Job Description
R
Rahul Deep Sharma
Chief Compliance Officer - Bank
Rahul Deep Sharma • Noida, Uttar Pradesh • via IIM Jobs
Full–time
No Degree Mentioned
Apply on IIM Jobs
Job description
The duties assigned to the Chief Compliance Officer (CCO) as per the RBI guidelines include the following key responsibilities:
1. Regulatory Awareness: Inform the board and senior management of relevant regulations, rules, standards, and any developments in compliance matters.
2. Clarification on Compliance Issues: Provide clarification and guidance on compliance-related questions and challenges.
3. Compliance Risk Assessment: Conduct an annual assessment of compliance risks and develop a risk-orientated activity plan for compliance assessment. This plan must be submitted to the Audit Committee of the Board (Bank) for approval.
4. Reporting Changes: Promptly report any major changes or observations related to compliance risk to the board, bank, or MD and CEO.
5. Monitoring Compliance Failures: Periodically report on compliance failures or breaches to the board and bank, and circulate this information to relevant functional heads.
6. Compliance Testing: Monitor and periodically test compliance through sufficient and representative compliance testing, with results reported to the board, bank, and MD and CEO.
7. Sustaining Compliance: Examine the sustainability of compliance as part of compliance testing and the annual compliance assessment exercise.
8. Addressing Supervisory Observations: Ensure compliance with supervisory observations made by the RBI and other directives in a timely and sustainable manner.
The eligibility criteria for the appointment of the Chief Compliance Officer (CCO), as specified by the RBI, are as follows:
1. Rank: The CCO should be a senior executive of the bank, preferably at the rank of general manager or an equivalent position, and not below two levels from the CEO. The CCO can also be recruited from the market.
2. Age: The candidate must not be more than 55 years old.
3. Experience: The CCO should have a minimum of 15 years of overall experience in banking, with at least 5 years specifically in audit, finance, compliance, legal, or risk management functions.
4. Skills: The CCO must possess a good understanding of industry practices and risk management, as well as knowledge of relevant regulations and legal frameworks. They should also be sensitive to the expectations of supervisors.
5. Stature: The CCO should have the ability to exercise independent judgement and possess the authority to interact directly with regulators and supervisors to ensure compliance.
6. Other Requirements: The candidate must not have any pending vigilance cases or adverse observations from the RBI.
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Sushmita Kar
Paytm - Senior Manager/Assistant General Manager - AML/Transaction Monitoring Compliance
Sushmita Kar • Noida, Uttar Pradesh • via IIM Jobs
Full–time
Apply on IIM Jobs
Job description
About Us:
Paytm is India's leading digital payments and financial services company, which is focused on driving consumers and merchants to its platform by offering them a variety of payment use cases. Paytm provides consumers with services like utility payments and money transfers, while empowering them to pay via Paytm Payment Instruments (PPI) like Paytm Wallet, Paytm UPI, Paytm Payments Bank Netbanking, Paytm FASTag and Paytm Postpaid - Buy Now, Pay Later. To merchants, Paytm offers acquiring devices like Soundbox, EDC, QR and Payment Gateway where payment aggregation is done through PPI and also other banks' financial instruments.
To further enhance merchants' business, Paytm offers merchants commerce services through advertising and Paytm Mini app store. Operating on this platform leverage, the company then offers credit services such as merchant loans, personal loans and BNPL, sourced by its financial partners.
About the Team: We are looking for a Senior Manager to join our AML Compliance team. The successful candidate will be an integral part of a collaborative and cross-functional team.
About the role: The Senior Manager will be responsible for leading the AML Transaction Monitoring process. They will work closely with other departments to ensure the compatibility of all aspects of each project. Additionally, the Senior Manager will Lead projects related to AML systems.
Expectations/ Requirement:
1. Lead projects related to AML systems
2. Ensure the quality check process of AML transaction monitoring and name screening alert disposition.
3. Analyse business requirements, gather and document functional and technical specifications, and deliver results based on KPI's.
4. Work closely with stakeholders to develop and document goals and objectives, ensuring that all deadlines are met with a +8% success rate.
5. Develop and maintain tools to monitor and streamline AML operations.
6. Ensure complete compliance with AML policies and regulatory guidelines.
7. Build strong relationships with business teams and stakeholders and address their priorities and concerns, resolving escalations within the prescribed TAT.
8. Perform independent checks of KYC/AML information, along with periodic KYC reviews.
+. Overseeing the quality of closures of alerts at L1/L2 level
Superpowers/ Skills that will help you succeed in this role:
1. Minimum 8-10years years of experience as an AML Manager, ensuring accuracy of reporting of AML transaction monitoring MIS to Board / ACB / Senior Management from time to time.
2. Hands-on understanding of AML monitoring systems and technical specifications for transaction monitoring efficiency
3. Ability to undertake thematic AML reviews based on risk assessment from time to time
4. Certified Anti Money Laundering Specialist (CAMS) with in-depth exposure to KYC checks and risk- based schedules.
5. Proficient in credit and financial policies/procedures, client/stakeholder management, strategic and business planning, SLA/quality management, process, and operational.
6. excellence, operational control, and compliance.
7. Strong verbal and written communication skills with the ability to relate to people at any level of business and management across the globe.
8. Keen eye for requirements gathering, BRD and FSD/SRD documents, and meticulous delivery based on KPIs.
+. Strong relationship management skills with the capability to relate to people at any level of business and management across the globe.
10. Engaging with FIU IND and maintaining the quality of information submitted
Education - CS /MBA /LLB is preferred.
Compensation:
If you are the right fit, we believe in creating wealth for you
With enviable 500 mn+ registered users, 21 mn+ merchants and depth of data in our ecosystem, we are in a unique position to democratize credit for deserving consumers & merchants - and we are committed to it. India's largest digital lending story is brewing here. It's your opportunity to be a part of the story!
Rahul Deep Sharma
Chief Compliance Officer - Bank
Rahul Deep Sharma • Noida, Uttar Pradesh • via IIM Jobs
Full–time
No Degree Mentioned
Apply on IIM Jobs
Job description
The duties assigned to the Chief Compliance Officer (CCO) as per the RBI guidelines include the following key responsibilities:
1. Regulatory Awareness: Inform the board and senior management of relevant regulations, rules, standards, and any developments in compliance matters.
2. Clarification on Compliance Issues: Provide clarification and guidance on compliance-related questions and challenges.
3. Compliance Risk Assessment: Conduct an annual assessment of compliance risks and develop a risk-orientated activity plan for compliance assessment. This plan must be submitted to the Audit Committee of the Board (Bank) for approval.
4. Reporting Changes: Promptly report any major changes or observations related to compliance risk to the board, bank, or MD and CEO.
5. Monitoring Compliance Failures: Periodically report on compliance failures or breaches to the board and bank, and circulate this information to relevant functional heads.
6. Compliance Testing: Monitor and periodically test compliance through sufficient and representative compliance testing, with results reported to the board, bank, and MD and CEO.
7. Sustaining Compliance: Examine the sustainability of compliance as part of compliance testing and the annual compliance assessment exercise.
8. Addressing Supervisory Observations: Ensure compliance with supervisory observations made by the RBI and other directives in a timely and sustainable manner.
The eligibility criteria for the appointment of the Chief Compliance Officer (CCO), as specified by the RBI, are as follows:
1. Rank: The CCO should be a senior executive of the bank, preferably at the rank of general manager or an equivalent position, and not below two levels from the CEO. The CCO can also be recruited from the market.
2. Age: The candidate must not be more than 55 years old.
3. Experience: The CCO should have a minimum of 15 years of overall experience in banking, with at least 5 years specifically in audit, finance, compliance, legal, or risk management functions.
4. Skills: The CCO must possess a good understanding of industry practices and risk management, as well as knowledge of relevant regulations and legal frameworks. They should also be sensitive to the expectations of supervisors.
5. Stature: The CCO should have the ability to exercise independent judgement and possess the authority to interact directly with regulators and supervisors to ensure compliance.
6. Other Requirements: The candidate must not have any pending vigilance cases or adverse observations from the RBI.
Report this listing
More jobs at Rahul Deep Sharma
See web results for Rahul Deep Sharma
Sushmita Kar
Paytm - Senior Manager/Assistant General Manager - AML/Transaction Monitoring Compliance
Sushmita Kar • Noida, Uttar Pradesh • via IIM Jobs
Full–time
Apply on IIM Jobs
Job description
About Us:
Paytm is India's leading digital payments and financial services company, which is focused on driving consumers and merchants to its platform by offering them a variety of payment use cases. Paytm provides consumers with services like utility payments and money transfers, while empowering them to pay via Paytm Payment Instruments (PPI) like Paytm Wallet, Paytm UPI, Paytm Payments Bank Netbanking, Paytm FASTag and Paytm Postpaid - Buy Now, Pay Later. To merchants, Paytm offers acquiring devices like Soundbox, EDC, QR and Payment Gateway where payment aggregation is done through PPI and also other banks' financial instruments.
To further enhance merchants' business, Paytm offers merchants commerce services through advertising and Paytm Mini app store. Operating on this platform leverage, the company then offers credit services such as merchant loans, personal loans and BNPL, sourced by its financial partners.
About the Team: We are looking for a Senior Manager to join our AML Compliance team. The successful candidate will be an integral part of a collaborative and cross-functional team.
About the role: The Senior Manager will be responsible for leading the AML Transaction Monitoring process. They will work closely with other departments to ensure the compatibility of all aspects of each project. Additionally, the Senior Manager will Lead projects related to AML systems.
Expectations/ Requirement:
1. Lead projects related to AML systems
2. Ensure the quality check process of AML transaction monitoring and name screening alert disposition.
3. Analyse business requirements, gather and document functional and technical specifications, and deliver results based on KPI's.
4. Work closely with stakeholders to develop and document goals and objectives, ensuring that all deadlines are met with a +8% success rate.
5. Develop and maintain tools to monitor and streamline AML operations.
6. Ensure complete compliance with AML policies and regulatory guidelines.
7. Build strong relationships with business teams and stakeholders and address their priorities and concerns, resolving escalations within the prescribed TAT.
8. Perform independent checks of KYC/AML information, along with periodic KYC reviews.
+. Overseeing the quality of closures of alerts at L1/L2 level
Superpowers/ Skills that will help you succeed in this role:
1. Minimum 8-10years years of experience as an AML Manager, ensuring accuracy of reporting of AML transaction monitoring MIS to Board / ACB / Senior Management from time to time.
2. Hands-on understanding of AML monitoring systems and technical specifications for transaction monitoring efficiency
3. Ability to undertake thematic AML reviews based on risk assessment from time to time
4. Certified Anti Money Laundering Specialist (CAMS) with in-depth exposure to KYC checks and risk- based schedules.
5. Proficient in credit and financial policies/procedures, client/stakeholder management, strategic and business planning, SLA/quality management, process, and operational.
6. excellence, operational control, and compliance.
7. Strong verbal and written communication skills with the ability to relate to people at any level of business and management across the globe.
8. Keen eye for requirements gathering, BRD and FSD/SRD documents, and meticulous delivery based on KPIs.
+. Strong relationship management skills with the capability to relate to people at any level of business and management across the globe.
10. Engaging with FIU IND and maintaining the quality of information submitted
Education - CS /MBA /LLB is preferred.
Compensation:
If you are the right fit, we believe in creating wealth for you
With enviable 500 mn+ registered users, 21 mn+ merchants and depth of data in our ecosystem, we are in a unique position to democratize credit for deserving consumers & merchants - and we are committed to it. India's largest digital lending story is brewing here. It's your opportunity to be a part of the story!
💡 Quick Summary
Seeking a career-building opportunity? The Paytm | Senior Manager|Assistant General Manager | AML|Transaction Monitoring Compliance position is now open for candidates interested in the Bank Jobs sector. This role in Noida 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.
