Manager-Compliance

Job Description:

Responsibilities

• Maintain working relationships with regulators such as RBI and there departments therein and understand the regulatory expectations which further is communicated to internal stakeholders.

• Participate in and representing the views of AEBC India in regulatory and industry forums, councils and associations 

• Build relationships with Compliance officers of other banks in India, local and foreign, to help benchmark AEBC’s compliance strategy

• Leverage industry knowledge to provide guidance to AEBC India regarding its proposals, communications to be sent to the regulators 

• Coordinate RBI audits / exams to ensure the exam is well managed and any regulatory findings are closed to the RBI’s satisfaction Regulatory Change Management 

• Analyze impacts of proposed regulation to AEBC based on knowledge of RBI’s regulatory expectations. Provide input to AEBC’s responses in the form of proposals or position papers. 

• Provide guidance to internal stakeholders on interpretation of regulations and guidelines issued by various regulators 

• Provide guidance and support to business team in development of controls for new product/service projects Regulatory Risk Assessment 

• Leveraging external information to identify key regulatory risks for AEBC India based on the status of its internal control environment

Qualification & Experience    

• Post Graduate degree from a recognized university (MBA/MA Economics/MBL) 

• CAIIB/CA/CS/LLB/LLM/Doctorate or any combination of relevant education and experience and/or related professional designations/certifications in this field are highly desirable

• 10+ years’ work experience as a subject matter expert in Regulatory Compliance within large banks or payment operators

• Experience in working with regulatory bodies will be an added advantage Technical/Function skills:

• Strong knowledge of Banking Regulations Act,Prevention of Money Laundering Act and other laws applicable to Commercial Banks and Payment Operators

• Working knowledge of Bank Secrecy Act, USA Patriot Act, Office of Foreign Assets Control (preferred)

• Ability to operate multi-nationally with regulators, law enforcement, business partners and Agents

• Ability to work in a self-directed and remote environment

• Demonstrated ability to draft clear and professional correspondence and other documents of a legal, compliance and business nature