About Compliance The Compliance department assists the Board and Top Management in managing the compliance risk, that is, the risk of legal or regulatory sanctions, financial loss or reputational loss that the Bank may suffer as a result of its failure to comply with the applicable laws, regulations or code of conduct applicable to banking activities. It ensures strict observance of all statutory provisions in various legislations such as Banking Regulation Act,

Foreign Exchange Management Act, Prevention of Money Laundering Act, Reserve Bank of India Act, etc. as well as the regulatory guidelines issued from time to time, the standards and codes prescribed by BCSBI, FEDAI,

FIMMDA, etc. and also the Bank’s internal policies and fair practice code

About the Role

KYC / AML Compliance Team

Key Responsibilities

· Extensive knowledge and understanding on KYC guidelines & their application.

· Updating Bank’s KYC/AML Policy Annually or as and when there are major changes in

Regulatory Guidelines.

· Ensure updating and reviewing existing policies and procedures as per set KYC guidelines.

· Handling of Compliance/KYC related queries and approvals.

· Dissemination of RAR Report to Businesses,



closure of open issues in RAR and RMP for KYC

· Perusal of PMC/CMC/COC, Internal Circulars in line with relevant applicable regulations

/internal policies

· Providing relevant inputs for preparation of Senior Management Presentations /Dashboards

· Testing Processes related to Observations/Regulatory line items of RBI and closure of Testing reports.

· Approval of any current processes in Support functions after ensuring compliance to all regulatory/internal guidelines.

· Dissemination of guidelines and the actionable emanating from new guidelines. Ensuring implementation by the respective Business units of the Bank

Qualifications

Optimal qualification for success on the job is: · MBA / Postgraduate with Banking background. · AML Related Course/ Programme Certification is desirable.

Role Proficiencies

· Around 8 to 10 years of experience in Operations and Branch Banking with good understanding of KYC.

· Good communication skills is required including the ability to summarize findings/drafting audit response in a clear and concise manner.

Refer to the

📌 Compliance:KYC / AML Compliance Team (Mumbai)
🏢 Axis Bank
📍 Mumbai