About This Role
Supporting the company's compliance program and ensuring business activities align with local market requirements and American Express Company compliance standards is the core of this role. It suits a candidate with experience in regulatory compliance within large banks or payment operators, capable of developing training programs and managing regulatory changes.
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 represent 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
- Participate in governance and risk committee meetings to inform them of the Compliance Risks facing AEBC
- Provide compliance perspective on AEBC's 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 markets 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 markets blue box business activities to assess adherence to compliance standards and report deficiencies (gaps reporting) to management for corrective actions
