Compliance Officer & MLRO

About the company

Our client is one of India’s leading private banks, incorporated in August 1994, with its registered office in Mumbai, India. Their business philosophy is based on five core values – Operational Excellence, Customer Focus, Product Leadership, People and Sustainability. As of September30, 2023, the Bank’s distribution network is at 7,945 branches. The Bank’s representative office in Singapore provides information on home loan products for purchase of residential property in India.

Job Description and Responsibilities

Our client is looking for a high calibre professional to join their team and buildup an emerging presence as a Compliance Officer & MLRO based in Singapore. Our client provides their employees with ample opportunities for career growth and development. The positive work environment and comprehensive training programmes ensures that the team of professionals is highly motivated and equipped with the skills to excel in their respective roles. They believe that the ultimate identity and success of the bank will reside in the exceptional quality of their people with extraordinary efforts.

This position will provide all round support to the HDFC Bank Singapore office to ensure adherence to policies and processes laid down for Operations. The job responsibilities are as under:

Core Compliance

• Ensuring that the Business and Operations at the Bank’s Singapore Branch is in Compliance with Host Country and Home Country, to the extent applicable, Regulatory Guidelines and Regulations.
• To be the nodal point of contact between the Bank Branch and Monetary Authority of Singapore (MAS) / RBI / Other Regulatory Bodies and to liaise with them on all regulatory matters.
• Dissemination of Compliance Requirements / Monitoring Compliance with the Regulatory guidelines / Instructions
• Incorporate a robust mechanism to ensure that regulatory guidelines/instructions are promptly issued/ disseminated within the organization
• Putting in place and review of Policies / circulars / instructions issued for compliance with the regulatory guidelines before these are disseminated amongst the operational units
• Formulation of Annual Compliance Testing Plan to validate compliance with important regulatory guidelines
• Serve as a reference point for the bank’s staff from operational departments for seeking clarifications/ interpretations of various regulatory and statutory guidelines
• Review new products, procedures, system implementation which will result in all the activities of the bank being compliant with all the regulatory and statutory requirements as also the internal procedures, processes and policies laid down by the Bank.
• Reporting to the Head Office Compliance Function and the Chief Compliance Officer of the Bank on Compliance Programme of the Branch on an ongoing basis

KYC/AML

• Establishing and maintaining the bank’s AML/CFT policies and procedures
• Efficiently managing the transaction monitoring programme of the branch
• Acting as single point of contact for handling internal suspicious transaction reports from the Bank’s staff and as the main contact for the Financial Intelligence Unit, the Head Office AML / Compliance Function and other concerned bodies regarding AML/CFT
• Taking reasonable steps to establish and maintain adequate arrangements for staff awareness and training on AML/CFT matters (whether internal or external)
• Reporting to the Head Office Compliance Function and the Chief Compliance Officer of the Bank on Transaction Monitoring Programme and AML/CFT measures of the Branch on an ongoing basis

Qualification

Post-Graduation in Accounts/ Finance Stream

Experience required

• Minimum Banking experience in years – 12 -15 yrs
• Minimum experience of 5 - 8 years in Compliance or Audit Function

Major Stakeholders (intra team and cross functional stakeholders, who would need to be interacted with for discharging duties)

• Regulators
• Senior Management
• Relevant functions across the Bank for the assigned areas of Compliance
• Internal and / or External Auditors

Kindly be informed that only shortlisted candidates will be contacted.

Khandalkar Deepti Sunil

Direct line: 66318505 (Ext.309)

EA licence no.: 19C9769

Email: [email protected]

Personal Registration number: R1545009