Posted By
Posted in
Banking & Finance
Job Code
1449551
Assistant Vice President - Compliance
Roles and responsibilities:
Business and other advisory, communication and escalation:
- Provide day to day advice and check and challenge the business on all relevant matters pertaining the Bank including escalating significant matters promptly, providing additional information where requested, analysing/interpreting legal, regulatory and internal policy/procedure issues;
- Maintain regular communication/liaison with relevant senior management, business and others to ensure that they are aware of the business and regulatory risks, including advising them of significant policy matters, regulatory changes, audits and inspections and breaches, if any.
- Work closely with the team to enhance the local compliance culture in the entity through a range of methods, including attendance at local business/other team meetings as appropriate, training, engagement with local risk management, operations and front office staff, identification of and sharing best practices.
- Active involvement in the product approval procedure (from initial discussion stage to roll out of new products) and provide a holistic view on the product and help the business in determining an appropriate control and governance framework.
- Contribute to local, regional and global team meetings/calls, helping identify and share best practices
- Work with local business(es) to address issues identified
- Implement robust management reporting processes on all regulatory and policy matters internally and to regulatory bodies, to ensure timely submission of regular and ad-hoc MI (including but not restricted to conduct risk MI) and input to Region and governance forums.
- Support compliance reviews
Regulatory and other authority liaison:
- Managing regulators' visits, audits and inspections.
- Manage implementation of new regulatory initiatives pertaining to compliance and communicate regulatory requirements to the front office.
- Ensure timely escalation to senior management in case of issues, pending regulatory requirements
- Active involvement in the Risk Based Supervision Process
Training:
- Ensure that appropriate compliance induction, annual refresher, and other topical training is delivered locally/centrally and completed by all staff within agreed timeframes, to include producing or sourcing (e.g. from the central team) the material as required, and ensuring that completion records are maintained locally/centrally.
- Develop and deliver specific regulatory training locally, according to identified risks.
What we're looking for:
- In-depth knowledge and understanding of the regulatory requirements across the functional areas.
- Robust understanding of the various products and services offered by a Scheduled Commercial Bank with focus on RBI regulatory framework
- Post graduate qualification (CA/CS/MBA) and relevant experience commensurate with AVP role gained in the legal or compliance departments of an international investment bank or large domestic institution.
- Strong knowledge of Indian business environment.
- Ability to work closely with other functions to find both technical and procedural solutions.
- Quick thinker with ability to understand complex transactions and explain compliance issues clearly and concisely.
- Ability to learn quickly.
- Ability to take independent decisions and guide business as well as to handle areas of difference with business and escalate.
- Detail oriented, strong team player with a proven track record
Skills that will help you in the role:
- Commercial Effectiveness: Including client and conduct focus and commerciality.
- Control Environment: Including risk management.
- Business Skills: Including delivery of solutions and decision making.
- Management & Leadership: Including people development.
- Personal & Interpersonal Skills: Including communication, influence and collaboration.
- Technical Knowledge.
Desirable skills/Preferred Qualifications:
- Candidates having prior experience in the Compliance funcof Bank will be preferred
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Posted By
Posted in
Banking & Finance
Job Code
1449551
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