Associate Vice President/Vice President - Compliance - Private Banking & Wealth Management

AVP/VP Compliance - Private banking & wealth management - Mumbai

Basic/ Essential Qualifications:

- In-depth knowledge and understanding of the regulatory requirements in India across the functional areas.

- Robust understanding of the various products and services offered by the Private Bank business cluster with focus on Investments and Asset management (PMS/AIF/ Investment Advisory/ Research) businesses

- Understanding of Gity city regulations will be preferred

- Preferred Post graduate qualification and relevant experience commensurate with VP role gained in the legal or compliance departments.

- Strong knowledge of Indian business environment.

- Ability to work closely with other functions to find both technical and procedural solutions.

- Quick thinker with ability to understand complex transactions and explain compliance issues clearly and concisely.

- Ability to take independent decisions and guide business as well as to handle areas of difference with business and escalate.

- Detail oriented, strong team player with a proven track record.

Desirable skillsets/ good to have:

- Provide day to day advice and check and challenge the business on all relevant matters including escalating significant matters promptly, providing additional information where requested, analyzing/interpreting legal, regulatory and internal policy/procedure issues.

- Maintain regular communication/liaison with relevant senior management, business and others to ensure that they are aware of the business and regulatory risks, including advising them of significant policy matters, regulatory changes, audits and inspections and breaches, if any.

- Proactively lead the enhancement of the local compliance culture in the entity through a range of methods, including attendance at local business/other team meetings, training, engagement with local risk management, operations and front office staff, identification of and sharing best practices.

- Active involvement in the product approval procedure (from initial discussion stage to roll out of new products) and provide a holistic view on the product and help the business in determining an appropriate control and governance framework.

- Attend and contribute to local, regional and global team meetings/calls, helping identify and share best practices, and undertaking peer reviews.

- Attending to all regulatory compliance issues including focus on Investment and asset management related matters compliance advisory covering Investment advisory, Research, PMS, AIF regulations governed by SEBI