Job Description

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About
GIFT City IFSC Banking Unit is an offshore branch of the Bank, located in GIFT IFSC, Gandhinagar and offers FCY products and services to Non Resident Corporates and Individuals. Product offerings to Resident Corporates and Individuals are as per FEMA guidelines. The IBU is regulated by IFSC Authority, the unified regulator for GIFT City IFSC.

About the Role
The role of CARO at GIFT City IBU is a \xe2\x80\x9cDesignated Position\xe2\x80\x9d and to be held by an \xe2\x80\x9cApproved Individual\xe2\x80\x9d at all times, as per IFSCA regulations. As CARO of the IBU, you need to perform your duties objectively and independently of operational and business functions. You shall have ultimate responsibility for all compliance and risk matters pertaining to IBU\xe2\x80\x99s activities.

Key Responsibilities

• Implementing Regulatory \xe2\x80\x93 IFSCA/RBI/FEMA guidelines and Internal policies
• Risk Based Supervision \xe2\x80\x93 Coordinating off site and Onsite Review by IFSCA and other auditors
• Formulation and Periodic review of Policies / Mandated reviews & PMC / CMC Notes, Internal Circulars
• Establishing Compliance Monitoring Plan and review of the same
• Assisting Walk through and Control testing, Outsourcing review every half year
• Operational Risk Identification and Assessment; submission of Key Risk Indicator values and review

Qualifications

• Any Masters Degree with overall experience of 10+ years out of which a minimum experience of 4 years in Compliance/ Risk, preferably related to International business
• Relevant Compliance and Risk related certifications such as GRC etc. This would help in passing Fit & Proper evaluation by IFSCA, which is a mandatory assessment for \xe2\x80\x9cApproved Individuals\xe2\x80\x9d

Role Proficiencies:

• Positive and collaborative attitude with good communication skills
• Thorough with RBI & FEMA regulations & internal compliance and risk policies, preferably international business
• Ability to understand evolving regulatory landscape and formulate / review policies
• Proactive in learning & self development.

About Axis
Incorporated in 1994, Axis Bank is one of India\xe2\x80\x99s most trusted banks & the third largest in the private sector. At Axis Bank, customer centricity has always been the foundation of our business. Our efforts to address the requirements of a diverse customer cross-section are powered by robust infrastructure, advanced technology, a comprehensive monitoring & control framework & a large talent pool.
The Bank has a young & engaged workforce of over 70,000 employees, with an average age of 30 years. We are an equal opportunity employer & believe in empowering our employees by offering rich roles, learning opportunities & flexibility to chart their career, their way.

About Company:

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses

Axis Bank