Compliance Manager

Job Requirements

About the Role

The Senior Compliance Manager FEMA & Trade is responsible for overseeing all compliance-related activities within the Retail Banking business. Based in Mumbai, this role ensures adherence to legal and regulatory requirements, develops and monitors control systems, and supports the organization in maintaining a robust compliance framework.

Key Responsibilities

Primary Responsibilities

• Oversee all business operations relating to compliance including policies, investments, and procedures.
• Design and monitor control systems to address violations of legal rules and internal policies.
• Regularly assess the efficiency of control systems and recommend effective improvements.
• Review and evaluate bank procedures and reports to identify hidden risks or common issues.
• Perform periodic audits on company procedures and processes; maintain and organize compliance records.
• Draft compliance checklists, manuals, and other regulatory documentation.
• Coordinate with department leads to review all departmental compliance policies.
• Liaise with senior management to ensure proper implementation of compliance policies.
• Act as a confidential point of contact for employees to seek clarification on compliance issues or report irregularities.
• Initiate investigations when potential non-compliance occurs within the bank.
• Facilitate employee training sessions on legal and compliance issues.
• Supervise compliance officers and team; share best practices.

Secondary Responsibilities

• Leverage in-house synergies through collaboration with internal stakeholders.
• Keep abreast of regulatory developments within or outside the bank and evolving best practices in compliance control.
• Create an environment that promotes collaborative learning and collective ownership of responsibilities.

What We Are Looking For

Education

• Relevant academic qualifications in law, finance, or business administration.
• Post Graduation in business management is preferred.

Experience

• 8 years of proven experience in compliance management, preferably within the banking or financial services sector.
• Experience in managing teams and leading compliance initiatives.

Skills and Attributes

• Strong understanding of FEMA and trade regulations.
• Excellent analytical and problem-solving skills.
• Effective communication and interpersonal abilities.
• Ability to lead and manage a team.
• Attention to detail and organizational skills.