Manager - Business Compliance - KYC/AML - Liabilities - Commercial Banking Group

Position Title : Business Compliance

Grade : Manager

Location : Mumbai

Purpose of the Job - Business compliance officer for liabilities : Commercial Banking group

Key Deliverables :

This official will be responsible for ensuring adherence to KYC AML norms adopted by Bank for respective business segment and implementation of various projects with all stakeholders such as Business, branches, Technology, Operation, Central Compliance.

The key responsibilities include :

- Act as a subject matter expert to employees and provide clarifications on existing process /products /related features of the products/ polices related to Anti money laundering (AML) / Know your customer (KYC) norms to business teams and cross functional teams.

- Guide his / her team to ensure timely and correct delivery of compliance requirement and projects. He or she should be able to communicate to senior authorities on the subject matter

- Undertake projects and assignments necessary to simplify & streamline existing process. Identification of potential weaknesses in processes and accordingly ensuring the role out of detailed process note, checklists, responsibility matrices etc.

- Understand & evaluate the market for new product roll-out. Gathering voice of business and design of industry specific policies to impact the business numbers without diluting or compromising on compliance and regulatory requirement.

- Understand new regulatory policies and draft the processes to ensure implementation in respective business group.

- Understand the dynamism of market and evolving regulatory policies. Design the processes to implement changes in KYC related policies ensuring compliance to regulatory guidelines without causing inconvenience to customer.

- Manage large and complex cross-function projects.

- Conduct timely reviews with senior management and group compliance officers

- Preparation of training material & ensure training on AML and KYC norms to business teams at regular intervals.

Key Skills :

- Ability to easily grasp and comprehend AML risks

- Strong attention to details and interpretation

- Ability to analyse the transactions and ways to mitigate the risks

- Excellent written and oral communication skills

- Ability to present case in a meaningful manner to business and cross functional teams

- Ability to multi-task and prioritize

- Stay current with regulatory polices viz. money laundering, terrorist financing behaviors, issues, policies, regulations, industry best practices, and developing trends