Support Services-Compliance

Team Member – Compliance

Job ID: 249224
Grade: M3
Location: Infinity IT Park, Goregaon
Department: Compliance

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JOB ROLE

The role involves the following key activities at Team Leader level :

• Ensure filing of various returns with RBI and other statutory/regulatory bodies within the due date. This includes Risk Based Assessment of KYC/AML, DNBS returns, ad-hoc returns, etc.
• Perform independent compliance testing of various products of the Company on a sample basis and report findings/ensure closure of the same.
• Assist in preparing data packs for various meetings such as High Level Monitoring Committee, Senior Management Committee, etc., and draft/review minutes of the aforementioned meetings.
• Track regulatory changes and update internal stakeholders.
• Monitor implementation of regulatory requirements by collaborating with internal teams.
• Monitor compliance in the Compliance Monitoring Tool .
• Prepare/review notes for Board/Audit Committee .
• Develop and maintain policies and processes with respect to Compliance, such as:
  • KYC/AML Policy
  • Fraud Policy
  • Compliance Policy
  • Fair Practice Code
  • etc.
• Assist in RBI inspection of the Company and internal audit of the Compliance function.
• File Suspicious Transaction Reports (STR) and other reports with FIU .
• Develop and conduct compliance training sessions to help drive a strong compliance culture in the company.
• Handle miscellaneous activities such as:
  • Branch returns
  • Compliance newsletter
  • Branch visits
  • NCIF backtracking
  • Approval of creatives
  • Transaction monitoring
  • Tracking compliances on Compliance Tracking Tool
  • etc.
• Review and supervise closure of AML alerts .

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JOB REQUIREMENT

• Compliance professional with a Graduate/Post-Graduate degree in:
  • Law
  • Commerce
  • Management
    OR
  • Qualified Company Secretary (CS)
  • CA
• At least 10 years of experience is preferred.
• Candidates with experience in Compliance or Audit departments , or CA firms , with experience in Banking/NBFC would have an added advantage.
• Should have good verbal and written communication skills , with strong attention to detail.
• Should be conversant with:
  • MS Word
  • MS Excel
  • MS PowerPoint