Assistant Vice President - Compliance

Here is a detailed, professional job description tailored to your requirements for a Compliance professional specialized in the GIFT City (IFSC) regulatory ecosystem.

: Manager / Senior Manager GIFT City Regulatory Compliance

Role Overview:

We are seeking a highly specialized and detail-oriented Compliance Professional to oversee regulatory adherence for our business operations within GIFT City (Gujarat International Finance Tec-City).

In this role, you will be responsible for navigating the distinct regulatory landscape governed by the IFSCA (International Financial Services Centres Authority) and the RBI.

You will act as a strategic advisor, assessing the regulatory impact of new guidelines, supporting innovative product approvals, and maintaining an airtight compliance ecosystem through proactive testing, structural audits, and seamless regulatory liaison.

Key Responsibilities:

Regulatory Monitoring & Impact Assessment:

- Track, interpret, and monitor regulatory updates, circulars, and notifications issued by the IFSCA, RBI, and other relevant statutory bodies governing IFSC units.
- Conduct comprehensive regulatory impact assessments to determine how evolving guidelines affect existing business operations, capital models, and cross-border transactions.
- Ensure absolute policy adherence by translating complex regulatory mandates into actionable internal policies, operating procedures, and control frameworks.
Product Approvals & Compliance Testing:
- Provide end-to-end compliance support for the conceptualization, structuring, and approval of new products and services tailored for the GIFT City market.
- Design and execute robust compliance testing programs and thematic reviews to identify potential operational gaps, regulatory risks, or control deficiencies.
- Work closely with business and operational teams to implement sustainable remediation plans for any gaps identified during testing.
Regulatory Liaison & Audit Management:
- Act as the primary point of contact and liaise confidently with regulators (IFSCA/RBI) regarding statutory submissions, clarifications, and routine reviews.
- Manage, coordinate, and facilitate regulatory inspections, internal audits, and external statutory audits for the GIFT City unit.
- Track and drive the timely, sustainable closure of all audit and inspection observations, ensuring robust corrective and preventive action (CAPA) tracking.
Required Candidate Profile:
Technical & Domain Expertise:
GIFT City Ecosystem: In-depth, practical understanding of the IFSCA Act, operational frameworks, and regulations specific to Banking Units (IBUs) or Capital Market entities inside the IFSC.
Banking Regulations: Strong foundational knowledge of RBI guidelines relating to cross-border banking, foreign exchange management (FEMA), and commercial banking operations.
Audit & Testing: Proven experience in designing internal compliance matrices, carrying out risk-based testing, and managing high-stakes regulatory inspections.
Key Skills & Competencies:
Technical Skills:
- Core GIFT City / IFSCA Compliance.
- Thorough RBI Regulatory Monitoring.
- Specialized Product Approval Governance.
- Strict Compliance Testing & Auditing.
Professional Attributes:
- Exceptional Liaison & Relationship Management.
- Strong Analytical Skills for legal/regulatory interpretation.
- Project Tracking for audit closure timelines.
- High-impact written and verbal communication