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Role Purpose

The AVP Investigative Reporting is a key strategic risk management role that has a broad remit, accountability and responsibility for supporting the Head IR in implementing policy for the anti-money laundering (“AML”) and counter-terrorist financing (“CTF”) (collectively referred to herein as “AML”) Investigations, risk management framework to meet AML requirements and legislation in India. This includes providing investigations and management of AML Investigations including impact analysis of regulatory changes, and driving coordination and execution of the various FCI– Investigations work streams and assurance, while ensuring alignment with the framework laid down by the Group.

The role requires strong partnership with the lines of business (LOB), Global Functions (GFs) and FCC teams, acting in concert with them to drive the implementation of FCI framework. It will monitor and track the progress of various work streams and initiatives underway which fall under the umbrella of Investigations Work-stream under Financial Crime Risk, provide policy advice related to all business line products, services and clients, and ensure that the FCI function is resourced adequately to address the risks associated with all business lines in India. 

The role will also need to stay at the forefront of key changes to ensure proactive communication with the business and develop appropriate policy and framework to manage the changes, particularly extra territorial changes.

The role is a forward looking role and requires strong partnership with business to drive and accelerate the AML programme and assist in the execution of the Investigative Reporting function under FCI That directly impact business performance. 

Principal Responsibilities

• Work with relevant contacts in Global Businesses and Global Functions to ensure consistent and effective application, and implementation, and controls to evidence related with Investigative Reporting standards, policies and procedures.
• Complete all investigations assigned and ensure that the post investigation activities are completed, within the stated guidelines.
• Accountable to the VP-IR for driving the effective risk mitigation through transaction monitoring and investigation function by meeting the quality and efficiency objectives
• Stay at the forefront of key regulatory changes to ensure proactive communication with business and implement appropriate group policy and framework to manage the changes.
• Provide advice to business across India on risk associated with prospective business, products and service and design mitigation controls and strategies as appropriate

·     Minimum University or Post Graduate with 5 year of experience in the financial industry

·       Seasoned professional with experience in one or more senior risk compliance roles, to include significant AML experience.

·       At least 5 years of banking experience, preferably with at least 2 years of experience in the areas of Financial Crime.

·       Extensive knowledge of AML regulations and guidance.

·       Significant experience in the financial services industry.

·       Lateral thinker with an ability to interpret and solve complex issues.

·       Excellent communicator with strong inter-personal and influencing skills.

·       Ability to lead change, contributing to joining up with the other teams in Risk and Business at Country level

·       Knowledge on the application like SAS, Macro, along with the excellent excel skill etc. will be beneficial.  

• India Bank / INM employees will be eligible to apply to this role after completion of 12 months in the current role/position at the time of application on level transfer and/or promotion.
• Entity Employees (not from India Bank) to be guided by their internal policy on tenure completion in current role at the time of application before applying and share line manager approval once shortlisted.

• Mandatory to successfully complete Anti-Money Laundering and Sanctions training and post-course assessment, as required.