Senior Compliance Manager-Regulatory Relationship

IDFC FIRST Bank; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

IDFC FIRST Bank is seeking a Senior Compliance Manager in Mumbai to ensure adherence to regulatory and ethical standards across the bank’s policies and operations. The role focuses on building strong relationships with regulators, monitoring developments, and leading audits and reporting processes.

The ideal candidate will have 8+ years in banking compliance, with RBI/SEBI/FEMA expertise, excellent communication, and the ability to work independently and in teams.

Qualifications

• Minimum 8+ years of experience in compliance, preferably within banking/financial services.
• Bachelor’s degree in accounting, finance, business administration, or related field; MBA preferred.
• Strong knowledge of RBI, SEBI, FEMA regulations; excellent communication and interpersonal skills.

Responsibilities

• Develop and maintain relationships with regulatory bodies and authorities.
• Monitor and analyze regulatory developments and advise the bank on potential impacts.
• Conduct regular compliance audits and reviews to ensure adherence to all relevant laws and regulations.
• Collaborate with various departments to ensure compliance with internal policies and procedures.
• Provide guidance and support to business units on compliance matters.
• Prepare and submit regulatory reports and filings in a timely manner.
• Stay up-to-date on industry best practices and regulatory requirements.
• Assist in the development and implementation of compliance training programs for employees.
• Conduct investigations and respond to regulatory inquiries and audits.
• Identify and mitigate potential compliance risks.

Skills

Regulatory knowledge

Communication skills

Teamwork

Attention to detail

MS Office

Regulatory certifications

Education

Bachelor's degree in accounting, finance, business administration, or related field

MBA

Tools

MS Office

Job description

Job Requirements

About the Role

The Senior Compliance Manager will be responsible for ensuring that the bank’s policies, procedures, and operations adhere to regulatory and ethical standards. As a leading financial institution, we are committed to maintaining the highest standards of compliance and regulatory relationships. The ideal candidate will have a strong background in compliance and regulatory affairs, with a keen eye for detail and a passion for ensuring the bank's adherence to all applicable laws and regulations.

Key Responsibilities

Primary Responsibilities

• Develop and maintain strong relationships with regulatory bodies and authorities.
• Monitor and analyze regulatory developments and advise the bank on potential impacts.
• Conduct regular compliance audits and reviews to ensure adherence to all relevant laws and regulations.
• Collaborate with various departments to ensure compliance with internal policies and procedures.
• Provide guidance and support to business units on compliance matters.
• Prepare and submit regulatory reports and filings in a timely manner.
• Stay up-to-date on industry best practices and regulatory requirements.

Secondary Responsibilities

• Assist in the development and implementation of compliance training programs for employees.
• Conduct investigations and respond to regulatory inquiries and audits.
• Identify and mitigate potential compliance risks.

What We Are Looking For

Education

• Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
• Post Graduation degree in MBA

Experience

• Minimum of8+ yearsof experience in compliance, preferably within the banking or financial services sector.

Skills and Attributes

• Strong knowledge of relevant laws and regulations, including but not limited to RBI guidelines, SEBI regulations, and FEMA regulations.
• Excellent communication and interpersonal skills.
• Ability to work independently and in a team environment.
• Attention to detail and strong analytical skills.
• Proficient in MS Office and other relevant software.
• Professional certifications in compliance or regulatory affairs are a plus.