Analyst-Compliance

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Function Description:

Analyst Compliance will report directly into the Manager/ Director, Compliance for American Express Banking Corp. and will work with Regulators, External Advisors, Compliance teams in India and internationally as well as business teams across the Bank and its affiliates.

Responsibilities:

Relationship Management with RBI and the industry

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

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

Regulatory Change Management

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

Regulatory Risk Assessment

Leveraging external information to identify key regulatory risks for AEBC India based on the status of its internal control environment & Governance

Provide compliance perspective on AEBCs policies and procedures

Contribute to Compliance Assessment of quarterly and annual Control & Compliance Rating of AEBC

Purpose of the role:

Develop and maintain an effective compliance program consistent with local market's 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

Critical Factors to Success :

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 market's blue box business activities to assess adherence to compliance standards and report deficiencies (gaps reporting) to management for corrective actions

Maintain central repository of all legal entity line of business compliance manuals, policies, local legal inventory, and central list of all governing status, regulation, policies and other material related to respective compliance

Performing other duties as assigned

Academic Background:

Post Graduate degree from a recognized university (MBA)

CAIIB/CA/CS/LLB/LLM/Doctorate or any combination of relevant education and experience and/or related professional designations/certifications in this field are highly desirable

CISA / CIA Certification

Past Experience:

8+ years of work experience as a subject matter expert in Regulatory Compliance within large banks or payment operators

Understanding on Network and Credit Card Regulations from RBI

Knowledge on Cyber Security related Regulations from RBI

Experience in working with regulatory bodies will be an added advantage

Benefits include:

• Competitive base salaries
• Bonus incentives
• Support for financial-well-being and retirement
• Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location)
• Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
• Generous paid parental leave policies (depending on your location)
• Free access to global on-site wellness centers staffed with nurses and doctors (depending on location)
• Free and confidential counseling support through our Healthy Minds program
• Career development and training opportunities

Offer of employment with American Express is conditioned upon the successful completion of a background verification check, subject to applicable laws and regulations.