.
- They conduct training sessions to create awareness about compliance requirements and provide guidance on how to adhere to them.
- This helps in building a culture of compliance within the organization and ensures that all employees are aware of their responsibilities.

Reporting and Documentation:
- IBPS POs are responsible for maintaining accurate and up-to-date records of compliance-related activities.
- They prepare reports on compliance status, highlighting any issues or non-compliance, and provide recommendations for improvement.
- Documentation of compliance measures helps in demonstrating the bank's commitment to regulatory guidelines and policies.

Collaboration with Internal and External Stakeholders:
- IBPS POs work closely with various stakeholders, both internal and external, to ensure compliance.
- They collaborate with internal departments such as risk management, legal, and audit to address compliance issues.
- IBPS POs also interact with regulatory authorities and participate in audits and inspections to demonstrate compliance.

In conclusion, an IBPS PO has a high level of involvement in compliance with regulatory guidelines and policies. They need to possess in-depth knowledge of the regulations, actively implement and monitor compliance, provide training and education, maintain accurate documentation, and collaborate with internal and external stakeholders. Compliance is a crucial aspect of their role as it ensures the bank operates in a legal and ethical manner, safeguarding the interests of customers and maintaining the integrity of the banking system.