Key Responsibility Areas (KRA)

The Compliance Officer in an AD-II company plays a critical role in ensuring adherence to regulatory guidelines, minimizing financial risks, and maintaining ethical business practices.

1. Regulatory Compliance:

Ensure strict adherence to RBI, FIU-IND, FEMA, and other regulatory bodies guidelines.

- Stay updated with changes in regulations and implement necessary policy modifications.
- Ensure timely filing of statutory reports (e.g., CTR, STR, NTR, FMR reports to FIU-India).
- Act as the primary liaison between the company and RBI, FIU-IND, and other government bodies.

1. AML/KYC Compliance:

Implement and monitor Anti-Money Laundering (AML) and Know Your Customer (KYC) guidelines.

- Ensure that all customers are onboarded after thorough due diligence and verification as per RBI norms.
- Conduct risk profiling of customers and ensure transactions are within regulatory limits.
- Report Suspicious Transactions (STR) and Currency Transaction Reports (CTR) to FIU-India.

1. Internal Audits &
- Monitoring:

Conduct periodic internal compliance audits to assess branch-level and company-wide adherence to regulations.

- Identify and escalate compliance breaches with necessary corrective action plans.
- Oversee foreign exchange transactions to ensure adherence to FEMA and RBI guidelines.
- Maintain detailed documentation of compliance checks and audit findings.

1.



Policy Implementation &
- Training:

Develop and implement internal compliance policies (AML/KYC, Risk Management, POSH, HR policies, etc.).

- Conduct regular training sessions for employees on compliance policies and regulatory updates.
- Ensure that compliance awareness is maintained across all branches and departments.

1. Reporting &
- Coordination:

Ensure timely submission of all compliance-related reports to RBI, FIU-India, and other regulators.

- Address queries raised by regulatory bodies and coordinate during inspections or audits.
- Maintain a robust MIS system for tracking compliance-related data and reporting discrepancies.

1. Risk &
- Fraud Management:

Identify, assess, and mitigate compliance risks related to forex, remittances, and other AD-II activities.

- Investigate and report fraudulent transactions and policy violations.
- Work closely with the Risk &
- Credit Control team to strengthen internal controls.

1. Coordination with Other Departments:

- Work in tandem with the Operations, Sales, and Risk Management teams to ensure compliance is maintained.

- Provide compliance-related inputs during recent product launches, branch expansions, or regulatory changes.
- Coordinate with external auditors and regulatory bodies for inspections and compliance verifications.

📌 Compliance Officer (Jaipur)
🏢 Xotik Travel And Forex
📍 Jaipur