Vice President - Regulatory Operations - GDPR (Data Protection) &amp; FATCA Operations (Tax Reporting) GDPR-FATCA-CRS (Must have) Job Title:Vice President Location: Chennai - TC03 Ops (Retail &amp; Business Banking) manages back end processing for Account Management. It handles end to end processing for Personal Banking Customers starting from Onboarding, Account maintenance, Closures, Bereavement Servicing and Tax Operations, Customer Data operations and Onboarding for Business Banking customers. - These critical processes are to be closely supervised to avoid any Customer complaints, compliance, regulatory or reputational issues. There are also additional responsibilities to be discharged as part of this role and it includes managing regulatory requirements, delivering Business initiatives, owning the key strategic priorities of co-location, creating - ops of the future- enabled through RPA / strategic automations. What will you be doing? Where applicable this should include reference to the following; level of accountability, ownership and/or influence on policies and strategy; quantify any financial accountability /budgetary requirements; likely timeframe of role activities; the impact of the role on the team/organisation. - Run an operations unit across cities and sites, - Managing process performance in line with agreed SLA and targets. - Drive a culture of continuous improvement. - Maintain effective working relationships with key stakeholders and related customer business areas. What we're looking for: - Work experience at a senior managerial level of leading large teams across multiple processes - Prior experience in Customer Service - Knowledge of Retail Banking Services and processes - Domain knowledge of Business Banking Services - Knowledge of emerging technology e.g Blue Prism and exposure to tech testing with ops - Experience with leading Financial Services BPOs/Large BPO setup - Excellent track record during past work experience; Stability in previous jobs. Skills that will help you in the role: - RPA and tech applications knowledge - Experience of closely working with Tech teams - Understanding of transformation tools and methods available in the Bank - Understanding of MTP and business financials - The EU General Data Protection Regulation (GDPR) was applied to all EU member state from 25th May 2018. In the UK it replaced the current UK Data Protection Act (DPA) 1998. - The GDPR includes new data privacy requirements as well as enhancements to existing rights under the DPA. The Aim of GDPR is - To harmonise data protection laws across the EU. However, national variations will still exist as countries can pass local exemptions; To increase awareness of the rights of the data subject - To provide greater consumer protection for EU citizens, particularly in the digital era of social networking and - big data - To increase the level of accountability for all organisations. uses and manages a substantial volume of data from EU residents, from customer and prospective customer data, to employee/contractor data. This data is processed either directly or via contracted third parties. Included in the data that use and manage is personal data and all personal data now falls under the scope of the GDPR. As such, has a regulatory responsibility to comply with GDPR. - The key responsibility is to be accountable, i.e., to take actions in line with GDPR, and to be able to explain the compliance with GDPR to data subjects and the Supervisory Authority, as and when required. - Responding to data subjects to inform them about how their personal data is being used and what measures the company has put in place to protect their data - Interacting with third parties, CMS and Solicitors on Subject access request. Interacting with Data Privacy team. Serving as the point of contact between the company and the relevant supervisory authority. To act as point of contact with the regulatory data protection Authority - Responding to data subjects to inform them about how their personal data is being used and what measures the company has put in place to protect their data - Ensuring that data subjects- requests to see copies of their personal data or to have their person data erased are fulfilled or responded to, as necessary. - Following the data processor's instructions as explicated in the Subscription Agreement (SA) and Data Processing Addendum (DPA) (for enterprise customers) or Terms of Service (for self-service customers) - Defining services and features, how data is processed, and the rights and obligations of customers - To be an organisation's privacy champion. To take ownership of compliance and promote it, representing the interests of Data Subjects (customers, subscribers, donors etc). - To identify and mitigate data protection risks; ensuring organisation is compliant with relevant regulation. - Handling audits and to act as point of contact for auditors . - Ensuring Privacy Impact Assessments are part of business-as-usual FATCA &amp; CRS Reporting (Tax Operations) requirements (AM; AVP; VP (levels may vary basis grade)) The Foreign Account Tax Compliance Act (FATCA) was created under the United States tax legislation, designed to prevent both US entities and individuals from evading US taxes. By signing an Inter-Governmental Agreement (IGA), financial institutions are required to identify financial accounts held by US residents and US citizens, or by entities that are organized in the US or controlled by certain US persons and to report that information to the Revenue Agency. All customers are required to be classified under the FATCA regulations, even if they are not connected to the US. In accordance with the IGA requirements, financial institutions began applying their due diligence procedures.. Types of duties will include: - The role of the individual is to perform a range of administrative functions to support the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS). - These tasks must be performed accurately and efficiently. The Operational Specialist will be responsible for maintaining an efficient routing, whilst meeting the bank's operating standards and policies for processing and validating tax forms - Accurately process and validate tax documentation through a set of compliance and group guidelines, supporting Commercial Banking (CMB) and Retail Banking and Wealth Management (RBWM) - Classify the commercial account, confirming the correct tax code for CRA customer tax reporting - Review tax reports to ensure that all customer classifications are accurately coded - Annual reporting to Group Tax for customer tax status and annual validation processing - Follow up with customers to obtain the tax documentation. This position is accountable to accurately and efficiently perform a range of administrative functions. - This position is accountable to maintain an efficient routine while conforming to the bank's operating standards and policies.

Chennai

Vice President - Regulatory Operations - GDPR/FATCA/CRS 

Vice President - Regulatory Operations - GDPR/FATCA/CRS  ,Job Description for Vice President - Regulatory Operations - GDPR/FATCA/CRS  in Black Turtle in  Chennai for (10-15) years of experience. Apply Now!

Job Description for Vice President - Regulatory Operations - GDPR/FATCA/CRS  in Black Turtle in  Chennai for (10-15) years of experience. Apply Now!