Associate Director Senior Vice President -Compliance Manager with a Large MNC Bank

Position Purpose

Generalist Compliance Managers support the Territory Chief Compliance Officer and Regulatory Desk on ensuring local regulatory requirements are met including

• Partnership with Business & Compliance Domain Heads: Partner and collaborate closely with the other Compliance Domain Heads to provide SME support on regulatory topics in order to support clients business strategy and growth whilst ensuring internal policies and regulatory requirements are fulfilled. Specifically this position is for a senior role with expertise in Global Markets & ALMT domains with primary responsibility for the Market Integrity Domain within Banks Compliance structure.
• Transformation & Industrialisation: Own and manage Regulatory responsibilities for the Bank including related systems / utilities managing deployment and monitoring and actively look for opportunities to enhance/industralise the Compliance operational framework for the Bank and GM/ALMT business.
• Active Supervisory Engagement & Risk Management plan and facilitate regular/periodic engagement with regulators by Compliance CEO and Global Market business heads (as needed) to ensure adherence to regulatory expectations and continue advocacy efforts to help protect the Bank/Group franchise from existing and emerging Compliance risks. Act as primary SPOC for all inspections and queries for Global Market.

Responsibilities

• Partnership with Business & Compliance Domain Heads:
  • Independent handling of Global Market & ALMT compliance topics with specific expertise in Global Market & ALMT product suite.
  • Assist with Regulatory Advisory to Business and Functions
  • Provide transversal regulatory watch and monitoring of regulatory evolutions that have an impact of the business or operations activities within the Bank/Territory and follow the general principles (the Regulatory Watch Best Practices) of the regulatory watch process. These include but not limited to (i) identification (and update where needed) of appropriate regulatory watch sources; (ii) having a process in place for regular monitoring of such sources; (iii) communication on relevant regulatory watch developments to all necessary stakeholders.
  • Local Compliance Regulatory Office acts as local text identification leaders (Leader) for Compliance and can be assisted by potential contributors (local or regional such as Regional Compliance domains who can contribute to high level impact assessment and determination of concerned operating entities).
  • Partner and collaborate closely with the Compliance Domain Heads to provide SME support on regulatory topics and ensure relevant circulars/guidelines/advisories related to their respective domain are duly discussed and understood

• Regulatory/ Supervisory & Industry Engagement
  • Build strong working relationships at the relevant levels across regulators RBI SEBI other Banking industrial bodies / quasiregulators such as IBA FEDAI FIMMDA etc.
  • Maintain an annual calendar of regulatory meetings for Compliance to support advocacy and supervisory engagement efforts and ensure meetings duly logged and any action items followedup on and closed.
  • The Head of Regulatory Desk will also be required to attend meetings with Regulators Quasiregulators and Banking industrial bodies from time to time
  • Connect with industry forums and other Banks compliance officers to better understand industry trends peer practice on management of existing Compliance risks and assessment of emerging risks.

• Governance
  • Operate APAC Territory Compliance Committees (TCC) or any other Cross function committee (such as Bank Compliance Committee BCC) to cover key regulatory watch topics and to decide on appropriate measures to be taken (e.g. launch of regulatory projects) and to monitor their implementation.
  • Conducting and participating in various statutorily required committee meetings including coordinating MANCO as meeting secretary.
  • Review of and participation in TAC / NAC proposals

• Ensure adherence to AML / FSrelated Group policies/ local regulations and execution of associated controls (if any) and to promptly escalate any resulting assessment to the relevant authority / central FS team for necessary action being control function 2LOD
• Act as a backup to roles suggested and support in other areas of Compliance activities as assigned by CCO
• Assist Head of Compliance in special assignments / projects

Required:

• High level knowledge of various regulatory guidelines under Banking Regulation Acts RBI FEDAI FIMMDA & SEBI guidelines with expertise in Global market & ALMT regulations
• Expertise in various regulatory guidelines of Global Market & ALMT products and other local regulatory areas with experience of independent handling of regulatory / internal audits with an ability to ensure a logical closure.
• Experience on independent handling of regulatory/internal reports dissemination of notifications
• Network within the industry/peer banks/industrial bodies and with regulatory bodies will be an advantage

Education Level: Any Post Graduate

Experience Level: 12yrs

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