Compliance Manager - Advisory - Credit Cards Segment - Bank

Job Description :

Job Title Compliance : Advisory (Credit Cards)

Department : Compliance

Location : Gurgaon

Reporting To : Chief Compliance Officer

Grade : DVP/ VP1

Position Purpose :

Compliance Manager :

The primary objective of the role is to manage :

1. Responsible for providing proactive and expert compliance advisory service to Credit Card Business team

2. Partnering, as appropriate, with business and support groups to manage relationships with regulators and assist with the Banks response to regulatory investigations

3. Designing and monitoring control systems to deal with violations of regulations and internal policies. Assessing the efficiency of control systems and recommend effective improvements regularly

4. Driving and implementation of guidelines/regulation (i.e. DPSS, DBR, FEMA & PMLA) and support various initiative/ projects aimed to align with banks objective.

5. Driving the compliance requirements for implementing the latest regulatory changes. Provide Regulatory Advisory on Business requirements related to Credit Card segment.

6. Compliance Training, Information dissemination in the Business Unit.

7. Any other compliance related tasks being assigned from time to time.

Key Responsibilities :

1. Keep abreast of regulatory developments or other matters affecting the business activities, systems and controls and Communicate changes to policies, procedures and regulatory requirements and oversee implementation thereof.

2. Advisory to Credit Card business colleagues for new products or modification in the existing products as and when required at central level as per the regulations issued by RBI from time to time

3. Adequate communication of new policies/guidelines, timely escalation of compliance related matters, provide approvals for new products, marketing material etc and ensure an environment of adherence to compliance requirements.

4. Identification & implementation of check points to ensure 100% adherence across function as regards applicable regulations (old & new). Monitoring the check points for satisfactory performance.

5. Work towards achieving objectives of compliance functions. Support in monitoring of Compliance requirement through compliance testing

6. Provide timely advice to Business units and support functions relating to regulatory issues requiring intervention with the Head Compliance and help business in getting necessary regulatory approvals.

7. Proactive discussions with business and regulators to anticipate regulatory changes.

8. Enhance interaction internally and with various other teams handling regulatory linkages

9. Prompt dissemination of important regulatory guidelines. Track key regulatory concerns and update Business stakeholders. Keep abreast of papers/ reports published by the regulator and keep stakeholders informed of the key messages and expected policy shifts.

10. Keep an inventory of policy changes for regulator to consider so that Business stakeholders can be advised to influence discussions/ outcomes accordingly.

11. Prompt response to communication from regulators, proactively co-ordinate for Regulatory reviews to ensure regulatory satisfaction and efficient submission of information.

12. Provide regular update to Head- Compliance, CRO.

Qualifications and Experience Requirement :

Qualifications :

Essential : Graduate/Post Graduate

Experience :

Essential : Work experience of 10 to 15 years with excellent people management skills.

- Good drafting skill is a positive.

Skill : Sound understanding of Credit Cards/Payments Compliances, other Compliance Functions, regulatory framework, Banking business, Operations, Compliance & controls

Attribute : Knowledge of Payments system compliance is desired. Hard working professional, fast learner and willing to learn.

Functional Inter-linkages :

Internal & External : The candidate has to work in close coordination with Business, Finance, Operations

and Risk