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Role purpose:
Regulatory environment is dynamic, complex and encompasses wide range of banking operations. RBI has zero tolerance level and non compliance with regulations poses very high reputational risk to the bank.The role holder is expected to provide strategic direction on key capital transactions which require an in-depth knowledge of FEMA guidelines. Since DBS is the first line of defense on regulatory compliance, the position is also expected to bring regulatory monitoring and controls for all products and services under one specialized unit. The above role is envisaged to meet both targets i.e. enhance statutory compliance and support business growth.
Principal Responsibilities
The job incumbent is required to have thorough domain skill on various regulations,needs to have skill set to engage with Senior Officials like CEOs, CFOs, Company Secretaries, Treasurers from GBM and CMB corporate clients. The incumbent is required to guide corporates on complex foreign exchange transactions and enable GBM/CMB Businesses to win new business for the Bank. Also on the Operations side the incumbent need to have good analytical skills to analyze operational processes from regulatory perspective and to suggest/recommend appropriate controls to ring fence regulatory risk for the bank.The incumbent also needs to have well developed communication skill which is critical while dealing with Senior RBI Officials and Senior Finance Executives.
The job holder will be required to be well versed with regulatory changes introduced by the regulator.
The incumbent is directly responsible from DBS to join up with GB and CMB business RMs in generating new business for the Bank.Incumbent’s regulatory guidance to clients is key to the success of winning business in stiff competition from peer Banks.
The incumbent is required to meet CFOs, Treasury Heads, Company Secretaries of Global clients as well as commercial Banking clients.Further the role holder is required to directly meet senior RBI Officials with respect to foreign exchange business.
The incumbent of this role has dual responsibility, Firstly to provide regulatory affairs support to GBM and CMB businesses to enable them to capture greater share of the Merger-Acquisitions / Investment / External Commercial Borrowing market. Secondly the incumbent also is required to ensure that processes followed by Payment Operations are adequate to meet FEMA compliance and to guide operations team on complex transactions.
Therefore, this job role is unique from INM perceptive and is highly specialized and one which is highly valued by both GBM and CMB businesses as well as by Regulatory Compliances. Business need to have a highly specialized resource, who can provide advisory direction on capital deals, as well as safeguard the bank’s interest from a regulatory adherence perspective.
The complex and demanding environment has resulted in a need to create a Centre of Excellence within DBS which can control regulatory compliance and also provide advisory support to Customer Groups to retain and grow bank’s business.