Company: DBS Bank
Location: Maharashtra, India
Employment Type: Full-time
Description:
Business Function
Legal, Compliance & Secretariat ensures that the bank’s interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.
Job Purpose
To strategize, identify & manage all Regulatory and Business compliance for DBS India. To develop & build an effective Compliance function that partners & supports the overall strategic agenda & growth of DBS India by providing pragmatic and effective compliance advisory to manage Compliance risk across the business and assist in the design and implementation of procedures to effect the reduction of this risk. To control & manage the regulatory compliances, security & fraud control functions
Key Accountabilities
To manage the regulatory reporting & all legal compliances for the… financial operations of DBS India
Ensuring regulatory (internal & external) filings are done in a timely and accurate manner as per the regulatory checklist
Ensure Zero Tolerance in errors & delays through pro-active follow up
Ensure KYC & AML policies & guidelines are communicated & implemented throughout the bank
Monitor MIS and regulatory reports
Interrogate and analyze data extracted and investigate any anomalies
Ensure Monthly Bench Mark submission surveillance
Evaluate, train and motivate the team for the establishment and embedding of the values, behaviours and philosophy of continuous improvement, and implementing best practices. Develop and maintain a close working relationship with all business heads, product & business managers
To act Principal Officer & Compliance Officer for DBS India
Job Duties & Responsibilities
Disseminate timely advice on changing regulations either from RBI, SEBI or IRDA. Submit a monthly Regulatory/Compliance report to relevant stakeholder in DBS India
Help implement effectively the KYC/AML guidelines and the banks Personal Investment Policy (PIP). Also cover training of all personnel in this regard
Assist in the conduct of RBI Audit and the follow up and resolution of issues
Undertake performance reviews, setting performance measures for direct reports and providing coaching and support. Assist with development of team infrastructure both technology and people-wise
Liaise with the Regulators and establish a cordial rapport. Correspond with the regulators
Ensure maintenance of various lists e.g. Blacklist, STR List, Caution List, UN List, European List etc. on DIVAS enabling Customer Service to scan their data base against the entries
Proactively forge relationships with a broad range of business areas and third parties in order to encourage the best quality output and service from the team
Required Experience
18 years plus financial services industry practice
Track record of effective management of staff
Experience of commercial banking procedures and practice
Good academic grounding
Education
A CA/Graduate with direct experience in banking or financial services industry
Core Competencies
Excellent diagnostic skills and rigorous approach to problem solving
Excellent communication and negotiation skills at all levels, especially drafting & writing skills
Excellent comprehension skills to understand and interpret industry data and economic trends
Strong formal presentation skills to gain acceptance to solutions, both internally and externally
Attention to detail & Tenacious
Proven leadership experience in leading & team creation and co-ordination skills to mobilize, manage and review control issues, including speedy resolution
Ability to think creatively and identify innovative solutions; Should have a stable mindset to handle issues & also be able to think through a problem
Should be able to identify and forecast legal & compliance risks / rewards, in line with proposed business growth & find solutions
Technical Competencies
Strong knowledge on BCSBI (Banking Codes & Standards Board of India)
Strong knowledge on all related laws in India especially laws governing RBI, SEBI, FEDAI, IRDA, AMFI, FIMDA, NSE, BSE, NSDL, CDSL, etc
Sound knowledge of the overall banking environment
Must have overview of the applicability of various statutes/ laws applicable
Work Relationship
Close working relationship with all business heads, product owners & internal support functions to sign off & ensure compliance for all products & services offered by DBS India
To act as Principal Officer & Compliance Officer for DBS India
Close interaction with the operations team to ensure compliance & filings for KYC & AML regulations
Interaction with BCSBI (Banking Codes & Standards Board of India)
External interaction with governing bodies such as the RBI, SEBI, FEDAI, IRDA, AMFI, FIMDA, NSE, BSE, NSDL, CDSL, etc
Close working relationship with Legal & Compliance team in Singapore as well as credit teams in Singapore for forex loans
Primary Location
India-Maharashtra-Mumbai
Job
Compliance
Schedule
Regular
Job Type
Full-time
Job Posting
Feb 23, 2024, 8:34:39 PM
Source: Shine
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