Compliance Officer |amp| MLRO

Core Compliance Ensuring that the Operations at IBU Gift City Branch is in Compliance with Regulatory Guidelines and Regulations To be the nodal point of contact between the Bank Branch and IFSC Authority / RBI / Other Regulatory Bodies and to liaise with them on all regulatory matters Dissemination of Compliance Requirements / Monitoring Compliance with the Regulatory guidelines / Instructions Incorporate a robust mechanism to ensure that regulatory guidelines/instructions are promptly issued/ disseminated within the organization Putting in place and review of Policies / circulars / instructions issued for compliance with the regulatory guidelines before these are disseminated amongst the operational units Formulation of Annual Compliance Testing Plan to validate compliance with important regulatory guidelines Serve as a reference point for the banks staff from operational departments for seeking clarifications/ interpretations of various regulatory and statutory guidelines Review new products, procedures, system implementation which will result in all the activities of the bank being compliant with all the regulatory and statutory requirements as also the internal procedures, processes and policies laid down by the Bank.
Reporting to the Head Office Compliance Function and the Chief Compliance Officer of the Bank on Compliance Programme of the Branch on an ongoing basis B.
KYC / AML Establishing and maintaining the banks AML/CFT policies and procedures Efficiently managing the transaction monitoring programme of the branch Acting as single point of contact for handling internal suspicious transaction reports from the Banks staff and as the main contact for the Financial Intelligence Unit, the Head Office AML Compliance Function and other concerned bodies regarding AML/CFT Taking reasonable steps to establish and maintain adequate arrangements for staff awareness and training on AML/CFT matters (whether internal or external) Reporting to the Head Office Compliance Function and the Chief Compliance Officer of the Bank on Transaction Monitoring Programme and AML/CFT measures of the Branch on an ongoing basis. Read more