Vice President - Compliance - BFS

Job Title - Senior Compliance Officer

Grade - VP I

Department - Compliance

Location - Mumbai

Reporting To Chief Compliance Officer

A. Position Purpose:

- Advisory on GIFT CITY IBU related transactions and provide guidance from IFSCA / RBI regulations perspective.

- Advisory on Trade/FEMA related transactions (especially buyers' credit and ECB) and provide resolution to queries pertaining to Trade/FEMA from IFSCA perspective.

- Provide guidance on AML/KYC matters.

- Ensure timely response from stakeholders.

- Timely response to queries received from regulators pertaining to GIFT CITY requirements.

- Coordinate with departments like Business and operations for proper implementation of regulatory requirements.

- Fostering compliance culture.

- Interaction with regulators (e.g. IFSCA, RBI) and industry bodies (e.g. IBA) on regulatory compliance matters relating to GIFT CITY IBU.

- Develop and maintain positive and professional working relationship with Business and Operations

- Conduct review of product and process to ensure compliance with regulatory requirements.

- Identification and monitoring of regulatory compliance risk.

- Review of periodic MIS/reporting required to be filed with IFSCA and ensure timely submission. timelines for regulatory reporting/requirements are adhered to.

- Assist business in getting FEMA approvals (wherever required) from RBI to execute transactions.

B. Position Responsibilities/ expectations:

Sr. Key Responsibilities/expectations

1 Advisory on GIFT CITY IBU area

- Proficient in relevant regulations

- Good interpretation skills

- Providing timely advice on the transactions

2 Overall monitoring regarding GIFT CITY IBU for regulatory compliance.

- Review of periodic MIS / reporting

- Instructing GIFT CITY IBU stakeholders to implement the process and regulatory requirements.

- Highlight regulatory issues

3 Regulatory and Industry Body relationship

- Liaison with IFSCA/RBI etc. to obtain clarifications.

- Reviewing important communications from/to regulators/industry body

- Helping business obtaining regulatory approvals in reasonable time

4 Process/Product/SOP Review

- Process/Product/SOP reviews from regulatory perspective

5 Proficient in Excel and Power Point Presentations

- Helping CCO in highlighting issues to Audit Committee and Board

- High level MIS for highlighting regulatory compliances

C. Qualifications and Experience Requirement

Qualifications:

Essential Chartered Accountant / Company Secretary/Any other professional degree

Experience: Essential Total experience of more than 10 years

Out of which more than 5 years of experience in Compliance / Other Control Function

a. Skills:

Skill Attribute:

- IFSCA regulations Knowledge of IFSCA regulations

- Trade/FEMA regulations Experience in handling regulatory compliance

D. Functional Inter-linkages

Internal & External:

- Should be able to manage multiple tasks.

- Should be team player.