Associate-aml Kyc Compliance - Mumbai, India - IDFC FIRST Bank

IDFC FIRST Bank

Verified Company

Mumbai, India

3 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Role/ Job Title:

Associate Compliance

Function/ Department:
Compliance

Location:

Mumbai

Job Purpose:

The role entails the responsibility to support compliance manager in ensuring bank's policies and procedures comply with regulatory and ethical standards.

Primary Responsibilities:

Support all business operations relating to compliance including policies, investments, and procedures.

Monitor control systems to deal with violations of legal rules and internal policies.

Regularly assess the efficiency of control systems and recommend effective improvements.

Assist in performing periodic audits on company procedures and processes, maintain and organize compliance records.

Implement compliance checklists, manuals, and other regulatory documentation.

Prepare compliance reports by collecting, analysing, and summarizing information.

Keep other departments abreast of requirements by researching regulatory and filing information, writing, and communicating guidelines.

Support investigations, when possible, non-compliance takes place within the bank.

Facilitate employee training sessions on legal and compliance issues.

Respond to all compliance queries, maintain effective relationships with other departments.

Leverage in-house synergies through collaboration with internal stakeholders.

Keep abreast of regulatory developments within or outside of the bank as well as evolving best practices in compliance control.

Education:

Graduation:

Bachelor's in Engineering / Technology / Math's / Commerce / Arts / Science / Biology / Business / Computers / Management.

Experience:

2 to 5 of experience in compliance function handling KYC