Job Requirements
About the Role
The Senior Compliance Manager FEMA & Trade is responsible for overseeing all compliance-related activities within the Retail Banking business. Based in Mumbai, this role ensures adherence to legal and regulatory requirements, develops and monitors control systems, and supports the organization in maintaining a robust compliance framework.
Key Responsibilities
Primary Responsibilities
- Oversee all business operations relating to compliance including policies, investments, and procedures.
- Design and monitor control systems to address violations of legal rules and internal policies.
- Regularly assess the efficiency of control systems and recommend effective improvements.
- Review and evaluate bank procedures and reports to identify hidden risks or common issues.
- Perform periodic audits on company procedures and processes; maintain and organize compliance records.
- Draft compliance checklists, manuals, and other regulatory documentation.
- Coordinate with department leads to review all departmental compliance policies.
- Liaise with senior management to ensure proper implementation of compliance policies.
- Act as a confidential point of contact for employees to seek clarification on compliance issues or report irregularities.
- Initiate investigations when potential non-compliance occurs within the bank.
- Facilitate employee training sessions on legal and compliance issues.
- Supervise compliance officers and team; share best practices.
Secondary Responsibilities
- Leverage in-house synergies through collaboration with internal stakeholders.
- Keep abreast of regulatory developments within or outside the bank and evolving best practices in compliance control.
- Create an environment that promotes collaborative learning and collective ownership of responsibilities.
What We Are Looking For
Education
- Relevant academic qualifications in law, finance, or business administration.
- Post Graduation in business management is preferred.
Experience
- 8 years of proven experience in compliance management, preferably within the banking or financial services sector.
- Experience in managing teams and leading compliance initiatives.
Skills and Attributes
- Strong understanding of FEMA and trade regulations.
- Excellent analytical and problem-solving skills.
- Effective communication and interpersonal abilities.
- Ability to lead and manage a team.
- Attention to detail and organizational skills.
