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Job Description
- Ensure compliance with the guidelines issued by the Central Bank of the UAE (CBUAE), the Reserve Bank of India (RBI), and the Corporate Office with respect to AML/KYC and regulatory requirements.
- Monitor the conduct of business to promptly identify and address any breaches of regulatory or internal compliance requirements.
- Liaise with relevant regulatory and statutory authorities (including the CBUAE and FIU) and represent the territory on compliance and AML matters.
- Investigate suspicious transactions and, where required, file Suspicious Transaction Reports (STRs) with the local authorities within the prescribed timelines.
- Submit the monthly Compliance Certificate to the Group Chief Compliance Officer at the Corporate Office, reflecting the factual status of KYC/AML/OFAC compliance in the territory.
- Act as the nodal officer for preparing analytical data on AML and regulatory compliance issues for senior management, and exercise adequate oversight.
- Ensure that transaction monitoring alerts are cleared on a daily basis, and verify at least 5% of alerts on a random basis.
- Periodically review transaction monitoring scenarios to assess the effectiveness of the system.
- Conduct Compliance Quality Assurance Tests, prepare reports, and develop action plans with timelines to address identified gaps.
- Establish and maintain compliance and AML policies to be followed by all employees in the territory.
- Review and update KYC, AML, and other compliance policies periodically to reflect local laws and regulatory updates.
- Ensure that records are maintained in accordance with compliance and AML policies.
- Ensure that existing and proposed data processing and information systems support compliance requirements, and assist in their continuous review.
- Organize and oversee training programs in coordination with the HR Department to ensure employees are aware of and understand their compliance and AML responsibilities.
- Coordinate with the Corporate Office compliance team in India
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Skills
ComplianceRegulatory ComplianceRegulatoryRegulatory RequirementsCompliance OfficerIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
Bank of Baroda is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It is the second largest bank in India, next to State Bank Of India. Its headquarters is in Vadodara, it has a corporate office in the Mumbai. It has been a long and eventful journey of almost a century across 21 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.
Important dates & deadlines?
Application Deadline
11 Dec 25, 03:41 PM IST
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