Regulatory Control Senior Advisor, AVP

Job Title: Business Supervisory Office Regulatory Control Senior Advisor, AVP

Location: Mumbai, India

Role Description

As a support role in the Business Supervisory Office (BSO) team, you will ensure that,

• The US Private Banking Business is compliant with local rules and regulations in transacting business for its clients. You shall also assist in reviewing that all business transacted for the clients are in their best interest (i.e. compliant with the Reg BI rule) and in line with their Suitability and risk profiles.
• This requires reviewing and providing disposition for daily trade alerts generated via the Surveillance systems implemented, analysis of trade related data and identify any themes that revolve around market manipulation, which in turn would need to be escalated to relevant onshore stakeholders (i.e. review compliance with applicable Market Abuse Regulations).
• In addition, it also requires assistance to onshore stakeholders with Transaction Monitoring including the review of all domestic/cross-border wire transfers executed by the client with the sole objective of ensuring that there is no suspicion of potential money laundering.

Your key responsibilities

• Assist in carrying out supervision of the US Private Banking Business to ensure compliance with applicable rules and regulations
• Daily, Weekly, Monthly, Quarterly surveillance report creation and review support of WM accounts and transactions, as part of 1st Line of Defense reviews. This consists of Brokerage and DPM account activity including trades, journals, portfolio holdings, solicitations, etc.
• Assist in the surveillance of capital market trades i.e. analyze trade alerts to identify relevant Market Abuse themes such as front running, pump and dump, market manipulation etc.
• Administrative support of trading system ad hoc reporting and alert review of trade and account surveillance
• Review of documentation by client-facing partners describing their interactions with clients and the resulting transactions under the Reg BI rule
• Verify the trades executed are in the best interest and in line with the suitability (i.e. risk profile) of the client
• Assist branch management with special regulatory ad-hoc projects
• Brainstorm on potential new controls/processes and assist with transitioning and documentation
• Support the Marketing Review Group facilitation of Forms & Agreements for Wealth Management
• Supporting the GBSA/Volcker administrative tasks and reporting
• Maintain knowledge of AML risks and applicable regulations from a US perspective
• Analyze cross-border customer transactions to determine whether the transactions are in line with the anticipated activity for the client or if there exists reasonable suspicion of money laundering
• Assist in reviewing customer transactions to identify any money laundering flags and rapidly dispose of them along with escalating cases which require further review
• Research entities and/or individuals using both public domain and database search services.
• Assist with the maintenance of existing Key Operating Procedures and the development of new Key Operating Procedures covering different processes/controls owned and executed by the BSO
• Coordinate with and support business divisions and/or infrastructure functions in executing their responsibilities in improving the quality of the data and any data quality remediation actions.
• Participate in internal reviews by Group Audit and Compliance Testing & Assurance (CT&A).
• Assist in any added projects/process

Your skills and experience

Skills Youll Need

• 8 years+ of Regulatory and Brokerage Trade Surveillance and Transactions monitoring experience
• Expertise in MS Excel, data manipulation/visualization tools like Salesforce Tableau
• Strong understanding of regulatory rules, analytical ability to interpret surveillance reports, and insight to propose new processes and reports
• Prior experience with regulatory, audit, and compliance exams is preferred
• Experience with PM1, SunGard/FIS Protegent Surveillance tool (equivalents like LZ Sentinel, Aladdin, Charles River, JPM Trac, etc.) and SunGard front-end systems such as NetX360 is a plus
• Hands-on automation tools including MS Co-Pilot will be preferred
• Strong understanding of Private Banking AML risks and knowledge of Financial Crime regulations
• Experience in the financial services industry and/or BSA/AML regulations with sound banking knowledge of product and service offerings
• Ability to co-ordinate with multiple stakeholders and manage projects/tasks on an end-to-end basis

Skills That Will Help You Excel

• Excellent communication skills, both written and spoken
• Critical thinking
• Self-Motivated
• Detailed Oriented
• Ability to stay on track to strict reporting schedules and deadlines
• Independent decision-making skills with understanding of when to escalate
• Adobe experience a plus