WBP : CARO - Trade & Forex Product Team

Dept : Wholesale Banking Products

Role : Compliance & Risk Officer Trade Forex, Correspondent Banking and Supply Chain Finance

INTERNAL USAGE : No. of Vacancies :

Reports to :

Head CARO

Is a Team leader

Team Size : 1 plus 2

Grade : Vice President

Business : Wholesale Banking

Department :

Wholesale Banking Products

Sub - Department :

Trade Forex, Correspondent Banking and Supply Chain Finance

Location : Mumbai

About Wholesale Banking Products

Wholesale Banking in Axis Bank works along with large, mid-corporate and multi-national clients as well as commercial banking group (including small and medium enterprises as well as micro, small and medium enterprises) and provides customized solutions across loan and fee-based products and services.

Within the wholesale bank, the Wholesale Banking Products Group focuses on transaction banking or flow businesses, i.e. current accounts, collection & payments solutions, trade services, forex remittances, capital market solutions as well as supply chain financing.

The Digital team within Wholesale Banking Products Group works on the conceptualization, design, development, adoption and usage of digital customer journeys across the entire gamut of transaction banking and treasury products.

About the Role

Liase with Compliance, Risk and Product team to ensure all the regulatory / operational guidelines, processes are adhered to by the units.

Monitor the key risk indicators , Compliance Risk and Operational Risk.

Key Responsibilities

Ensure that all the regulatory / operational guidelines, processes are adhered to by the units.

Design / evaluate the processes / efficiency of controls and improve them constantly to prevent any violation / breaches to regulatory / Policy / internal guidelines.

Constant monitoring of Key Risk Indicators (KRIs) / Key Compliance Indicators (KCIs) / analyzing the loss data / external events / audit reports and identity the risks and putting the controls / ensure control enhancement for mitigating the risks.

Ensure design / review of Policies / Products in alignment with the regulatory guidelines. Review of PMC / CMCs.

Co-ordinate all the activities related to Risk Based Supervision / other regulatory inspections / Scrutinys including the submission of data / documents and represent the department for all the queries raised during the inspections / scrutinys.

Conducting the risk assessments / annual compliance risk assessment in timely manner.

Keep abreast with the regulatory changes and ensure Implementation of regulations / amendments / actionables in line with the milestones committed and within the timelines prescribed by regulators / internal timelines.

Implementation of directives / actionables of RMC / ACB and other Committees within the milestones / timelines committed.

Facilitating the walkthroughs / testing by Risk / Compliance Departments and ensuring appropriate actions in time for the issues identified during the walkthroughs / testings.

Monitoring the Compliance Risk / Operational risk dashboards / risk movements of assessment units and flagging of the concerns to Head of the Department.

To ensure timely submission to RAR, SEBI Inspection, Audit responses.

To provide clarification on regulatory matters

Completion of EGRC related activities (review of RCMs / controls) within timelines

Any other function assigned by department Head / Supervisor.

Qualifications

Desirable - MBA, Qualification in Risk function would be an added advantage.

Role Proficiencies :

Experience of 10 years or more in dealing with Trade & Forex Operations etc.

Conversant with Regulatory / Internal guidelines on Trade & Forex .

Experienced in dealing with regulator, auditor and dealing with regulatory reports.

A perspective or experience in risk function or should have worked as Ops Head / Branch head of a reasonable sized branch OR

Experience in trade credit.

Experience in dealing with Corporate clients / credit function would be an added advantage.

Skills Required

trade credit