Compliance Management Framework & Governance
- Develop, implement, and maintain a comprehensive compliance program aligned with RBI’s guidelines, Basel compliance principles, and applicable Indian laws and regulations.
- Establish and regularly update compliance policies, procedures, standards, and controls tailored to the branch’s risk profile and business model.
- Report to senior management and the Head Office on compliance risks, program effectiveness, and emerging regulatory requirements regularly.
- Ensure a risk-based approach to compliance monitoring and testing, prioritizing high-risk areas aligned with RBI expectations.
Regulatory Compliance & Liaison
- Serve as the primary point of contact for RBI inquiries, examinations, and regular supervisory reviews related to compliance.
- Ensure the branch’s compliance with all applicable regulatory requirements, including but not limited to AML/CFT, sanctions, privacy and data protection, market conduct, and consumer protection etc.,.
- Coordinate timely and comprehensive responses to regulatory requests, formal recommendations, and audit findings.
- Monitor regulatory developments and interpret their impact on the branch’s operations, advising senior management and initiating necessary changes in policies or practices.
AML & CFT Compliance
- Oversee the design, implementation, and ongoing enhancement of the AML/CFT program in compliance with rules and regulations set by RBI and FIU-IND.
- Ensure robust KYC/CDD procedures, suspicious transaction monitoring and reporting, sanctions screening, and training programs.
- Lead internal investigations and remediation for any suspected breaches of AML, sanctions, or other financial crime policies.
Compliance Risk Identification, Monitoring & Reporting
- Conduct regular compliance risk assessments to identify, assess, and mitigate compliance risk exposures across branches and business units.
- Develop and manage key compliance risk indicators and compliance monitoring/testing plans.
- Lead investigations of compliance breaches and coordinate corrective actions.
- Prepare, review, and present periodic reports on compliance status, regulatory issues, audit findings, and remediation progress to senior management, the Head Office, and regulators.
Training & Culture Development
- Drive the development and delivery of compliance training and awareness initiatives across the branch to promote a compliance culture.
- Support business lines in embedding compliance-by-design principles and compliance risk management.
Team Leadership & Development
- Lead, mentor, and develop a high-functioning, diverse compliance team aligned with organizational goals and regulatory standards.
- Foster continuous improvement, technological innovation(e.g., transaction monitoring system, compliance analytics), and professional development within the compliance function.
Stakeholder Management & Communication
- Serve as the main liaison with RBI and other regulatory agencies on compliance-related matters, including approvals, reporting, etc.
- Collaborate with Head Office compliance functions to ensure harmonized regulatory compliance management standards and reporting.
- Provide a compliance perspective to business lines during new product approvals, credit decisions, strategic initiatives, and major transactions etc.,.
- Lead or participate in projects improving regulatory compliance management effectiveness and operational resilience, as assigned.
- Stay abreast of evolving regulatory developments, industry practices, and emerging compliance risks to refine the compliance management framework.
Manage other projects and tasks as assigned by management
