Compliance Product Officer| Vice President| Gandhinagar

Serves as a function/business/product compliance risk officer for Independent Compliance Risk Management (ICRM)/ Anti-Money Laundering Compliance Risk Management (ACRM) functions, responsible for assisting with internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and deliver a risk management framework that maintains risk levels within the firm's risk appetite and protect the franchise. In addition, engages with the ICRM/ ACRM Product and Function coverage teams, in order to partner to develop and apply CRM program solutions that meet the function/business/product and customer needs in a manner consistent with the Citi program framework.
Regulatory position for CBNA IFSC Branch (GIFT City) and appointment as AML Principal Officer with details confirmed to the Financial Intelligence Unit – India as per LRR.
Primary responsibility include monitoring compliance risk behaviors and providing day-to-day Compliance advice relating to the supported function/business/product and guidance on function/business/product rules/laws and interpretation on internal policies and procedures.
Provides ICRM/ACRM advisory to and oversight over businesses carried out in the International Banking Unit in the IFSC
Responsibilities:
Assisting in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM/ ACRM
Providing guidance on rules and regulations relating to function/business/product operational issues, as well as, provide transactional approvals and interpretation of internal compliance policies.
Assisting with regulatory inquiries and/or examinations. This may include coordination with regulators and other parties.
Collaborating with other internal areas including: Legal, Business Management, Operations, Technology, Finance, other Control Functions, and In-Business Risk to address compliance issues which may impact the supported function/business/product.
Supporting the function/business/product in performing timely compliance reviews of new products.
Assisting in the development and administration of Compliance training for the supported function/business/product.
Researching any new reform rules and rule changes and implementing policies, procedures or other controls necessary to comply with the rules. Read more