AM - Legal & Compliance - Bank

Ability to relate all RBI guidelines to corporate banking compliance machinery from time to time.

- Thorough working knowledge of Anti money laundering guidelines.

- Report immediately to Legal Department of Head office all material and significant breached or potential breached of Regulations which he is aware of, future regulatory changes, etc. and its recommendations.

- Carry out some preventive measures against possible suspicious activities like “Money Laundering Prevention” and set up criteria for adherence.

- Maintain an ongoing review program of bank compliance.

- Consolidate and summarize all compliance-monitoring reports and submit it to Legal Department of Head Office for their information.

- Issue Checklist, Worksheet, and Legal Compliance Statement, at least half -yearly, to Legal Department of Head Office.

- Advise Legal Department of Head Office, Audit Department of Head office, and local internal audit, the dates of inspection by local regulators and to provide copies of reports received.

- Dissemination and clarification of RBI circulars

- Provide comments on revising P&P from each Dept.

- Get legal opinion on Compliance Certification items (around taking one-month process from lawyer before signing on Compliance Certification to HO (June & Dec.)

- Submit RBI examination report to HO for review & comment

- Submission of HO approved Response Letter to RBI for annual examination finding

- Timely revising compliance P&P

- Assessment/submission of Risk Profile under Risk Based Internal Audit (see attached sample) to RBI by 7th days after each quarter-end (current within 15 days)

- Progress Report on Risk Management System (including Credit & Marketing Risk) to RBI within 30 days after each quarter-end

Contact - jai@avtarcc.com