02/12 Govind Abhijith
Deputy Manager at Axis Bank

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Axis Bank - Compliance Role - Retail Liability/KYC & Digital Banking Team (3-5 yrs)

Mumbai/Navi Mumbai Job Code: 869435

About Compliance :

The compliance department ensures that a financial institution complies with applicable laws, regulations and rules, and it plays an essential role in helping to preserve the integrity and reputation of the bank.

About the Role :

Managing the Compliance Risk Management Activities of a) Retail Liability& Investment products (SB Accounts /TD /Debit cards/lockers/Trusts etc) b) Branch Banking Operations & KYC and c) WBP (CA /Government Business/ CMS Operations etc), covering dissemination of regulatory guidelines / implementation, annual compliance risk assessment, product / policy reviews, evaluating the existing processes / controls, carrying out root cause analysis and devising remedial action plan, Reporting to Board.

Key Responsibilities

Regulatory Adherence / Implementation:

1. Understanding of regulatory guidelines / changes in guidelines issued by regulators from time to time and identifying the actionables emanating from the guidelines.

2. Ensuring that the regulatory guidelines / changes in guidelines are promptly disseminated, along with actionables, to the concerned business units / departments for implementation.

3. Monitoring the implementation of the guidelines

4. Identifying the non-compliance / breaches through various sources like Internal Audit, Operational Risk Reports, etc. carrying out root cause analysis and devise remedial action plan in co-ordination with the business unit.

5 Conducting annual compliance risk assessment, assess the residual risk and identify the critical units / areas to be focussed for mitigation of compliance risk.

6. Regular meetings with the business unit heads for discussing the compliance matters / open issues and coordinating/Monitoring the implementation remedial measures.

7. Constant monitoring of open actionables for closure / implementation.

8. Coordinating with stake holders for responses to various queries, Action Taken reports and reposting to Board and Regulator and reviewing them before submission.

Qualifications :

Optimal qualification for success on the job is :

- MBA / Postgraduate with around 3 to 5 years of relevant experience and Banking background.

Role Proficiencies :

For successful execution of the job, a candidate should possess the following :

- Good communication (both verbal & written) and inter-personal skills

- Strong Excel and database manipulation skills, financial and statistical analysis skills)

- Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment

- Ability to prioritize and make decisions in a fast-paced environment

- Ability to work as a part of team and contribute towards team goals

- Ability to manage multiple tasks/projects and deadlines simultaneously

About Axis :

- Incorporated in 1994, Axis Bank is one of India's most trusted banks & the third largest in the private sector. At Axis Bank, customer centricity has always been the foundation of our business. Our efforts to address the requirements of a diverse customer cross-section are powered by robust infrastructure, advanced technology, a comprehensive monitoring & control framework & a large talent pool.

The Bank has a young & engaged workforce of over 70,000 employees, with an average age of 30 years. We are an equal opportunity employer & believe in empowering our employees by offering rich roles, learning opportunities & flexibility to chart their career, their way.

Women-friendly workplace:

Maternity and Paternity Benefits

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