Compliance:Group Head

Job Description Compliance:Group Head - Compliance , Operations & Investigations INTERNAL USAGE: No. of Vacancies: Reports to: Bimal Bhattacharyya Is a Team leader Yes Team Size: 5 Grade: xxx Business: Corporate Centre Department: Compliance Sub-Department: Location: Mumbai About Compliance Compliance department assists the Board and top management in managing the compliance risk arising out of legal or regulatory sanctions, financial loss or reputational loss that the Bank may suffer on account of its failure to comply with the applicable laws, regulations or code of conduct applicable to banking activities. This entails adherence to guidelines issued by regulators (Reserve Bank of India, Securities and Exchange Board of India etc) statutory provisions under various legislations (such as Banking Regulation Act, Foreign Exchange Management Act, Prevention of Money Laundering Act ec.) as well as the standards and codes prescribed by IBA, FEDAI, FIMMDA, etc. This also requires adherence to Banks internal policies including Code of Conduct. AbouttheRole The official is responsible for overseeing Compliance , Operations & Investigations for Compliance department Key Responsibilities Planning for staffing of compliance function over medium term and ensuring new employees are onboraded timely & / or existing staff are provided with required training, knowledge & skill sets Improving the Bank's Compliance Culture through communications, awareness programs like Banking on Compliance etc To provide regulatorily complied business solutions/guidances/clarifications to the business teams on Credit realted aspects and implementation of new processes, review / renewal of the existing processes in the Bank through CMC/PMC and interaction with RBI SSM team/RBI/IBA and other banks for resolution of various issues End to end preparation and submission of reports for Board and all sub committee meetings Improving and implementing systems and processes for management of functions pertaining to Compliance operations and Investigations undertaken by external LEAs Qualifications Chartered Accountant, Company Secretary, MBA / Postgraduate with banking background with job experience of 13-15 years Role Proficiencies: For successful execution of the job, a candidate should possess the following: Good analytical skills and having eye for detail. Excellent written and verbal communication Strong inter-personal skills to work collaboratively with people across all levels of organisation Must be self-starter, flexible, innovative and adaptive. Ability to prioritize and make decisions in an agile manner Excellent project management and organizational skills and capability to handle multiple tasks simultaneously