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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\xe2\x80\x99s internal policies and fair practice code
About the Role:
The Compliance Operations Team is responsible for ensuring the proper adherence to all compliance requirements and to process any operational requirements for the same. The Team must ensure Dissemination of regulatory guidelines, clear instructions to departments with respect to timely action to be taken. The Role involves taking due cognizance of all regulatory requirements and to drive and ensure compliance across the Bank\xe2\x80\x99s functions. Proper Due diligence must be conducted before precipitating any Business Transaction for matters of Compliance Adherence.
Key Responsibilities
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