Chief Compliance Officer - Bank

Chief Compliance Officer - Leading Bank

Job Brief:

- Oversee and monitor Compliance with applicable laws and regulations for multiple products such as liability products, customer service, IS/IT, etc.

- Provide clarification/interpretation on Compliance related issues to business units.

- Apprise the functional heads on regulatory guidelines and ensure the management stays abreast with anticipated regulations as well as industry best practices

- Promptly report to board /ACB/CEO about any major changes /observations/failure/breaches relating to compliance risk

- Ensure compliance of supervisory observations by RBI in both letter and spirit in a time bound and sustainable manner

- Conduct assessment of compliance risk as an integral part of compliance testing

- Work closely and creatively with cross functional teams including banks MLRO and CXO's and provide guidance on implementation of regulatory guidelines

Ensure effective assessment of control design and maintenance of compliance framework, training on the regulatory and conduct risks and effective communication of compliance expectations

Requirements

a) Good understanding of industry and associated regulations /legal framework and sensitivity to supervisory expectations

b) Strong analytical and dispute resolution skills. Ability to make independent decisions with a strong sense of empowerment and leadership skills to command the respect of a cross functional set of professionals at senior level (internal and external) working in open ended situations.

c) Leadership: Significant leadership experience gained with large teams.

d) Communication Skills: Effectively interact with the leadership at the bank and also with the Board as appropriate.

e) Influencing: Influence decisions with internal stakeholders in the bank.

f) Ethical Standards: Must have high ethical standards, credibility and a commitment to best practices