Compliance:BUCG - Treasury Team

About Compliance:

The Compliance department assists the Board and Top Management in managing the compliance risk, that is, the risk of legal or regulatory sanctions, financial loss or reputational loss that the Bank may suffer as a result of its failure to comply with the applicable laws, regulations or code of conduct applicable to banking activities. It ensures strict observance of all statutory provisions in various legislations such as Banking Regulation Act, Foreign Exchange Management Act, Prevention of Money Laundering Act, Reserve Bank of India Act, etc. as well as the regulatory guidelines issued from time to time, the standards and codes prescribed by BCSBI, FEDAI, FIMMDA, etc. and also the Bank’s internal policies and fair practice code

About the Role:

The BUCG Treasury team is responsible for managing the Compliance Risk Management activities of Treasury, International Compliance covering dissemination of regulatory guidelines / implementation, annual compliance risk assessment, product / policy reviews, evaluating the existing processes / controls, carrying out root cause analysis, devising remedial action plan and reporting to the Board.

Key Responsibilities:

• Maintain good understanding of regulatory guidelines / changes in guidelines issued by regulators from time to time and identify the actionables emanating from the guidelines.
• Monitor the implementation of the guidelines.
• Provide pro-active and consultative advisory services to the business units on compliance matters in a manner consistent with applicable guidelines.
• Consistently monitor the effectiveness of processes / controls through Key Compliance Indicators (KCIs), compliance testing.
• Conduct annual compliance risk assessment, assess the residual risk and identify the critical units / areas to be focused for mitigation of compliance risk

Qualifications:

Optimal qualification for success on the job is:

• MBA / Postgraduate with Banking background

Role Proficiencies:

For successful execution of the job, the candidate should possess the following:

• Good communication (both verbal and written) and inter-personal skills
• Strong Excel and database manipulation skills, financial and statistical analysis skills)
• Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment
• Ability to prioritize and make decisions in a fast-paced environment
• Ability to work as a part of team and contribute towards team goals
• Ability to manage multiple tasks/projects and deadlines simultaneously

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