Job description:
- Responsible to manage the Compliance function in coordination with HO at GIFT City branch as a separate entity.
- Develop compliance adherence, monitoring and reporting to the Senior Management.
- Ensuring timely and accurate submissions to various internal & external stakeholders. Stake holders to include:
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- Compliance function at HO
- Other Internal control functions.
- Local regulatory authorities at GIFT
- Other regulatory agencies in the jurisdiction that GIFT is active in.
- Responsible for review / approval of onboarding and customer classification as per the regulatory
- Ensuring submission of monthly dashboards,
- Responsible for development, continuous improvement and functioning of reporting infrastructure on compliance
- Review of the bank policy and the new products procedures from a compliance perspective – both Indian & global.
- Provide insights to business units from a regulatory perspective on fresh business proposals / products as may be required from time to time.
- Provide Top Management / ALCO / Credit committee / OREC with timely and relevant insights / MIS / notes on Compliance parameters.
- Ensure compliance of the Branch with all regulatory, Basel and internal guidelines and ensure no adverse audit observations.
- Keep upto date with global developments from the relevant regulatory authorities
- Responsible for developing and maintaining the solid compliance Culture and awareness across the network.
- Act as a back up to roles suggested and support in other areas of compliance activities as assigned by Compliance Management and Branch Head.