- Should be from banking industry

- Graduate/Post Graduate in any field, preference to candidates with Banking as a subject.

- JAIIB/CAIIB are preferred.

- 10-12 years in any Commercial Bank, with minimum 5-6 years experience in Compliance/Regulatory/Risk/Audit/Corporate Control functions/Credit - Credit Mid Office, Back office.

Responsibilities :

- Knowledge of NRI accounts, familiarity with FEMA/RBI regulations, Inward/Outward remittances, Forex/Money changers activities, Inland Letters of Credit, Bills discounting, Bank guarantees, other Trade finance activities is desirable.

- Monitor, and as necessary, coordinates compliance activities of all departments to remain abreast of the status of all compliance activities and provides reports on a regular basis to keep senior management informed of the operation and progress of compliance efforts.

- Monitors the performance of the Compliance Program and related activities on a continuing basis, taking appropriate steps to improve its effectiveness.

- Managing and Maintaining Compliance Obligation Register - ensure coverage of all RBI Circulars in it.

- Identification of Compliance Risk in each business line, product and processes

- Map the identified risk to the various functions/departments and compute the inherent risk based on available controls through Test of Design and Test of Effectiveness

- Circulate instances of compliance failures along with preventive instructions

- Periodic inspection through Compliance Testing and review of audit findings on period basis.

- Ensure monitored findings are recorded in appropriate systems and follow-up with business management on the resolution and closure of open issues.

- Giving sign-off on process notes and documentation required for handling various retail asset activities.

- To assist to operate in accordance with all applicable regulations and protect the Bank from compliance and regulatory risks and enhance the reputation of the Bank and avoid reputation / financial loss.

- To support Head - Compliance on Compliance issues, Regulatory changes, Risks across retail asset functions.

- Ensuring compliance with the bank's internal policies, including adequate knowledge of them and documenting compliance as directed by RBI.

- Collaborate with Risk, IAD and handle RBI inspection and its effective closure

- Create Compliance culture in the organization by regular interaction with employees imparting knowledge through e-Circulars, Compliance Certification and Monitoring System, e-learning etc.

- Monitoring Fraud Investigations involving customer accounts and coordinating with investigations with appropriate internal and external resources

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