Senior Vice President - Compliance - Bank

Job Description :

- Responsible for maintaining a strong Compliance culture in the branch, interact with regulators/supervisors directly and act as SPOC for regulators.

- Monitor, communicate and coordinate applicable Laws, Rules and Regulations issued by the IFSCA from time to time.

- Ensure tracking, monitoring and submission of various returns and ad-hoc requests from the Regulator.

- Implement policies and regulations with respect to Anti Money Laundering / Combatting Terrorist Financing and Sanctions.

- Act as a Principal officer for Anti Money Laundering (AML) related matters for regulatory authorities.

- Periodic review of IBU branch policies, new product SOPs and product notes and ensure modification / update on any gaps in policies or frameworks.

- Support and guide business, product and functional teams for new product launches, risk assessment, interpretation etc.

- Responsible for compliance governance and ensuring adherence to Bank's Compliance Policies / Standards / Procedures.

- Provide relevant and timely compliance advisory (including on matter concerning financial crimes compliance) to the Branch Management and internal stakeholders.

- Participate in and conduct compliance testing in order to effectively identify, detect and remediate of compliance gaps and risks.

- Implement Global Policies, Standards, Procedures, within the branch keeping in view the applicable local regulatory as per IFSCA requirements/expectations.

- Support first line of defense across all business lines in GIFT city branch by advising them with prompt and balanced solutions while ensuring that key compliance risks and regulatory requirements are duly addressed.

- Drive and support high standards of compliance framework through the ongoing delivery of an organized and structured Compliance Program (including financial crimes compliance), periodic Compliance Risk Assessment and Management Information.

- Impart trainings on various compliance topics to FLOD while implementing a new Policy/Procedure and on an ongoing basis, as per Bank's internal framework.

- Escalate critical compliance matters to the senior management, under guidance from local/ regional/global compliance management.