.. Location-Gandhinagar (Gujarat) Job Summary: We are Looking for a proactive and customer-oriented Front Desk Executive to join our team. In this role, you will be the first point of contact for visitors and clients, providing exceptional customer service and ensuring smooth administrative operations .. read more
Purpose of the Job :
This individual is expected to work at the heart of Strategy, Risk & Compliance function and be responsible for enabling the leadership within the function, by ensuring policies, processes and practices are fit for purpose. Further, this individual is expected to strengthen the function by fostering right culture and framework for enabling effective risk-based decision making, while staying within the realms of compliance. This role will include a mix of strategic, operational and regulatory responsibilities, including working with multi-disciplinary stakeholders and liaising with regulators and auditors. The ideal candidate will have a successful track record of implementing and managing risk management frameworks or/and compliance assurance management programs, while ensuring effectiveness of the overall program.
Duties & Responsibilities :
The role will be to lead the Compliance and AML function to achieve the outcomes set out in the IFSC Branch's Compliance Policy and Conduct Principles:
Fair and compliant outcomes for Customers;
Financial Crime Prevention;
Promote Compliance culture.
1. Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
2. Clear Understanding of Local Laws & Sanctions, Regulations and other leading Sanctions Regimes.
3. Managing FI Relationships w.R.T. Compliance and especially Financial Crime Compliane (FCC) Segment and handling of Red Fag Indicators (RFIs).
4. Consistent application of the KYC/AML/CFT policy, Standards and allied procedures.
5. Review KYC/AML/CFT Policy & Standards to ensure these are consistent with regulatory requirements and updating the same upon change in the regulatory regime.
6. Ensure effective implementation of the FCC strategy to ensure vertical alignment and horizontal integration with other inter-functional operations.
7. Review policies, procedures, and products, recommend required changes if any to align them with the local regulatory requirements and providing day to day advisory.
8. Oversee and monitor the reviews as per the Compliance Monitoring Plan.
9. Provide Subject Matter Expert guidance to Business and Operations on AML and Sanctions, especially legal bindings and commentary on contractual obligations.
10. Oversee the operations and review of Suspicious Activity Reports (SARs) for reporting of Suspicious Transaction Reports (STRs) to the regulator.
11. Design and conduct periodic training of the staff on the latest and significant regulatory requirements including KYC/AML/CFT.
12. Act as single point of contact for International Financial Services Centres Authority (IFSCA) - the "regulator".
13. Keep strong relationship with the IFSCA and other regulatory authorities and ensuring provision of required information to the regulators in a timely manner.
14. Ensuring timely and effective closure of actions and audit findings suggested by the Audit Committee and Auditors respectively.
15. Submit periodic reports to the members of the Management Committee on issues of regulatory significance and tracking for resolution.
16. Implementing Compliance Risk Management framework in line with the applicable regulatory requirements and with coordination and direction from Head Office
17. Any other, strategically imperative work area.
Qualifications:
Knowledge
1. Experience with insurance industry accepted enterprise risk management frameworks
2. Experience with insurance industry regulatory compliance programs
3. Analytical capacity and experience adding form and structure in a complex, ambiguous
environment.
Work Related Skills
The successful candidate will possess strong analytical skills;
is a critical thinker;
understanding of big picture;
proven experience of audit, risk and compliance and has dynamic interpersonal, communication and stakeholder management skills, alongside the gravitas which this position demands.
Professional Experience
10+ years banking/insurance/asset management experience, out of which 5 years in Compliance / Internal Audit /Risk function.
