Compliance Gift Branch Balance Sheet Mangement Unit Fcy Gift City
Year Gandhinagar, Gujarat, India
Job Description
b'
Compliance & AML - GIFT City Branch
Department
BMU
Location
Gandhinagar
Number of Positions
01
Reporting Relationships
SVP \xe2\x80\x93 GIFT City
Position Grade
M5 / M6
Kotak Mahindra Bank Gift City Branch is the Bank\xe2\x80\x99s first offshore balance sheet located at International Financial Services Center Banking Unit [IBU], in Gujarat International Finance Tec - (GIFT) City. The branch transacts with offshore clients of the Bank \xe2\x80\x93 entities across the globe for their funding (Non INR) requirements; extending ECBs to Indian corporates, Trade and other transaction banking products. The branch is now empowered to transact with professional individual customers \xe2\x80\x93 both Resident & Non-Resident. We expect this new business to power balance sheet growth for GIFT Branch. We are planning to grow this opportunity into a large sustainable franchise for the Bank.
To put our plans to action and manage this growth, we are looking for bright & motivated individuals, who are capable of managing the growth pangs and hungry to prove themselves. Since we are working with lean teams, incumbents will be required to manage end to end. As the business grows, so will the size of the team \xe2\x80\x93 both horizontally and vertically.
JOB DESCRIPTION:
- Responsible to manage the Compliance function in coordination with HO at GIFT City branch as a separate entity.
- Develop compliance adherence, monitoring and reporting to the Senior Management.
- Ensuring timely & accurate submissions to various internal & external stake holders. Stake holders to include:
- Compliance function at HO
- Other Internal control functions.
- Local regulatory authorities at GIFT
- Other regulatory agencies in the jurisdiction that GIFT is active in.
- Relationship Management: Periodic & constructive engagement with regulatory agencies governing GIFT to ensure that regulators are abreast of developments in the Bank and that bank is aware of regulator expectations at times.
- Responsible for review / approval of onboarding and customer classification as per the regulatory & AML requirements.
- Responsible for development, continuous improvement and functioning of reporting infrastructure on compliance & AML functions.
- Review of new products procedures from a compliance perspective \xe2\x80\x93 both Indian & global.
- Provide insights to business units from a regulatory perspective on fresh business proposals / products as may be required from time to time.
- Provide Top Management / ALCO / Credit committee / OREC with timely and relevant insights / MIS / notes on Compliance parameters.
- Ensure compliance of the Branch with all regulatory, Basel and internal guidelines and ensure no adverse audit observations.
- Keep upto date with global developments from relevant regulatory authorities Spreading of compliance Culture and awareness across the network.
- Smart and positive personality, with self-start, Can-do attitude.
- High moral & ethical standards.
- Excellent oral & written communication skills.
- Ability to interact with various stake holders \xe2\x80\x93 internal & external, on regulatory matters.
- Understanding of / Ability to understand Banking business, Guidelines and Regulations.
- Experience in similar role will be a big advantage.
Beware of fraud agents! do not pay money to get a job
MNCJobsIndia.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.
Related Jobs
Job Detail
-
Job IdJD3259962
-
IndustryNot mentioned
-
Total Positions1
-
Job Type:Full Time
-
Salary:Not mentioned
-
Employment StatusPermanent
-
Job LocationGandhinagar, Gujarat, India
-
EducationNot mentioned
-
ExperienceYear