Director, GBAM Senior Compliance Manager Bank Of America - Mumbai,
Job number: MUM03664
Chartered Accountant or MBA from a premier institute with over 10 years of relevant experience, preferably in a multinational wholesale bank.
Job description
Overview
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for its international businesses and is a long-established participant in Asia Pacific with a presence since 1947. With 23 offices in 12 geographies, covering nine currencies, more than a dozen languages and five time zones, the company offers an integrated and comprehensive set of products and services across Global Corporate & Investment Banking, Global Markets and Wealth Management, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise.
Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.
Responsibilities
Compliance coverage of Cash Management, Trade Services, Corporate Banking and Risk.
Providing guidance on FEMA related aspects like Capital account and Current account transactions including reviewing product programmes and structures from a regulatory perspective.
Managing the Annual Financial Inspection of RBI including tracking issues and coordinating responses from all business units and interfacing wih RBI.
Handling the Compliance Monitoring & Testing process covering both internal and RBI requirements across the bank.
Interface with RBI on critical matters requiring additional clarifications.
Interacting with Corporate Audit to provide regulatory clarifications during internal audits.
Working closely with industry bodies like Indian Banks Association (IBA).
Attending to regulatory correspondence promptly including adhoc requests.
Working very closely with Asia Pacific Regional Compliance Management for rolling out company wide compliance programs.
Requirements
Required Skills :-
1. Thorough knowledge and understanding of RBI regulations and FEMA to be able to provide solution oriented guidance and support to the business.
2. Thorough knowledge of the RBI inspection process and cycles.
3. Very good understanding of the wholesale banking business and the regulatory environment and ability to apply them in a practical manner.
4. Ability to maintain a culture of compliance by identifying, escalating and timely mitigation of compliance risks.
5. Ability to influence business managers and peers to ensure enforcement of compliance pograms, balancing business strategy with appropriate controls.
6. Must have good communication and people management skills so as to effectively interact with seniors at regulatory agencies, external consultant and other internal groups.
3. Good networking with market participants and compliance fraternity.
Responsibilities
Requirements
1. Thorough knowledge and understanding of RBI regulations and FEMA to be able to provide solution oriented guidance and support to the business.
Desired Skills :-
2. Excellent inter-personal skills and willingness to be a team player.
Posting Date: 18/03/2015
Location: Mumbai
Full / Part-time: Full Time
