Head - Wholesale Advisory - Bank

Hiring for a well known bank

Position Purpose

The role envisages the incumbent to ensure the Products, Processes and Controls required, are in line with the regulatory prescription and act as a bridge between the Business and the regulators for seeking clarification and providing solutions to business. The role is expected to expert in regulatory guidelines applicable to Credit, Treasury/Markets and FEMA regulations. Further, the role is also expected to take care of International Banking Unit (IBU) at Gift City and expected to handle IFSCA regulators.

Key Responsibilities

- Advisory to wholesale business on various aspects like credit, IRAC Norms, Investment Transactions etc

- Advisory to various business and operations units regarding Trade/FEMA related transactions and cross border remittances.

- Advisory to Treasury business and operations regarding markets/derivative related transactions including investment transactions.

- Guidance and advisory to IBU Compliance officer based at Gift City including interaction with IFSCA wherever required.

- Interacting with the regulators for seeking clarification and solutions to business dilemmas

- Vetting or drafting of regulatory correspondences

- The responses provided by the various units for RBI observations are reviewed for their completeness.

- Reviewing Policies, Product Notes and SOPs

- Vetting of summary for regulatory circulars for dissemination.

- Reviewing controls provided by the various units of the Bank for the obligations mapped to them are reviewed for their design effectiveness.

- The responses provided by the various units for RBI observations are reviewed for their completeness.

- Responsible for compliance training and awareness, providing proactive and expert compliance advisory service