VP - Compliance - Inv Banking

ROLE RESPONSIBILITIES:

The role requires developing a strong Compliance function

- Assess Business Concept Origination docs provided by Operations team / Business Heads to ensure new activities / services carried out from the Centre are in compliance with the operational model agreed with on-shore Compliance/ Regulatory teams and Tax.

- New Business Strategies - Assess new service concepts / list of activities that could be done for respective on-shore locations.

- Disseminate any specific Regulatory / Policy changes that impacts the organization, as informed by Global Compliance/ Regulatory/ Infra teams.

- Introduction of Risk mitigation measures- e.g. Compliance Travel Undertaking for all on-shore travel, Operational WBTs / face to face trainings, KOPs Regulatory matrix doc etc.

- Represent and influence various risk management committees like the Infrastructure risk review Committee, Incident Management Group, Control Group, etc.

- Liaise with Regional Compliance Control room with regards to reconciliation of delinquencies and accuracy of records and wall crossings

- Advice on appropriate Chinese wall arrangements, in coordination with on-shore Compliance, in terms of the physical and electronic barriers – i.e. lay-outs, seating arrangement, use of privacy screens, access controls, conflict clearance and wall crossings

- Engage with Business Heads to assess pipeline business plans and advice on feasibility from Compliance / Regulatory perspective

- Facilitate transition of work into or out by ensuring all Compliance requirements are fully met.

- Conduct periodic reviews of operations to provide confidence to management about level of compliance

- Conduct training and develop training content to foster a culture of compliance

- Reminders of Mandatory Compliance Policies and Procedures

PERSON SPECIFICATION:

- Should have understanding of investment banking and traditional banking business

- Understanding of local and international laws that regulate banking business

- Understanding of data protection laws in service centre locations and also major countries globally

- Understanding of outsourcing laws in service centre locations

- Ability to conduct classroom training to effectively deliver compliance messages

- Ability to work in silo or in large virtual teams

Soumya Venugopal