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- To conduct Customer Due Diligence and Entrance Due Diligence, Sanction checks in case Correspondent Bank is rendering or dealing in Virtual Currencies and Downstream relationship etc.
- To review FB's AML policies and KYC documents whether they are in line with US, UN, FATF's, Wolfsburg regulations and their local central bank's requirements
- To timely monitor Wolfsburg questionnaire on regular basis and propose the changes in case any changes requires.
- To understand, analyze, advice and implement sanctions compliance measures as prevailing global, regional, national and local sanctions programs and regulatory requirements. This will include
- Assisting in Policy/Framework/Process setting, periodic reviews of policy framework/process.
- Reviewing Business Proposals and providing sign off from sanctions compliance perspective
- Reviewing and approving on name screening alerts for business transaction processing
- Assisting in assessment of AML systems effectiveness and efficiency levels through periodic testing.
- Assess internal trends, external regulatory and law enforcement environments to make recommendation, understand risk areas and alter or add to current process.
- Any other assignment as assigned by Principal Officers office.
Regulatory Reporting Manager - Mumbai, India - IDFC FIRST Bank
Description
Role/ Job Title : Regulatory Reporting Manager
Function/ Department: Compliance
Job Purpose:
To review of KYC document of Foreign Banks on periodic basis as per RBI regulations regarding AML/CFT and KYC.
Roles & Responsibilities:
Education Qualification:
Graduation: Any Graduation
Post-graduation: Any Post-graduation
Experience: 5 – 10 years of relevant experience