Description
We are seeking an Associate Vice President for Regulatory & Client Classifications in Bangalore, India.
The Regulatory Client Classification team within Regulatory & Cross Product Ops (RCP) is responsible for ensuring accurate implementation of regulatory requirements related to client classification and onboarding processes.
As part of the team, you will be responsible for understanding and monitoring various APAC/EMEA/US regulations as well as tactical and strategic analysis and remediation of regulatory accounts impacting clients eligible for specific regulations.
Key Responsibilities:
- Develop and maintain comprehensive knowledge of key US regulatory frameworks, including CFTC Dodd-Frank, SEC Swap-Based Securities Dodd-Frank, Volcker Rule, Regulation W, FINRA 2111, FINRA 4210, Regulation D/QIBs, Foreign Bank Certificates, 15a6, and Regulation O.
- Build strong understanding of EMEA regulatory requirements such as EMIR, MiFID, and GBSA, and ensure consistent adherence across client classification activities.
- Partner closely with Compliance and Legal teams to manage exception cases and escalations, ensuring timely resolution through to completion.
- Conduct quality assurance reviews of Run-the-Bank (RTB) activities to validate correct implementation of regulatory requirements and identify potential gaps.
- Manage daily control reporting processes, including coordination with offshore teams to investigate exceptions, perform root cause analysis, define remediation actions, and track resolution with relevant stakeholders.
- Serve as a key point of contact for internal stakeholders, including Front Office, KYC, and Operations teams, providing support on client classification queries and regulatory requirements.
Benefits:
- Best-in-class leave policy
- Gender-neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender-neutral)
- Sponsorship for industry-relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
Requirements:
- 10-12 years of relevant experience in regulatory compliance, client classification, KYC/onboarding, or similar functions within an investment bank, financial institution, or large corporate environment.
- Strong understanding of key regulatory frameworks, including MiFID II, EMIR, Dodd-Frank, SEC regulations.
- Demonstrated experience or exposure to EMEA and US regulatory requirements within an operational, control, or regulatory function in a banking environment or equivalent setting.
- Knowledge of Client Onboarding processes and regulatory requirements is considered an advantage.
Skills:
- MS suite of products, including basic Excel functions such as pivot tables, VLOOKUPs.
- Competent business user of MS products and Outlook.
- Knowledge of Reference Data Systems and Regulations along with product and end-to-end system knowledge is a plus.