Compliance Officer - Financial Firm

Job Description - Compliance

Key Responsibility Areas:

- Act as the point of contact for all compliance related matter for RBI reporting.

- Preparation of adhoc data requirements from RBI by coordination with various stakeholders/departments.

- Timely and appropriate communications with regulators to address compliance and other issues/questions.

- Preparation of RBS Tranches, consolidation of the tranche data and onward submission to RBI.

- Handling inspections and data requirements.

- Establish and perfect AML/CTF mechanisms in accordance with relevant laws, regulations, and directives of regulators and head office. Timely update and accuracy in all Compliance/KYC-AML/CTF systems.

- Verification of the KYC documents for new account opening in the Bank. Perform customer due Diligence (CDD) and Enhanced Due Diligence (if required).

- Responsible for the review, revision in the Compliance policies and Procedures.

- Timely evaluation of compliance systems of the branch and identification of issues.

- Imparting Compliance Training and assist HOD to Promote Compliance Culture within the Bank.

- Monitor non-compliance and escalate any issues where non-compliance is not addressed.

- Clear Alerts in the STROMS and BRAINS systems for transaction monitoring/classification review etc.

- Assess compliance risk in all activities undertaken by the first line of defense

- Able to provide support in compliance risk assessment, gaps and escalation processes including enforcement and disciplinary process etc.

- Keep track of regulatory guidelines/instructions/directions for dissemination within the organisation (including senior management).

- Act as contact point within the bank for compliance queries from staff members including provide guidance to staff on the appropriate implementation of applicable laws, rules, standards in the form of policies, procedures and other documents such as compliance manuals, internal codes of conduct, practice guidelines.

- Support the Heads of the department in finishing the departments task in a time bound manner.

- Good understanding of all the key master circulars and notifications issues by RBI. - Conversant with day to day operational aspects of the compliance department.

Preferred Qualities :

- MBA in Finance/CA/Post Graduate with minimum 5 to 10 years of experience in Compliance functions in a bank, preferably foreign banks.

- Relevant training and certification courses would be an added advantage.

- Excellent analytical and statistical skills.

- Should have good communication, presentation and strong analytical skills.