Details of the Organization

Mashreq will never ask for your bank related information via phone call, SMS or email. They will also never contact you from a mobile number to resolve your query.

Details of the Job/Internship

Mashreq is hiring for the position of Assistant Vice President Compliance with 15-18 years of experience to join their office in Mumbai.

Role and Responsibilities

• Regulatory Compliance & Governance
• Ensure adherence to all RBI regulations and internal Group policies.
• Independently manage data/information requests from RBI, ensuring timely and accurate submissions.
• Lead and coordinate responses during regulatory inspections (on-site and off-site) and manage interactions with regulators.
• Keep the Country Management and Head Office informed of any significant compliance issues or risks.
• Compliance Risk Management
• Conduct the annual Compliance Risk Assessment (CRA) across business domains to evaluate residual compliance risks.
• Coordinate and conduct the Financial Crime Risk Assessment (FCRA) in line with Group Policy.
• Maintain country-specific addendums to Group policies and ensure alignment with local regulations.
• Manage and oversee remediation plans for identified compliance risks.
• AML / Sanctions Oversight
• Supervise AML transaction monitoring and reporting to FIU-IND.
• Perform reviews and enhanced due diligence on suspicious transactions.
• Review alerts related to customer and transaction sanctions screening; ensure timely escalation and appropriate action on hits.
• Periodically review AML threshold settings and system mapping to ensure relevancy and regulatory alignment.
• Monitoring & Reporting
• Conduct Compliance Monitoring Reviews (CMRs) quarterly, issue findings to stakeholders, and ensure remediation.
• Provide timely and accurate compliance reports to the Head Office (IBG Compliance) and other internal stakeholders.
• Ensure accurate and timely submission of all compliance-related regulatory returns to RBI.
• Liaise with Internal Audit and other assurance functions to align on compliance assurance reviews.
• Training & Stakeholder Engagement
• Deliver ongoing compliance, AML, KYC, and sanctions training for business and operational teams.
• Build a compliance-conscious environment by advising and collaborating with business functions on regulatory expectations and implementation.
• Lead or support automation and digital transformation projects within the compliance function.

Eligibility

• 15–18 years of experience in banking compliance, preferably with a strong focus on AML/Sanctions and regulatory compliance in foreign bank branches in India.
• Graduate or postgraduate degree in Law, Economics, Business, or Commerce.
• In-depth knowledge of RBI regulations, AML guidelines, and banking compliance frameworks.
• Proven experience in managing regulatory inspections, policy development, and transaction monitoring.
• Strong analytical, strategic thinking, and communication skills.
• Ability to manage cross-functional collaboration and lead compliance-related automation initiatives.

Salary/Stipend

Compensation details will be finalized during the interview process with the selected candidate.

Type of Opportunity

Fulltime

Country

India

Address

Mumbai, Maharashtra, India.

Application and Registration Details

After you submit your application, you will receive the next steps in the process via email. Please follow the instructions provided to complete your application.

Incase you find any issue with the application process, please contact: [email protected] 

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