Key Responsible for identifying, assessing, monitoring, managing and reporting on compliance throughout the bank and ensuring compliance of the organizations activities in accordance with the applicable laws, regulatory requirements, policies and procedures. Apprise the Board and senior management on regulations, rules, standards and developments and provide clarification on any compliance related issues. Ensure sustenance of compliance through: Development of a risk-oriented activity plan for compliance assessment and ensuring execution (at least once a year) and The activity plan should be submitted to the Audit Committee of the Board (ACB) for approval and be made available to the internal audit. Adherence to processes by performing sufficient and representative compliance testing. The results of the compliance testing should be placed to Managing Director (MD). Report promptly to the MD about any major changes / observations relating to the compliance risk. Ensure compliance of Supervisory observations made by RBI and/or any other directions in both letter and spirit in a time bound and sustainable manner. Lead sensitive interactions and correspondence with Regulators (RBI, SEBI and Stock Exchanges) including responding to calls for information. Interface with various departments to help implement changes / new regulations as mandated by the RBI and for other regulators. Hold responsibility as the Principal KYC Officer for the Bank (including interface, intervention, and Graduate from a recognized University/ Institution coupled with a recognized accounting qualification i.e., CA, CFA, CWA or MBA (Finance). Candidates with additional qualification like LLB / LLM / Company Secretary would be preferred. Required Minimum 8 years of working experience with at least 5 years in a senior role; strong experience in areas including but not limited to risk management, operations, internal audit & controls, finance, treasury, vigilance, and legal functions within the banking industry with a blend of financial, operational, and regulatory compliance. Strong Stakeholder relationship management and negotiation skills; credibility to positively influence and manage key stakeholders within and outside the Salary will be offered based on the candidates qualifications, experience, overall suitability, last drawn salary, and market benchmark, and shall not be a limiting factor for the suitable Coimbatore, India. (ref:iimjobs.com) Show more Show less
As a Compliance Manager at our organization, you will be responsible for identifying, assessing, monitoring, managing, and reporting on compliance throughout the bank. Your role will involve ensuring that the organization's activities align with applicable laws, regulatory requirements, policies, and procedures. You will play a key role in apprising the Board and senior management on regulations, rules, standards, and developments, providing clarification on any compliance-related issues. Key Responsibilities: - Develop a risk-oriented activity plan for compliance assessment and ensure its execution at least once a year. - Submit the activity plan to the Audit Committee of the Board (ACB) for approval and make it available to the internal audit. - Adhere to processes by performing sufficient and representative compliance testing. - Report promptly to the Managing Director (MD) about any major changes or observations related to compliance risk. - Ensure compliance of supervisory observations made by RBI and/or any other directions in both letter and spirit. - Lead sensitive interactions and correspondence with Regulators such as RBI, SEBI, and Stock Exchanges. - Interface with various departments to help implement changes/new regulations mandated by the RBI and other regulators. - Hold responsibility as the Principal KYC Officer for the Bank. Qualifications Required: - Graduate from a recognized University/Institution with a recognized accounting qualification such as CA, CFA, CWA, or MBA (Finance). - Candidates with additional qualifications like LLB/LLM/Company Secretary would be preferred. - Minimum 8 years of working experience with at least 5 years in a senior role. - Strong experience in areas including risk management, operations, internal audit & controls, finance, treasury, vigilance, and legal functions within the banking industry. - Strong stakeholder relationship management and negotiation skills. Salary for this position will be offered based on your qualifications, experience, overall suitability, last drawn salary, and market benchmark. Your location of work will be Coimbatore, India. Please note that the above details have been referenced from iimjobs.com.,