Transversal Compliance Officer with a MNC Bank

Transversal Compliance Officer

## About the Role
The primary purpose of this role is to provide transversal support to the Compliance domains of the Bank.
This position reports to the COO Compliance India and will work closely with domain compliance officers to help deliver the Compliance program and its related controls framework for the Bank in India.
The role involves coordinating Compliance projects and initiatives in India including risk and control outsourcing integration activities process improvement industrialization transversal coordination and risk assessments.
Additionally the role will support independent Compliance regulatory control testing and track the implementation status of recommendations.
The mission of the Transversal Officer also includes ensuring that Compliance operates effectively in line with Group RISK Operational Risk management and Permanent Control standards as well as contributing to Compliance risk management by supporting initiatives and control testing.

## Key Responsibilities
- Support senior Compliance officers in the coordination and implementation of the Compliance framework in India for various domains.
- Ensure periodic and timely revisions to Compliance-owned policies and procedures.
- Coordinate local compliance projects and initiatives.
- Efficiently support project/initiative activities from analysis to coordination of stakeholders/contributors.
- Support Compliance Officers COO and track new business proposal reviews to ensure comprehensive and consolidated Compliance submission to front office divisions.
- Report progress and highlight challenges as necessary.
- Contribute to Compliance Risk Assessment initiatives and reporting.
- Perform Compliance check and challenge exercises as part of Business RCSA.
- Contribute to the Permanent Control framework to ensure that Compliance continues to contribute to Banks Permanent Control framework.
- Perform Tranche III testing for assigned control points and update the methodology as necessary to ensure the modus operandi addresses the control objectives.
- Perform/execute controls as assigned from the comprehensive Compliance Testing plan.
- Ensure proper document management is in place for performed controls including their applicability and quality; controls should be performed efficiently ensuring deadlines are met.
- Track and ensure closure of corrective action plans resulting from unsatisfactory controls.
- Track the status of Compliance-related recommendations supervisory recommendations and permanent control actions to ensure corrective actions are implemented within the agreed timeframe.
- Coordinate Compliance-related incidents and ensure appropriate action plans are put in place.
- Act as an Alternate Policy & Procedure Manager for India Bank Compliance and participate in Regional Compliance Procedures Management meetings.
- Support the local cascading of Group Compliance policies and procedures and ensure the quality and integrity of the local corpus of Compliance procedures and maintain the repository.
- Ensure tracking monitoring and validating where required of submission of Tranche I II and III under Risk Based Supervision of RBI.
- Collaborate with stakeholders on significant issues and for escalations requiring Management attention proposing solutions; capable of working autonomously in the controls under scope.
- Assist Head of Compliance Compliance COO and Compliance domain heads in special assignments/projects as needed.

## Requirements
- Good understanding of the Banks business model products and operations.
- Understanding of operational/compliance risk assessment and performance of controls testing.
- Understanding of Compliance domains & processes.
- Understanding of Global Market and ALMT products and the related local regulatory requirements (an advantage).
- Experience in business analysis & project management.
- Experience in change management.
- Strong interpersonal skills and proactive approach.
- Strong communication & presentation skills.

Required Skills:

Transversal ComplianceCompliance OfficerRisk Based SupervisionControl TestingCompliance TestingRCSAPermanent Control