Vice President - Compliance - BFS

Job Title - Senior Compliance Officer

Grade - VP I

Department - Compliance

Location - Mumbai

Reporting To Chief Compliance Officer

A. Position Purpose :

• Advisory on GIFT CITY IBU related transactions and provide guidance from IFSCA / RBI regulations perspective.
• Advisory on Trade / FEMA related transactions (especially buyers' credit and ECB) and provide resolution to queries pertaining to Trade / FEMA from IFSCA perspective.
• Provide guidance on AML / KYC matters.
• Ensure timely response from stakeholders.
• Timely response to queries received from regulators pertaining to GIFT CITY requirements.
• Coordinate with departments like Business and operations for proper implementation of regulatory requirements.
• Fostering compliance culture.
• Interaction with regulators (e.g. IFSCA, RBI) and industry bodies (e.g. IBA) on regulatory compliance matters relating to GIFT CITY IBU.
• Develop and maintain positive and professional working relationship with Business and Operations
• Conduct review of product and process to ensure compliance with regulatory requirements.
• Identification and monitoring of regulatory compliance risk.
• Review of periodic MIS / reporting required to be filed with IFSCA and ensure timely submission. timelines for regulatory reporting / requirements are adhered to.
• Assist business in getting FEMA approvals (wherever required) from RBI to execute transactions.

B. Position Responsibilities / expectations :

Sr. Key Responsibilities / expectations

1 Advisory on GIFT CITY IBU area

2 Overall monitoring regarding GIFT CITY IBU for regulatory compliance.

3 Regulatory and Industry Body relationship

4 Process / Product / SOP Review

5 Proficient in Excel and Power Point Presentations

C. Qualifications and Experience Chartered Accountant / Company Secretary / Any other professional degree

Experience : Essential Total experience of more than 10 years

Out of which more than 5 years of experience in Compliance / Other Control Function

a. Skills : Skill Attribute :

D. Functional Inter-linkages

Internal & External :

ref : iimjobs.com)