Benchire Hiring for Manager Us Compliance Bfs (8 14 Yrs) at Bangalore, Karnataka, India Full Time

Job Description

Responsibilities:

– Setting up and implementation of the Compliance Monitoring Program (CMP). The CMP shall include procedures to identify significant issues (isolated or systemic) and set up a reporting mechanism for such findings to all stakeholders and assist in the development of a timeline for remediation.

– Create and implement a quarterly compliance monitoring schedule to conduct compliance monitoring reviews of key regulations as per the CMP.

– Review of all internal policies, customer facing agreements and communication to ensure
compliance with applicable laws and regulations including Bank Secrecy Regulations, Fair Credit Acts and Anti-Money Laundering Laws

– Setup a process for disseminating regulations to business and support functions and provide ongoing advisory services to ensure that operates in accordance with all regulatory and legal requirements.

– Setup a process of internal audit to ensure all business functions are in compliance to both external laws and internal mandates set by partner banks

– Automate compliance reporting to partner banks across all programs and products.

– Build a team, set and monitor job descriptions and objectives for all compliance team members and provide feedback in line with their performance against those responsibilities and objectives. Set training plans for the compliance team.

– Mandatory: US Banking experience & 8-12 Yrs Banking Experience, SME in US financial regulatory compliance.