Paytm Payments Bank - Chief Compliance Officer

Role: Chief Compliance Officer (CCO)

Job Location: Noida

Report to: Chief Executive Officer (CEO) / Board of Directors

Experience: 20+ years

Mode: Work from office

Job Summary:

The Chief Compliance Officer (CCO) is responsible for overseeing and managing the bank's compliance with regulatory requirements, internal policies, and industry standards. The CCO ensures that all banking operations adhere to legal and ethical guidelines to mitigate risks and avoid regulatory penalties.

Key Responsibilities:

Regulatory Compliance:

- Develop and implement compliance policies and procedures to ensure adherence to all relevant laws and regulations (e.g., anti-money laundering, know-your- customer, data protection).

- Stay updated on regulatory changes and assess their impact on the bank's operations.

Risk Management:

- Identify and evaluate compliance risks and establish appropriate risk management strategies.

- Conduct regular compliance risk assessments and audits to ensure effective controls are in place.

Training and Awareness:

- Design and deliver compliance training programs for staff to promote awareness and understanding of compliance obligations.

- Foster a culture of compliance within the organization.

Monitoring and Reporting:

- Oversee the monitoring of compliance activities and review internal reports to ensure adherence to regulations.

- Prepare and present compliance reports to the CEO, Board of Directors, and regulatory bodies as required.

Incident Management:

- Manage and investigate compliance-related incidents and breaches, and develop corrective action plans.

- Liaise with regulatory authorities during investigations and audits.

Policy Development:

- Develop and update compliance policies and procedures to reflect changes in regulatory requirements and industry best practices.

- Ensure policies are effectively communicated and implemented across the organization.

Advisory Role:

- Provide guidance and support to senior management and staff on compliance- related matters.

- Collaborate with other departments to address compliance issues and implement solutions.

Qualifications:`

Education: Bachelor's degree in Finance, Law, Business Administration, or a related field. Advanced degree (e.g., MBA, JD) or relevant certifications (e.g., Certified Compliance and Ethics Professional (CCEP), Certified Anti-Money Laundering Specialist (CAMS) preferred.

Experience: Minimum of 10 years of experience in compliance, legal, or regulatory roles within the banking or financial services industry, with at least 5 years in a senior management position.

Skills:

- In-depth knowledge of banking regulations and compliance requirements.

- Strong analytical, problem-solving, and decision-making skills.

- Excellent communication and interpersonal abilities.

- Proven leadership and team management skills.

- Ability to manage multiple priorities and work under pressure.