Job Description:

Key Responsibilities

Regulatory Compliance Activities

Dissemination of Circulars/Guidelines and interpretation of the same

Framing/Review Policies of Compliance Department

Conduct Compliance Risk Assessment / Reviews & preparation of reports

Compliance Testing

Implementation of applications for Compliance (e.g. AML Transactions Monitoring, Compliance Monitoring)

Monitoring and Implementation of Guidelines

Inspection

Handling RBI Inspection and Response to inspection report

Monitoring and ensuring compliance with Inspection Actionables

Reporting

Ensuring timely filing of returns with RBI

Filing CTR & STR

Other Activities

Correspondence with RBI and other authorities

Assisting in tasks related to Customer Complaints, Vigilance.

Vetting/Review of documents Policies, Product Notes, Processes

Handling References and Providing Clarifications

AML/CFT - Scrutiny of Transaction Alerts

Preparing reports, notes for SMT and placing in Board meeting

Team management and providing guidance to compliance staff

Staff Training, Education, Compliance Awareness Activities

Laise with Regulators

Promoting & inculcating Compliance Culture in the organisation

Work Experience Requirements:

12 -15 year post qualification experience in BFSI in Regulatory Compliance (Preferably in Bank, Upper/Mid-Layer NBFC).

Compliance Testing, Audit, Transactions Monitoring

Handling RBI/NHB Inspection and related correspondences

Excellent knowledge of Regulatory and Statutory guidelines

Interacting with Regulators

Sound knowledge MS-Office

Educational Qualification:

CS, LLB, CA, MBA in Banking & Finance, IIBF Certifications (CAIIB, KYC/AML, etc.)