Chief Compliance Officer

Mumbai - India

Monthly Salary: Not Disclosed

Posted on: 9 hours ago

Vacancies: 1 Vacancy

Job Summary

Compliance Management Framework & Governance

- Develop implement and maintain a comprehensive compliance program aligned with RBIs guidelines Basel compliance principles and applicable Indian laws and regulations.
- Establish and regularly update compliance policies procedures standards and controls tailored to the branchs risk profile and business model.
- Report to senior management and the Head Office on compliance risks program effectiveness and emerging regulatory requirements regularly.
- Ensure a risk-based approach to compliance monitoring and testing prioritizing high-risk areas aligned with RBI expectations.

Regulatory Compliance & Liaison

- Serve as the primary point of contact for RBI inquiries examinations and regular supervisory reviews related to compliance.
- Ensure the branchs compliance with all applicable regulatory requirements including but not limited to AML/CFT sanctions privacy and data protection market conduct and consumer protection etc..
- Coordinate timely and comprehensive responses to regulatory requests formal recommendations and audit findings.
- Monitor regulatory developments and interpret their impact on the branchs operations advising senior management and initiating necessary changes in policies or practices.

AML & CFT Compliance

- Oversee the design implementation and ongoing enhancement of the AML/CFT program in compliance with rules and regulations set by RBI and FIU-IND.
- Ensure robust KYC/CDD procedures suspicious transaction monitoring and reporting sanctions screening and training programs.
- Lead internal investigations and remediation for any suspected breaches of AML sanctions or other financial crime policies.

Compliance Risk Identification Monitoring & Reporting

- Conduct regular compliance risk assessments to identify assess and mitigate compliance risk exposures across branches and business units.
- Develop and manage key compliance risk indicators and compliance monitoring/testing plans.
- Lead investigations of compliance breaches and coordinate corrective actions.
- Prepare review and present periodic reports on compliance status regulatory issues audit findings and remediation progress to senior management the Head Office and regulators.

Training & Culture Development

- Drive the development and delivery of compliance training and awareness initiatives across the branch to promote a compliance culture.
- Support business lines in embedding compliance-by-design principles and compliance risk management.

Team Leadership & Development

- Lead mentor and develop a high-functioning diverse compliance team aligned with organizational goals and regulatory standards.
- Foster continuous improvement technological innovation(e.g. transaction monitoring system compliance analytics) and professional development within the compliance function.

Stakeholder Management & Communication

- Serve as the main liaison with RBI and other regulatory agencies on compliance-related matters including approvals reporting etc.
- Collaborate with Head Office compliance functions to ensure harmonized regulatory compliance management standards and reporting.
- Provide a compliance perspective to business lines during new product approvals credit decisions strategic initiatives and major transactions etc..
- Lead or participate in projects improving regulatory compliance management effectiveness and operational resilience as assigned.
- Stay abreast of evolving regulatory developments industry practices and emerging compliance risks to refine the compliance management framework.

Manage other projects and tasks as assigned by management

Compliance Management Framework & Governance Develop implement and maintain a comprehensive compliance program aligned with RBIs guidelines Basel compliance principles and applicable Indian laws and regulations. Establish and regularly update compliance policies procedures standards and controls ...