Job Description
Job Title: Regulatory Operations
Operator
Location: Bangalore
Note:
·
Top 3 mandatory skills: Communication – 1. Good communication skills 2.
Proficient in email writing 3. Ability to support rotational shifts
·
Preferred skills: Knowledge of swift formats and sanctions &
Embargoes
·
Open to consider fresher candidates (Yes/No): No, 6- 12 months
·
Experience range: 0 - 2 years, preferred 6 months+ experience
·
Project duration: 6 Months
·
Shift timings: Rotational (APAC, EMEA & US shifts)
·
Number of days work from office: 2 days in a week as of now
Role Description
Organization and its staff are
committed to compliance with all applicable laws and official regulations in
the respective jurisdictions. Restrictive measures under sanctions and
embargoes are usually implemented by means of statutory regulations. The
sanctions and embargoes program is aimed to ensure that DB Group and its staff
fully comply with all sanctions and embargoes regulations in force in the
respective jurisdiction. For this purpose, DB established a global organization
with dedicated rights and responsibilities. DB’s Sanctions & Embargoes
Program has been implemented globally and throughout all business divisions via
the Embargo Policy - DB Group and the Special Risk Country Policy DB Group.
The Service Operations (Operations)
Profession is responsible for the delivery, oversight and management of
functional teams undertaking operational and transaction-based processes,
working within agreed policies, procedures, Key Performance and Risk
Indicators. Operations objectives include designing and implementing a robust
control environment that allows and drives efficient and effective processing.
The environment should ensure we meet regulatory requirements and can verify
the completeness and accuracy of all transactions and operational processes.
The objectives include operational assurance on the integrity of the books
& records and deliver effective service to our clients. Operations develop
and maintain effective relationships across client and partner groups.
The RTB Reviewer are primarily
responsible for the appropriate review, confirmation and decision-taking on
stopped messages to confirm mismatches for release from the transaction
filtering process in line with applicable Sanction regulations and the Bank’s
policies and procedures.
Your key responsibilities
·
Support the RTB team lead in protecting DB from legal,
regulatory and reputational risk with regard to business involving sanctioned
entities and / or countries.
·
Ensure diligent review and confirmation of transactions that require
escalation to a Level 2 investigator and decide on these in full compliance
with the applicable Sanctions regulations and the bank’s policies and
procedures.
·
Execute internal control checks as defined in the KOP documentation and
Embargo control framework documents governed by AFC Sanction
& Embargo.
·
Support any applicable reporting obligations to the competent
authorities with respect to transaction handling.
·
Convert timely the update of the relevant embargo lists in respective
filtering systems – implement the data to central and decentralized tools in GT
and Operations.
·
Support CoC Regulatory Filtering team on the adoption of new clients.
Your Key Accountabilities
RTB focus
·
Primarily review stopped messages and take a decision on them (either
pass or investigate), based on limited set of rules provided and maintained by
AFC.
·
Record rationale for decision from pre-defined set of options.
·
Seek feedback from more senior investigators/reviewers, where their
decisions fail the four-eye control.
·
Provide support feedback loop and filter optimization by identifying
repeat mismatches to propose Good Guys.
·
Use user access privileges only for authorized purposes;
actively safeguard sensitive and confidential information.
CTB focus
·
Supports TSMO / AFC related change projects
·
Supports remediation actions owned by TSMO / AFC
Training & Development
·
Participate Trainings such as on HotScan, Sanctions policies, L1
procedures, specific payment types, including structure / form of messages.
Your skills and experience
·
Sanctions and Regulatory Filtering.
·
SWIFT Message Format and Fields.
·
SWIFT Payment Flow.
·
SEPA Message Structure and Payment Flow.
·
MS Office (MS Excel, Word and Outlook).
·
Proficient in e mail communication.
·
Good communication skills (Written & Verbal).
·
Ability to support rotational shifts.
·
Ready to support on weekends.