Branch:Branch Relationship Officer

Job Description

Role description

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 Bank’s internal policies and fair practice code

About the Role

Compliance officer is responsible for all department (Credit, Treasury, Retail Banking, Control Functions) wrt to

regulatory guidelines, compliance related inputs for Risk assessment.

Key Responsibilities

· Dissemination of regulatory guidelines, clear instructions to departments with respect to timely action to

be taken.

· Follow up and ensuring implementation of the agreed actionable.

· Understand an end-to-end scope of products / processes proposed by departments, and giving

compliance related inputs, conducting compliance risk assessment of the relevant units, preparing notes

to be placed to various committees / Top Management within the Bank.

· Analyzing new regulations and its impact and following-up for compliance of the same.

· Maintaining complete repository of all relevant items of breaches and creating breach universe.

Qualifications

Optimal qualification for success on the job is:

· MBA / Postgraduate with Banking background

· Candidate should be keen learner and observer with sharp analytical skills and clear articulation in

communication

Role Proficiencies:

For successful execution of the job, a candidate should possess the following:

· 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

Skills

Refer to the Job Description