Compliance Officer

About The Role : 

B

usiness DivisionCompliance

Functional Title:Compliance Officer

Corporate TitleAssistant Vice President

Job Posting Title:Compliance Officer

LocationIFSC Banking Unit (IBU), Gift City, Gandhinagar, Gujarat

Summary:

The role has a broad range of responsibilities across an array of compliance (including KYC/AML/AFC related topics) for IBU which entails providing guidance on applicable regulations, managing risk assessments, providing compliance advisory, designing compliance programs/frameworks, monitoring, executing on compliance strategies, finalizing policies and procedures and implementation of global projects. You will gain exposure to the variety of corporate bank businesses (Trade, Cash, Trust, Custody) and other business as and when offered in IBU.

Compliance, as an independent and robust second level control function, manages Compliance risk and deepens the Culture of Compliance at Deutsche Bank through the development and management of strategies that are sustainable and increase the trust of our clients.

The Compliance Department protects the Bank by advising on ethical conduct, identifying regulatory solutions, safeguarding integrity and reputation, and promoting in partnership with the Business, a culture of Compliance.

Anti-Financial Crime (AFC) function performs a crucial role in keeping Deutsche Banks business operations and global financial services clean from financial crime while serving the interests of the Bank and society.

In order to combat financial crime effectively and respond to challenges in a flexible manner, AFC has a matrix structure combining regional, business line, and global functional coverage in our core areas of Anti-Money Laundering, Sanctions & Embargoes, Anti-Fraud, Bribery & Corruption, Investigations & Intelligence, Monitoring & Screening, and Risk Assessment.

What well offer you

As part of our flexible scheme, here are just some of the benefits that youll enjoy:

- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above

About The Role :

Key Roles Responsibilities:

- Advise and support the coverage of IBU Business on applicable laws and regulations, including the provision of impact analyses, and the development of responses to, and implementation of, new regulations.
- Provide local coverage for KYC/AML/Anti Financial Crime (AFC). Implement policies and regulations with respect to Anti Money Laundering / Combating Terrorist Financing and Sanctions. Act as a MLRO / AFC officer and Principal Officer for all AML-CFT-KYC related matters
- Advise on the application of rules and policies to specific transactions/deals, general business activities, new business initiatives and new product based for consistency with regulatory requirements and reviewing marketing material against minimum standards.
- Ensure proactive and positive communication and enhance relationships with key regulators like IFSCA, Financial Intelligence Unit ( FIU ), SEZ authorities, RBI, CERSAI and other regulators dealing with the IBU etc.
- Co-ordinate regulatory audits with IBU team and other stakeholders.
- Identify and advise senior management and other related departments of key regulatory risks facing IBU. Escalate issues to senior management as appropriate.
- Provide Compliance training to new hires and refreshers on key regulatory requirements to existing staff
- Be actively involved in local and regional initiatives and projects as required.
- Assist in the execution of ad-hoc and key Compliance project work, and the timely resolution of regulatory or internal investigations and enquiries, communicating the results to our regulators in conjunction with relevant stakeholders, as necessary.
- Conduct regular compliance and AFC risk assessments, considering an array of contextual data including regulation, policies, procedures, controls, training and governance structures, escalating and assisting in the remediation of any identified gaps.
- Work with the relevant Business Management to assist in the implementation of agreed remedial actions.

Your skills and experience:

Required skills and competencies

- In-depth knowledge of IFSCA regulations governing Banking and familiarity with FEMA regulations preferred
- Good working knowledge of banking generally. Experience in IFSCA banking /operations / compliance preferred
- Excellent communication skills in English
- Conversant with MS Office applications and proficient in technology platforms.
- Able to handle stressful situations with internal clients and regulators whilst maintaining a professional approach to problem solving

Behavioral Skills

- Control focused and proven ability to prioritize deliverables.
- Good analytical and problem-solving skills.
- Ability to deliver under challenging conditions.
- Committed and reliable with a strong sense of teamwork.
- Decision making skills
- Excellent interpersonal skills
- Demonstrate integrity and discretion

Experience/ Exposure

- Minimum 8-12 years experience in Banking and Finance out of which over 5-7 years experience working in Compliance and AFC in a local or international financial institution

Education/ Qualifications

- CA /CS/ MBA or equivalent with prior IFSCA / RBI/ SEBI compliance experience preferred
- Additional qualification/s in Compliance and/or Financial Crime Prevention from CAIIB or Certified Anti Money Laundering Specialists (ACAMS) will be an advantage

It may be noted that Compliance officer of IBU will require an authorization from IFSC Authority to carry on the role. Such authorization will be granted if the Authority is satisfied that the individual is fit and proper to be an Approved Individual and while making this assessment, the Authority will have regard to(a) the individuals adherence to moral and ethical principles, as demonstrated by his/her actions as an employee of the Banking company and in his/her previous employment for which information is available to the Authority (b) the individuals competence and capability to carry out the function proposed in the IBU as demonstrated by his/her educational and professional qualifications and relevant experience. (c) the individuals financial soundness as demonstrated by his/her assets and liabilities. (d) the individuals proposed role within the IBU; and (e) any other matters that the Authority considers to be relevant to the application.

IFSC Authoritys website ) may also be referred for further information.

How well support you:

- A culture of continuous learning to aid progression