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| Compliance:AML Quality Assurance Team | |||||
| INTERNAL USAGE: | |||||
| No. of Vacancies: | Reports to: | AML HOD | |||
| Is a Team leader | No | Team Size: | |||
| Grade: | DM-AVP | ||||
| Business: | Corporate Centre | Department: | Compliance | Sub-Department: | |
| Location: | Mumbai | ||||
| About Compliance | |||||
| The Compliance department assists the Board and Top Management in managing the compliance risk, that is, the risk of legal or regulatory sanctions, financial loss or reputational loss that the Bank may suffer as a result of its failure to comply with the applicable laws, regulations or code of conduct applicable to banking activities. It ensures strict observance of all statutory provisions in various legislations such as Banking Regulation Act, Foreign Exchange Management Act, Prevention of Money Laundering Act, Reserve Bank of India Act, etc. as well as the regulatory guidelines issued from time to time, the standards and codes prescribed by BCSBI, FEDAI, FIMMDA, etc. and also the Banks internal policies and fair practice code | |||||
| AbouttheRole | |||||
| Compliance:AML Quality Assurance Team is part of the AML team in Compliance department. Below are the role details. | |||||
| Key Responsibilities | |||||
| Develop quality control and assurance policies Conducts regular quality control checks to validate the effectiveness review process. Support AML team in researching emerging trends / best practices and determine implications of proposed methodologies. Create and maintain various AML documentation suitable for audit and regulatory review. Performing trend analysis on the basis of the large transactional and non-transactional data. Discuss identified cases with all the stakeholder and conclude. Publish various reports to various stakeholders. | |||||
| Qualifications | |||||
B.Com/ CAIIB/ CA AML Certification | |||||
| Role Proficiencies: | |||||
Understanding of key regulations and ensure Compliance along with evaluating sustenance. Good communication (both verbal & written) and inter-personal skills Strong Excel and database manipulation skills, financial and statistical analysis skills) Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment Ability to prioritize and make decisions in a fast-paced environment Ability to work as a part of team and contribute towards team goals Ability to manage multiple tasks/projects and deadlines simultaneously |
Job ID: 143696981
