Lawsikho

Deadline Open Deadline

Location Gurgaon, Haryana, India.

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

Details of the Organization

At American Express, they know that with the right backing, people and businesses have the power to progress in incredible ways. Whether they’re supporting their customers’ financial confidence to move ahead, taking commerce to new heights, or encouraging people to explore the world, their colleagues are constantly striving to uphold their powerful backing promise to their customers and each other every day.

Details of the Job/Internship

American Express is hiring a Compliance Analyst with 8+ years of experience to join them in Gurugram office.

Role and Responsibilities

Build strong relationships with various RBI departments (DOS, DPSS, DOR, CSITE and others) to understand RBI expectations of AEBC India and provide guidance to internal stakeholders.
Participate in and representing the views of AEBC India in regulatory and industry forums, councils and associations.
Leverage industry knowledge to provide guidance to AEBC India regarding its proposals, communications to be sent to the regulators.
Coordinate RBI audits / exams to ensure the exam is well managed and any regulatory findings are closed to the RBI’s satisfaction.
Analyze impacts of proposed regulation to AEBC based on knowledge of RBI’s regulatory expectations. Provide input to AEBC’s responses in the form of proposals or position papers.
Provide guidance to internal stakeholders on interpretation of regulations and guidelines issued by various regulators.
Provide guidance and support to business team in development of controls for new product/service projects.
Participating in governance and risk committee meetings to inform them of the Compliance Risks facing AEBC.
Provide compliance perspective on AEBCs policies and procedures.
Contribute to Compliance Assessment of quarterly and annual Control & Compliance Rating of AEBC.
Develop and maintain an effective compliance program consistent with local market's requirements.
Ensure that business activities are aligned to American Express Company compliance program and local regulations in local market.
Promote and disseminate compliance information, encourage behaviors that integrate compliance values into business practices and continually reinforce personal responsibility for compliance to all staff.
Implement policies and procedures to achieve compliance at levels consistent with company standards.
Develop and revise local business procedures in line with relevant company policies and local requirements.
Develop compliance training program for the market and ensure training program is executed.
Develop relevant compliance training materials and assist management in promoting staff awareness of compliance requirements, in partnership with the designated compliance champions and training department as appropriate and ensure available resources to support execution.
Review and monitor (leveraging on subject matter experts and/or other professional, as appropriate) local market's blue box business activities to assess adherence to compliance standards and report deficiencies (gaps reporting) to management for corrective actions.
Maintain central repository of all legal entity line of business compliance manuals, policies, local legal inventory, and central list of all governing status, regulation, policies and other material related to respective compliance program.
Performing other duties as assigned.

Eligibility

Post Graduate degree from a recognized university.
CAIIB/CA/CS/LLB/LLM/Doctorate or any combination of relevant education and experience and/or related professional designations/certifications in this field are highly desirable.
8+ years’ work experience as a subject matter expert in Regulatory Compliance within large banks or payment operators.
Experience in working with regulatory bodies will be an added advantage Essential Skills.
Strong knowledge of Banking Regulations Act, Credit cards, Prevention of Money. Laundering Act and other laws applicable to Commercial Banks and Payment Operators.
Ability to work in a self -directed and remote environment.
Demonstrated ability to draft clear and professional correspondence and other documents of a legal, compliance and business nature.