Assistant Vice President

DBS Bank

5 - 7 years

4 - 5 Lacs

mumbai

Posted:1 hour ago| Platform:

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Skills Required

risk compliance nse law presentation skills regulatory compliance sebi financial services regulatory requirements legal compliance drafting credit cards bse outsourcing compliance negotiation irda regulations fema communication skills inspection

Work Mode

Work from Office

Job Type

Full Time

Job Description

PRIMARY:

Reviewing and interpreting new laws and regulations and advising Units regarding legal and regulatory requirements impacting Bank including Gold Loans, Co-lending, FEMA
Outsourcing Risk Review for Regulatory requirements
Handling of RBI Inspection and RBI Liasioning
Provide Compliance opinion for New Product Approvals

Job Duties & Responsibilities

Assist in the conduct of RBI Audit and resolution of regulatory issues.
Ensure best practices are adopted and guidelines complied with and that all activities comply with applicable laws, rules and regulations in case of Outsourcing and New products approvals.
Liaise with the Regulators and establish a cordial rapport. Correspond with the regulators, if appropriate.
Proactively forge relationships with a broad range of business areas and third parties to encourage the best quality output and service from the team.
Share know-how and experience with other the legal-compliance team and elsewhere within the DBS compliance and legal function, including participation in any global practice groups relevant to role and expertise.
Managing Inward Correspondence with the regulators.
Addressing queries relating to legal/regulatory risks involved in launch of new products/business, expansion; and
Evaluating suspected violations of laws and regulations in conjunction with Group Compliance.
Disseminating regulations to business and support functions and provide ongoing advisory service to ensure that the Bank operates in accordance with (a) all regulatory and legal requirements; and (b) Group compliance standards.

Competencies

Excellent diagnostic skills and rigorous approach to problem solving
Excellent communication and negotiation skills at all levels, especially drafting & writing skills
Excellent comprehension skills to understand and interpret industry data and economic trends
Strong formal presentation skills to gain acceptance to solutions, both internally and externally
Attention to detail & Tenacious
Ability to think creatively and identify innovative solutions; Should have a stable mindset to handle issues & also be able to think through a problem
Should be able to identify and forecast legal & compliance risks / rewards, in line with proposed business growth & find solutions

Technical Competencies

Extensive financial & technical knowledge of banking and financial services laws
Strong technical ability & ability to grasp new technical areas of law very quickly
Knowledge on BCSBI (Banking Codes & Standards Board of India)
Knowledge on all related laws in India especially laws governing RBI, SEBI, FEDAI, IRDA, AMFI, FIMDA, NSE, BSE, NSDL, CDSL, etc.
Sound knowledge of the overall banking environment (primarily pertaining to Credit Cards)
Must have overview of the applicability of various statutes/ laws applicable.
Must have worked on overall regulatory compliance in Bank for 5-7 years (incl. regulatory advisory or regulatory compliance for Credit Cards business for minimum 2 to 4 years)

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