Sr. Compliance - FEMA & Trade- Mumbai

Job Description:

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
* 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.