About the role
- Advisory on Retail FEMA transactions – Retail Trade Remittances, Current Account remittances (Individuals)/ LRS, Non-Resident Accounts (NRE/NRO/ FCNR (B) and Investments, Trade Credit
- Loans, Card Products
- Liasoning with Regulator (RBI) for the above-said matters.
- Circular Implementation
- Critically review various Product/ Process Notes from Compliance perspective and offer constructive comments.
- Broad understanding of AML, OFAC and International Payments and settlement Process.
- Developing training content and imparting training to stakeholder units
- Understanding of FEMA/Tade regulations
- Product and Process Knowledge in the Domain
- Monitor compliance with trade-related regulatory requirements, policies, and procedures.
- Track and evaluate compliance performance through key risk and performance indicators.
- Build and maintain strong, long-term relationships with clients and stakeholders.
- Understand customer needs and deliver appropriate solutions and services.
- Build and maintain strong relationships with existing and prospective customers.
- Enhance customer satisfaction, loyalty, and retention.
- Identify, assess, and monitor key business risks.
- Evaluate the design and effectiveness of internal controls.
- Ensure timely dissemination of circulars and action points within defined TAT as per the Compliance Operational Manual through CMS tool.
- Advisory on Retail FEMA transactions – Retail Trade Remittances, Current Account remittances (Individuals)/ LRS, Non-Resident Accounts (NRE/NRO/ FCNR (B) and Investments, Trade Credit
- Loans, Card Products
- Liasoning with Regulator (RBI) for the above-said matters.
- Circular Implementation
- Critically review various Product/ Process Notes from Compliance perspective and offer constructive comments.
- Broad understanding of AML, OFAC and International Payments and settlement Process.
- Developing training content and imparting training to stakeholder units
- Understanding of FEMA/Tade regulations
- Product and Process Knowledge in the Domain
- Monitor compliance with trade-related regulatory requirements, policies, and procedures.
- Track and evaluate compliance performance through key risk and performance indicators.
- Build and maintain strong, long-term relationships with clients and stakeholders.
- Understand customer needs and deliver appropriate solutions and services.
- Build and maintain strong relationships with existing and prospective customers.
- Enhance customer satisfaction, loyalty, and retention.
- Identify, assess, and monitor key business risks.
- Evaluate the design and effectiveness of internal controls.
- Ensure timely dissemination of circulars and action points within defined TAT as per the Compliance Operational Manual through CMS tool.
Essential: 5+ years post qualification experience in Compliance function
Preferred: 7-8 years’ experience in compliance in Indian Bank , Certifications such as CDCS, CTFP etc. will be of added advantage