Dept: Wholesale Banking Products
Role : Compliance & Risk Officer Trade Forex, Correspondent Banking and Supply Chain Fice
INTERNAL USAGE
No of Vacancies1Reports toHead CAROIs a Team leaderYTeam Size1 plus 2GradeVice PresidentBusinessWholesale BankingDepartmentWholesale Banking ProductsSub-DepartmentTrade Forex, Correspondent Banking and Supply Chain FiceLocationMumbaiAbout Wholesale Banking ProductsWholesale Banking in Axis Bank works along with large, mid-corporate and multi-national clients as well as commercial banking group (including small and medium enterprises as well as micro, small and medium enterprises) and provides customized solutions across loan and fee-based products and servicesWithin the wholesale bank, the Wholesale Banking Products Group focuses on transaction banking or flow businesses, ie current accounts, collection & payments solutions, trade services, forex remittances, capital market solutions as well as supply chain ficingThe Digital team within Wholesale Banking Products Group works on the conceptualization, design, development, adoption and usage of digital customer journeys across the entire gamut of transaction banking and treasury productsAbouttheRoleLiase with Compliance, Risk and Product team to ensure all the regulatory / operational guidelines, processes are adhered to by the unitsMonitor the key risk indicators , Compliance Risk and Operational RiskEnsure that all the regulatory / operational guidelines, processes are adhered to by the unitsDesign / evaluate the processes / efficiency of controls and improve them constantly to prevent any violation / breaches to regulatory / Policy / internal guidelinesConstant monitoring of Key Risk Indicators (KRIs) / Key Compliance Indicators (KCIs) / analyzing the loss data / external events / audit reports and identity the risks and putting the controls / ensure control enhancement for mitigating the risksEnsure design / review of Policies / Products in alignment with the regulatory guidelines Review of PMC/CMCsCo-ordinate all the activities related to Risk Based Supervision / other regulatory inspections / Scrutiny s including the submission of data / documents and represent the department for all the queries raised during the inspections / scrutiny sConducting the risk assessments / annual compliance risk assessment in timely mannerKeep abreast with the regulatory changes and ensure Implementation of regulations / amendments / actionables in line with the milestones committed and within the timelines prescribed by regulators / internal timelinesImplementation of directives / actionables of RMC / ACB and other Committees within the milestones / timelines committedFacilitating the walkthroughs / testing by Risk / Compliance Departments and ensuring appropriate actions in time for the issues identified during the walkthroughs / testingsMonitoring the Compliance Risk / Operational risk dashboards / risk movements of assessment units and flagging of the concerns to Head of the DepartmentTo ensure timely submission to RAR, SEBI Inspection, Audit responsesTo provide clarification on regulatory mattersCompletion of EGRC related activities (review of RCMs/controls) within timelinesAny other function assigned by department Head/SupervisorQualificationsDesirable - MBA,Qualification in Risk function would be an added advantageRole ProficienciesExperience of 10 years or more in dealing with Trade & Forex Operations etcConversant with Regulatory / Internal guidelines on Trade & ForexExperienced in dealing with regulator, auditor and dealing with regulatory reportsA perspective or experience in risk function or should have worked as Ops Head/Branch head of a reasonable sized branch ORExperience in trade creditExperience in dealing with Corporate clients/credit function would be an added advantage
