Assistant Compliance Officer

Reporting to: Head-Compliance

Qualification : MBA, CA, MCOM, M-Tech, MA (Economics)

Experience Requirements :

- 4-5 years experience in a Consulting Company (in BFSI vertical)/Bank/NBFC in India with at least 3 years experience in Regulatory Compliance.

- Preferably if candidate is in a consulting company advising Banks/NBFCs on compliance.

- Candidates working in compliance in Mutual Fund, Broker entities shall also be considered.

Tasks Description : The selected candidate shall be expected to perform the following tasks (but not limited to):

a. Have good knowledge of all RBI regulations with respect to SCBs in general and Payments Banks in particular

b. Have knowledge of UIDAI, AMFI, SEBI, IRDA regulations with respect to payments, settlement, financial products

c. Have good knowledge of regulatory framework for debt and equity markets in India

d. Implement compliance framework including non-compliance risk identification, assessment, monitoring and mitigation

e. Have experience and knowledge in implementing Anti-Money Laundering framework including alerts monitoring, investigation, suspicious transaction monitoring, AML reporting, etc

f. Implement Compliance database comprising compliance checklists, periodic updates of guidelines, compliance reviews, case archives, etc

g. Coordinate reporting requirements to RBI. Coordinate Risk Based Supervision requirements

h. Prepare and circulate Compliance guidance from time to time

i. Conduct compliance review on new products, process, channels basis detailed study of all relevant guidelines across regulators and provide interpretation to guidelines as required

j. Ensure compliance preparedness of all products, processes, channels and business initiatives of the Bank pre-launch

k. Assist in spreading awareness on Compliance and relevant regulatory guidelines across all functions of Bank

l. Proactively identify sources of compliance risk and work jointly with relevant functions for their mitigation

m. Implement compliance monitoring framework in order to pro-actively monitor possible compliance issues. Also implement compliance certification process

n. Assist in interaction with regulators on key issues relevant to the Bank and coordinate responses to regulator queries on key compliance areas with relevant stakeholders

The Selected candidate shall also perform any other task as are deemed relevant to his/her profile by the Bank

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