Job Title : Head - Trade Compliance

Location : Mumbai

Department : Trade Compliance

Role Purpose :

To lead and oversee the bank's trade compliance framework across import, export, remittance and cross-border trade transactions, ensuring adherence to RBI, FEMA, DGFT, AML, sanctions, customs and internal policy requirements.

Key Responsibilities :

- Develop and implement the overall trade compliance strategy for the bank.

- Ensure compliance with RBI, FEMA, DGFT, customs, UCP 600, ISBP, URC, URDG, OFAC, FATF and sanctions-related regulations.

Monitor trade finance transactions such as:

- Letters of Credit

- Bank Guarantees

- Import and Export Bills

- Buyers / Suppliers' Credit

- Cross-border Remittances

- Advance Remittances and Export Proceeds

- Review and approve high-risk or exceptional trade transactions.

- Oversee regulatory reporting including EDPMS, IDPMS, CIMS and other RBI submissions.

Ensure proper monitoring of :

- Overdue export proceeds

- Pending Bills of Entry

- Import payment timelines

- FEMA contraventions and regularization

- LRS and outward remittance controls

- Manage trade-based money laundering (TBML) risks and suspicious transaction identification.

- Establish strong sanctions screening and name screening controls for all trade transactions.

- Coordinate with regulators, auditors and internal stakeholders during inspections and audits and arranging approvals.

- Lead closure of audit observations, RBI inspection points and compliance gaps.

- Draft and update trade finance policies, SOPs and operating guidelines.

- Provide advisory support to business teams on complex trade and FEMA matters.

- Conduct training sessions for branch, operations and business teams on trade compliance and regulatory changes.

- Drive automation and system-based controls in trade processing platforms.

- Lead and mentor the trade compliance team across locations.

- Digital Transformation - Drive the adoption of advanced trade compliance technologies and AI-driven screening tools to optimize operational workflows

Key Skills Required :

Strong knowledge of :

- RBI Master Directions

- FEMA regulations

- DGFT guidelines

- Trade finance products and documentation

- AML/KYC/Sanctions framework

- Excellent understanding of import/export transactions and foreign exchange regulations.

- Ability to identify compliance risks and provide practical solutions.

- Strong analytical, communication and stakeholder management skills.

- Experience in handling regulatory inspections and audits.

- Familiarity with core banking and trade systems such as Finacle, SWIFT, Trade applications, etc.

Educational Qualification :

- Graduate in Commerce/Finance/Banking/Law

Certification in finance or compliance preferred such as :

- CDCS

- CITF, Certificate in Foreign Exchange .

Experience :

- 12-18 years of experience in trade finance, FEMA and banking compliance.

- Minimum 5 years in a leadership role managing trade compliance or trade operations.

Key Performance Indicators (KPIs)

- Zero major regulatory or audit observations.

- Timely closure of compliance issues.

- Reduction in trade processing errors and exceptions.

- Timely and accurate RBI / regulatory reporting.

- Improved turnaround time with strong compliances