Management Trainee-Compliance(CS completed)

Regulatory Compliance

• Ensure company operations comply with all applicable RBI regulations, including capital adequacy, asset classification, provisioning, liquidity management, and Fair Practices Code.
• Stay updated on changes in regulatory requirements and disseminate relevant information.
• Assist in the implementation and maintenance of compliance policies and procedures.
• Monitor and report on compliance risks.

PMLA/KYC Compliance

• Ensure adherence to KYC/AML guidelines, including customer due diligence, transaction monitoring, and reporting of suspicious transactions.
• Ensure the Compliance Management Tool is updated regularly.
• Publish dashboards in a timely manner to leadership.
• Build and update trackers and reports for compliance function activities.

Internal Audits and Monitoring

• Conduct regular internal audits and compliance reviews to assess the effectiveness of compliance controls.
• Identify and report compliance gaps and recommend corrective actions.
• Monitor the implementation and effectiveness of corrective actions.
• Assist in the preparation of compliance-related reports to the RBI and internal management.

Automation, Training and Awareness

• Automate systems and processes through a compliance tool.
• Develop and deliver compliance training programs.

Regulatory Liaison

• Assist in liaising with regulatory authorities, including the RBI, NHB, and FIU-IND.
• Prepare responses to regulatory inquiries and requests for information.
• Facilitate regulatory inspections and audits.
• Maintain records of regulatory communications.

Risk Management

• Assist in the development and implementation of a risk management framework.
• Identify and assess compliance risks and recommend mitigation strategies.
• Contribute to the organization's overall risk assessment process.
• Handle consumer complaints related to compliance.