AVP/DVP - FEMA Compliance - Bank

This is regarding opening with a leading Pvt Bank as an AVP/DVP - FEMA Compliance

Designation : VP - FEMA Compliance AVP/DVP - FEMA Compliance

Experience : CA/CS/MBA with prior relevant compliance experience > 8 years .

Should carry a good understanding of FEMA regulations, banking products and processes.

Job Role:

Regulatory Advisory & Control Framework:

Support the Business Group by providing detailed and accurate advisory services, ensuring implementation of effective control frameworks for compliance with RBI regulations related to FEMA - Capital and Current Account transactions. Act as a back-up for FEMA-Retail Products compliance.

Product & Policy Review:

Partner with relevant stakeholders to implement new regulatory requirements, review new and variant products, policies, and processes, and provide compliance advisory on applicable FEMA and RBI guidelines.

Regulatory Correspondence & Follow-up:

Review letters and correspondence on regulatory matters to ensure accuracy, completeness, and timely follow-ups with regulatory authorities and internal stakeholders.

Cross-functional Collaboration:

Collaborate with compliance peers on critical compliance projects and group-wide initiatives to strengthen regulatory governance.

Escalation Management:

Promptly identify and escalate key compliance risks or matters of concern to the Vertical Lead and Chief Compliance Officer (CCO).