Excellent Opportunity For AVP

Job Description

Introduction Compliance has emerged as an essential element of corporate governance in banks and financial institutions. The Compliance Function has received a high level of attention from regulators worldwide. Compliance is an integral feature of a well-managed business, capable of creating value through enhanced reputation, investor confidence and lower cost of capital. The Basel Committee on Banking Supervision issued its paper on 'Compliance and the Compliance Function in Banks' in April 2005. The Basel Committee paper lays down broad principles for establishment and functioning of an effective compliance function and independence of the compliance function. The Bank promotes awareness of compliance obligations and ethical values to maintain an appropriate compliance culture throughout its businesses. We are looking for Senior seasoned leader to add value to our compliance culture Key Responsibilities 1-Will be responsible to coordinate with different teams and ensure that all reports (including CSITE returns) are thoroughly verified and validated for timely submission to Regulators 2. Maintain a repository of all reports submitted and collection of information sought by Regulators during multiple audits. 3.Has to support other functions to have thorough understanding of new reporting structures. 4. Has to assist Head of Compliance during RBI supervision, ongoing correspondence with various regulators. 5. Must have complete oversight of RBI reporting to ensure adherence to regulatory norms. 6. Knowledge of instructions issued by RBI on Banking & candidate should have exposure to AML & KYC areas. 7. The job holder will be responsible to liase with business and ensure that all new products, process change (new / existing) are in line with regulation. All offers, marketing programs, communication, pricing changes etc are as per regulation. 8.Has to ensure adherence that new circulars are communicated to stakeholders on ongoing basis. 9. He has to assist functions to develop Board policies as per RBI requirements and ensure the implementation of these policies at operating level. 10. He will have to assist Head of Compliance during RBI supervision, ongoing correspondence with various regulators. 11. Would be responsible to ensure that Bank complies with RBI regulations and provide necessary support to the Chief Compliance Officer. 12. Would assist in Transaction monitoring activities and reporting to FIU. 13. Knowledge of instructions issued by RBI on Banking, Payment system & Currency Management. Kindly share your updated profile with below details- Total Experience- Industry- Current CTC- Expected CTC- Notice-