Compliance - Fema Capital Account - Mumbai

2 weeks ago


Mumbai Maharashtra, India Acura solutions Full time

The key responsibilities include the following Advisory Support Business Group by assisting in providing detailed and accurate advisory services and implementation of effective control framework to ensure compliance with relevant RBI regulations pertaining to FEMA- Capital and Current Account transaction Additionally acting as back-up for FEMA -Retail Products Assisting relevant stakeholders in implementation of regulations and reviewing the new variant products policies and process pertaining to above area and providing compliance advisory thereof Reviewing the letters correspondence on regulatory matters and ensuring timely follow-ups Assisting and partnering with other compliance peers for critical compliance projects and activities Promptly escalating important matters of concern to the Vertical Lead and CCO Organise training sessions for business stakeholders as required Assist the business and inspection team during annual RBS and any thematic regulatory audit as required Release compliance advisory to business for important developments and clarifications received from the RBI Assist the Vertical Lead in special assignments projects where required Compliance Testing and Monitoring Reviews Conducting Compliance Business Review including RBS Tranche III testing for RBI related regulations- Forex Capital and Current Account transactions Preparing the root cause analysis of critical issues and tracking the actions to remediate the gaps Job Requirements Job Role CA CS MBA with prior relevant compliance experience 8 years Should carry a good understanding of FEMA regulations banking products and processes Should be well versed with recent developments as regards RBI regulations Should have good verbal and written communication skills with an eye for detail Ability to perform under pressure within the given time lines Should possess good communication interpersonal problem solving skills and has to be a quick learner Diligent hard-working a team player with ability to drive outcomes when working with other stakeholders Proficient in working on MS Office tools



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