Compliance Manager

Compliance Manager - Societe Generale Gift City, Gandhinagar, Gujarat

Compliance Permanent contract Mumbai, India Reference 24000QG5 Start date 2025/02/03 Publication date 2024/11/08

Responsibilities

Job Summary / Job Purpose-:

Monitor and ensure all activities carried out in IBU branch are in compliance with the internal policies and procedures of the Group and IFSCA guidelines.

Major Accountabilities / Principal Responsibilities-:

· Responsible for maintaining a strong Compliance culture in the branch, interact with regulators/supervisors directly and act as SPOC for regulators.

· Monitor and disseminate various regulatory and internal guidelines / updates to various stake holders / BUs in the Bank for necessary action.

· Ensure tracking, monitoring and submission of various returns and ad-hoc requests from the Regulator.

· Implement policies and regulations with respect to Anti Money Laundering / Combatting Terrorist Financing and Sanctions

· Act as Principal Officer (PO) registered with FIU India for IBU Branch.

· Continuous and periodic review of AML alerts thresholds alerts dispositioning rules and filing of STR and CBWTR reports on FIU-India Finnet portal.

· Periodic review of IBU branch policies, new product SOPs and product notes and ensure modification / update on any gaps in policies or frameworks.

· Support and guide business, product and functional teams for new product launches, risk assessment, interpretation etc.

· Participate in various meetings convened by GIFT, RBI and IFSCA.

· Responsible for compliance governance and ensuring adherence to Bank's Compliance Policies /Standards /Procedures.

· Monitor, communicate and coordinate applicable Laws, Rules and Regulations issued by the IFSCA from time to time.

· Provide relevant and timely compliance advisory (including on matter concerning financial crimes compliance) to the Branch Management and internal stakeholders on business as well as operational aspects.

· Participate in and conduct compliance testing in order to effectively identify, detect and remediate of compliance gaps and risks.

· Implement Global Policies, Standards, Procedures, within the branch keeping in view the applicable local regulatory as per IFSCA requirements/expectations.

· Support first line of defense across all business lines in GIFT city branch by advising them with prompt and balanced solutions while ensuring that key compliance risks and regulatory requirements are duly addressed.

· Drive and support high standards of compliance framework through the ongoing delivery of an organized and structured Compliance Program (including financial crimes compliance), periodic Compliance Risk Assessment and Management Information.

· Impart trainings on various compliance topics to FLOD while implementing a new Policy/Procedure and on an ongoing basis, as per Bank's internal framework.

· Escalate critical compliance matters to the senior management, under guidance from local/ regional/global compliance management.

· Ensure timely submission of all the applicable reports as specified by IFSCA.

· Conduct assessments of all new products, processes and systems from Compliance Risk perspective and prepares compliance risk evaluation and provides sign-off.

· Protect the entity from any material regulatory or compliance risks/breaches (including Financial Crimes Compliance).

· Maintain functional relationships and support for activities of group / regional entities as and when specified by bank regional compliance.

Functional Relationships-:

Internal - Staff from business divisions and support functions locally, regionally and globally

External - IFSCA regulators and external advisors ( legal counsel, insurance, accounting & tax etc.

Profile required

Academic Background (degree and major) - Post-graduation in a related field

Relevant Working Experience in number of years - 10-12 years

Skills & Competencies required - :

Effective communication skills - both written and verbal

Sound knowledge of regulations

 Strong risk mindset with impeccable ethics

Sound knowledge of banking

Ability to work multi-cultural and multi-dimensional environment Ability to be hands-on. Embodiment of all SG core values (Client Centricity, Responsibility, Commitment, Team Spirit, Innovation) 

Language Skills - English, Hindi, Gujarati (preferable)

Computer Skills - MS Office

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