HDFC Bank - Unit Head - Trade Finance - Compliance

Process Review team - Unit Head :

- The Unit head shall be responsible for conducting various reviews on the processes followed across Trade locations, BCP Drills, conduct training across the Trade Processing locations.

- Single point contact for Trade compliance :

- Pan-India Trade branches and processing centers will refer the cases to compliance officer who needs to revert with extant regulations and final confirmation on transaction.

- If required, co-ordination with RBI, Business, compliance, etc needs to be done

- To review all the circulars issued by various regulatory authorities and implements the same by incorporating revised guidelines into existing processes.

- Roll out of New Processes

- Roll out of new processes or amendment of old processes as and when the internal and external regulations undergo changes. This is a very critical activity since the processes rolled out should be in compliance with the extant RBI rules and regulations.

- Training Users of all Trade branches and processing centers :

- Impart training to the users in all decentralized trade branches, including system training if required. The users are required to be guided on all the internal guidelines and FEMA regulations governing the transactions.

- To help the branches understand the products to be handled by them and make them aware of the internal processes and RBI and ICC regulations governing these products.

- Compliance Liaison Officer for trade function:

- Ensure that all processing units comply with RBI and ICC rules and regulations.

- Update the processing units of all changes in the regulations.

- Ensure that observations of RBI and external FEMA auditors are responded and adequately closed.

- Represent Bank during meeting with Regulators, FEDAI, etc

- To give opinion on cases referred by International Chamber of Commerce, Paris to ICC, India.

- To give opinion on all FEMA related matters referred to FEDAI by member banks

- To give suggestions for improvisation of process

- To write / suggest better processes to RBI on FEMA and other regulations

- Networking with other Banks compliance officer

- To develop network with other bank's compliance dept to understand the implementation of extant regulations. To derive information of best practices of banking industry and implement the same - if it compatible with the banks culture and system.