Job Title

Job description: The Compliance Officer would lead the Compliance department and would be the designated Chief Compliance Officer (CCO) for CACIB Proposed IBU Branch. He / she would primarily manage all the Compliance tasks / requirements and coordinate as the CCO, for all the regulatory & supervisory requirements w.r.t the IBU Branch. The CCO would administratively report to the Head of the IBU branch and functionally to the India Head of Compliance at CACIB India branches. The Compliance Officer would have dual roles roles/ functions i.e. as the Chief Compliance Officer (CCO) of CACIB – Proposed IBU Branch and Financial Security Correspondent (MLRO) for the IBU Branch. There are numerous tasks performed and advised upon by the concerned individual. I. Main responsibilities: (a) As Chief Compliance Officer (CCO) of Proposed IBU Branch: Maintain oversight and assist the bank’s management to ensure that business operations of the IFSC Branch comply with CACIB Group policies / procedures and IFSCA regulations. Key responsibility includes compliance advisory, monitoring and liaison with local regulators (IFSCA, others), India Head of Compliance at CACIB India and/ or Regional / HO Compliance for group regulations and local stakeholders for various matters from a compliance perspective. (b) As Financial Security Correspondent (FSC): Maintain oversight and assist the bank’s management to ensure that business operations of the IFSC Branch comply with CACIB Group Financial Security (FS) policies / procedures and IFSCA / FIU regulations w.r.t KYC / AML / CFT and International Sanctions. Key responsibility includes FS advisory, alerts / other monitoring, and regulatory reporting as part of role of FSC for CACIB – Proposed IBU Branch including the role as MLRO under the local regulations of IFSCA / FIU etc. II. Main Duties: For IFSCA regulations, provide recommendation to and alert senior management on regulatory compliance matters. Work closely with local management on issuance / implementation of any new policies, guidelines, regulatory requirements and / or systems. Monitor and maintain a robust system of regulatory watch covering dissemination of regulatory and group guidelines to concerned business lines / stakeholders for effective implementation. Oversee / ensure implementation of group and local regulatory reporting for compliance. Ensure effective liaison and co-ordination with regulators (IFSCA and others) and similar authorities on regulatory matters concerning CACIB India. Review, issue and circulate regulatory letters / notices internally where applicable. Review, consult and ensure feedback provided to regulators on notices or any other matters where the regulator seeks specific submissions. Oversee and provide compliance advise / consultation to local management / staff on compliance matters (regulatory compliance, financial security, customer protection, complaints, prevention of fraud etc.). Ensure employee awareness of compliance issues, risks and contribute towards maintaining a strong compliance culture across the branch. Ensure periodic Compliance risk assessment and supervise / implement the compliance program (compliance controls, monitoring and reporting). Ensure review / update of existing compliance procedures and internal policies to keep in line with regulatory and internal policy changes in the relevant documents, for example Compliance Manual. Participate actively and contribute as a member of the local Governing Body / Committee of CACIB – proposed IBU Branch, and for matters concerning New Products & Activities, Audit Committee, Internal Control Committee and others as appropriate. Drive the agenda relating to Compliance Management Committee (CMC) for presentation to the local Governing Body / Committee ensuring periodic reporting to the senior management on compliance matters. As designated FSC / Principal Officer for CACIB – Proposed IBU Branch, work closely with FS India / Region / HO and liaise with local regulatory authorities (IFSCA, FIU India etc.) on matters concerning KYC/ AML/ CTF and International Sanctions. Ensure implementation of FS framework in line with Group and local regulatory guidelines. Ensure compliance mandated trainings undertaken by employees in line with Bank’s compliance framework. As part of US Law Compliance Program (USLCP): Ensure that local processes implemented cover & respect the group policy and compliance standards; Approve relationships with higher sanctions risk customers; Monitor the on-going compliance with group sanctions policy; Ensure management of the transaction filtering alerts; Produce and consolidate the action plans in response to EWRA; Ensure group mandated reporting / escalation and local reporting in respect of sanctions compliance matters. Ensure communication with regulators and other authorities in respect of sanctions related matters. Skills and Qualifications: Educational Background: Post graduate, preferably a Chartered Accountant or Masters from a reputed Management Institute. Experience: Over 10 years preferably in the field of regulatory compliance and reporting. Past compliance experience with IBU GIFT City preferred. Key Skills: Sound knowledge of IFSCA regulatory framework and guidelines and in general, Banking regulations / norms in India. Good understanding of banking business and various products / services under the segments of Global Markets, Corporate Banking and Trade Finance. Ability to communicate effectively, both verbal and written. Eye for details and strong ability to analyze, summarize and report. Apprehension of rigor, priorities and results. Capacity to manage relationships, cooperate, work across disciplines and lead / structure activities towards successful achievement of goals.