Financial Crime Compliance Officer

Financial Crime Compliance (FCC) is a compliance and risk management function responsible for the ongoing monitoring and oversight of the FCC program in India. It includes the provision of advisory support to business areas and ensuring adherence to regulatory requirements, policies and standards. The FCC function, as a second line of defense, also poses credible challenge to the business controls framework, pursuant to applicable financial crime risks.

The FCC team has oversight and coverage of Private Banking (PB), Investment Banking & Capital Markets (IBCM) including Asia-Pacific Financing Group (AFG) and Asia-Pacific Global Markets (Markets) businesses operating in India.

Key Responsibilities:

• Fulfil obligations and duties as Principal Officer for CS Securities India entity

• Track and disseminate the regulatory changes. Bring out key impact areas and socialized with first line stakeholders

• Perform gap analysis of regulatory guidelines and ensure policy updates

• Provide mentorship and risk-based solutions to the business on local, regional and global policy requirements

• Assisting the MLRO with the performance of risk assessments and identifying risks associated with new products, services, sophisticated transactions, clients and geographies

• Supporting the MLRO during regulatory reviews and statutory notices

• Perform expert quality assurance checks / four eye checks on the transaction monitoring alerts

• Assisting in the development, delivery and tracking of training to Front Office and support areas

• Conducting database searches, identifying and advancing adverse information, sanctions, reputational and sustainability risks, market risk exposure, etc, arising from client relationships and third-parties

• Undertaking detailed financial crime investigations, including detailing specific due diligence and drafting case recommendations to MLRO on whether reasonable grounds for a suspicion exists, in relation to a client and/or third-party, in accordance with Australian regulatory requirements

• Collaborating with regional offices on the implementation of projects, initiatives and platform changes impacting the India Program

• Performing compliance reviews on reporting obligations under FIU India

• Assisting the MLRO on FCC sign off by performing Subject Matter Expert review over front office procedures

• Assisting the MLRO in implementing regulatory change, new and revised policies and standards, as applicable, and the ongoing improvement of the local AML/CTF program.

Other General Responsibilities:

• Awareness and proven understanding of business products and services and keeping up to date with industry practices

• Expert understanding and adhering to other associated bank policies

• Ensuring appropriate handling of critical and confidential investigations and client information

• Encouraging a positive and professional work environment with corporate functions and business partners

• Building and maintaining positive relationships with business and first line of defense personnel

• Responsible for supporting the coordination of internal and external audits and reviews related to the function

• Producing and acting on management information reports to country and APAC management

• Being updated with training requirements.



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Your future colleagues

Your skills and experience would include:

• Candidate is encouraged to have experience of Financial Crime Compliance related statutory and regulatory requirements such as KYC/AML, Sanctions, Anti Bribery and Corruption
  


• Proven knowledge of regulatory reporting obligations e.g. FIU India, RBI, SEBI relating to KYC / AML area
  


• Proven understanding and knowledge of product framework under RBI and SEBI product licenses
  


• Proven experience to interact with regulators and handling inspections
  


• Dedication to fostering an inclusive culture and value diverse perspectives.