Job Description
Urgent opening with a client of RiverForest Connection - A leading MNC Bank
Head - Compliance ( Vice President or Asst Vice President)
Location - Ahmedabad , Gujrat
Responsible to ensure compliance of all applicable local and international laws and regulations and of internal policies, procedures, guidelines and systems and to ensure development of processes incorporating all of these in order to mitigate compliance, reputational and associated risks and to protect the Banks franchise and its brand.
The position will also be accountable for BaU management of Compliance function of Bank and is the regulatory contact point for Branch
Responsible for ensuring developing and maintaining an adequate compliance framework and governance structure in the entity. This position has the authority to interact with regulators / supervisors directly and ensure compliance in Branch
Role & Responsibilities
• Own and manage Regulatory responsibilities for the Branch, including related systems utilities managing, deployment and monitoring.
• Ensure compliance with the terms of license, regulatory stipulations, guidelines etc. issued by regulatory bodies including but not limited to IFSCA guidelines.
• Manage and monitor dissemination of various regulatory guidelines / updates and internal guidelines to various stake holders in the Bank for necessary action. Ensure tracking, monitoring and validating where required, of submission of various returns / data to Regulators
• Co-ordinate and interact for smooth functioning of onsite / offsite supervision of regulatory bodies, and ensure compliance and closure of observations if any.
• Manage timely reporting of information/ data/ MIS/ escalations as applicable to HO / Region / Local teams of the bank.
• Responsible for developing and maintaining a strong Compliance culture within Branch
• Active participation including attending meetings of Regulators and Banking industrial bodies
• Ensure adherence to AML / FS-related Group policies/ local regulations and execution of associated controls (if any) and to promptly escalate any resulting assessment to the relevant authority / central FS team for necessary action being control function.
• Reporting of information / coordination with to enforcement agencies in India or abroad in coordination with the legal teams as per requirements. For e.g. PMLA act.
• Act as Money Laundering Reporting Officer (MLRO) registered with FIU India for Branch
• Implementation of FS policies and local regulations with respect to Anti Money Laundering / Combatting Terrorist Financing and Sanctions.
• Organise a consistent and coherent roll out of Group Financial Security (GFS) and Market Integrity policies and processes across his / her entity.
• Providing support and coordination for inspections conducted by Group and local regulators
• Continuous and periodical review of AML alerts thresholds, AML alerts dispositioning rules, in close cooperation with the ATOM Hub.
• Escalate sensitive transactions, new activities, new products, incidents and investigations to the Group Financial Security (GFS)
• Implement and Manage the group guidelines Anti bribery and Corruption, Professional Ethics, Protection of interest of clients, whistleblowing guidelines as required by group guidelines / local regulations.
• Ensure support to employees on personal account dealings, conflict of interest etc.
• Act as Anti Bribery and Corruption (ABC) referent and Whistle blowing referent for Branch
• Responsible for overall Compliance of Banks Business
• Support and guidance to business, product and functional teams for new product launches, risk assessment, interpretation etc.
• Coordination with industry association, advocacy , tracking developments/ evolving trends in the industry
• Support for organising Trainings, knowledge sharing sessions, undertaking independent Check and Challenge, risk assessment, root cause analysis etc as required by the assurance / support functions
• Act as a back-up to roles suggested and support in other areas of Compliance activities - as assigned by Territory / Regional Compliance Management
• Understanding of Regulatory guidelines under Banking Regulations Act, FEMA Act, SEBI Act, Contracts Act, Securities Regulations Act, PMLA Act, IFSCA Act , SEZ Act , PIT Regulations etc.
• Understanding of domestic and international clearing and settlement process
• Broad Understanding of International banking regulator, quasi regulatory entities, clearing and settlement entities in India and their roles.
• Domain related system applications
• Good knowledge of overall Banking, especially Fixed Income Business, Derivatives, Transaction Banking, Loans, Trade, Cash Management, Structured Finance, Investment Banking, Wealth Management
• Ability to see connections between businesses and the big picture for the franchise as a whole
• Good knowledge of AML, Sanctions, Corporate Social Responsibility, Privacy, and Market abuse matters
Head - Compliance ( Vice President or Asst Vice President)
Location - Ahmedabad , Gujrat
Responsible to ensure compliance of all applicable local and international laws and regulations and of internal policies, procedures, guidelines and systems and to ensure development of processes incorporating all of these in order to mitigate compliance, reputational and associated risks and to protect the Banks franchise and its brand.
The position will also be accountable for BaU management of Compliance function of Bank and is the regulatory contact point for Branch
Responsible for ensuring developing and maintaining an adequate compliance framework and governance structure in the entity. This position has the authority to interact with regulators / supervisors directly and ensure compliance in Branch
Role & Responsibilities
• Own and manage Regulatory responsibilities for the Branch, including related systems utilities managing, deployment and monitoring.
• Ensure compliance with the terms of license, regulatory stipulations, guidelines etc. issued by regulatory bodies including but not limited to IFSCA guidelines.
• Manage and monitor dissemination of various regulatory guidelines / updates and internal guidelines to various stake holders in the Bank for necessary action. Ensure tracking, monitoring and validating where required, of submission of various returns / data to Regulators
• Co-ordinate and interact for smooth functioning of onsite / offsite supervision of regulatory bodies, and ensure compliance and closure of observations if any.
• Manage timely reporting of information/ data/ MIS/ escalations as applicable to HO / Region / Local teams of the bank.
• Responsible for developing and maintaining a strong Compliance culture within Branch
• Active participation including attending meetings of Regulators and Banking industrial bodies
• Ensure adherence to AML / FS-related Group policies/ local regulations and execution of associated controls (if any) and to promptly escalate any resulting assessment to the relevant authority / central FS team for necessary action being control function.
• Reporting of information / coordination with to enforcement agencies in India or abroad in coordination with the legal teams as per requirements. For e.g. PMLA act.
• Act as Money Laundering Reporting Officer (MLRO) registered with FIU India for Branch
• Implementation of FS policies and local regulations with respect to Anti Money Laundering / Combatting Terrorist Financing and Sanctions.
• Organise a consistent and coherent roll out of Group Financial Security (GFS) and Market Integrity policies and processes across his / her entity.
• Providing support and coordination for inspections conducted by Group and local regulators
• Continuous and periodical review of AML alerts thresholds, AML alerts dispositioning rules, in close cooperation with the ATOM Hub.
• Escalate sensitive transactions, new activities, new products, incidents and investigations to the Group Financial Security (GFS)
• Implement and Manage the group guidelines Anti bribery and Corruption, Professional Ethics, Protection of interest of clients, whistleblowing guidelines as required by group guidelines / local regulations.
• Ensure support to employees on personal account dealings, conflict of interest etc.
• Act as Anti Bribery and Corruption (ABC) referent and Whistle blowing referent for Branch
• Responsible for overall Compliance of Banks Business
• Support and guidance to business, product and functional teams for new product launches, risk assessment, interpretation etc.
• Coordination with industry association, advocacy , tracking developments/ evolving trends in the industry
• Support for organising Trainings, knowledge sharing sessions, undertaking independent Check and Challenge, risk assessment, root cause analysis etc as required by the assurance / support functions
• Act as a back-up to roles suggested and support in other areas of Compliance activities - as assigned by Territory / Regional Compliance Management
• Understanding of Regulatory guidelines under Banking Regulations Act, FEMA Act, SEBI Act, Contracts Act, Securities Regulations Act, PMLA Act, IFSCA Act , SEZ Act , PIT Regulations etc.
• Understanding of domestic and international clearing and settlement process
• Broad Understanding of International banking regulator, quasi regulatory entities, clearing and settlement entities in India and their roles.
• Domain related system applications
• Good knowledge of overall Banking, especially Fixed Income Business, Derivatives, Transaction Banking, Loans, Trade, Cash Management, Structured Finance, Investment Banking, Wealth Management
• Ability to see connections between businesses and the big picture for the franchise as a whole
• Good knowledge of AML, Sanctions, Corporate Social Responsibility, Privacy, and Market abuse matters
💡 Quick Summary
Seeking a career-building opportunity? The Head of Compliance position is now open for candidates interested in the Bank Jobs sector. This role in Ahmedabad offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.