Director - Compliance

Function Description:
The Director, Anti Money Laundering, Sanctions, and Anti-Corruption (ASA) Compliance will report directly into the Chief Compliance Officer for American Express Banking Corp. and will work with Compliance teams in India, Global Financial Crimes and Corruption Teams, business teams across the Bank and its affiliates, Regulators, and External Advisors.

Purpose of the Role:

• Develop and maintain an effective ASA compliance program consistent with local market's requirements
• Ensure that business activities are aligned to American Express Company ASA compliance program and local regulations in local market
• Promote and disseminate compliance information, encourage behaviours that integrate compliance values into business practices and continually reinforce personal responsibility for compliance to all staff
• Implement ASA policies and procedures to achieve compliance at levels consistent with company standards
• Develop and revise local business procedures in line with relevant company ASA policies and local requirements
• Develop ASA compliance training program for the market and ensure training program is executed

At American Express, our culture is built on a 175-year history of innovation, shared values and Leadership Behaviors, and an unwavering commitment to back our customers, communities, and colleagues. From delivering differentiated products to providing world-class customer service, we operate with a strong risk mindset, ensuring we continue to uphold our brand promise of trust, security, and service.

As part of Team Amex, you’ll experience our powerful backing with comprehensive support for your holistic well-being and many opportunities to learn new skills, develop as a leader, and grow your career. Here, your voice and ideas matter, your work makes an impact, and together, you will help us define the future of American Express.

• Ensure compliance with all applicable local and international ASA regulations and company directions including but not limited to Prevention of Money Laundering Act (PMLA), RBI Master Directions, FIU Notifications, Office of Foreign Asset Control (OFAC), Unlawful Activities Prevention Act, Anti Bribery and Anti-Corruption Laws, etc.
• Act as the AML Nodal Officer for the Bank and represent the bank in the meetings with the Financial Intelligence Unit – India, Ministry of Home Affairs and RBI on AML matters.
• Lead a team of highly skilled ASA professionals and ensure accurate and timely closure of ASA alerts and report suspicious activities to the appropriate regulatory authorities.
• Thought Leadership for uplift of AML transaction monitoring rules, and ideas for automation of ASA workflow.
• Develop training material and deliver ASA training to bank’s staff
• Build relationships with ASA Nodal officers of other banks in India, local and foreign, to help benchmark AEBC’s compliance status 
• Coordinate FIU and RBI-AML audits / exams to ensure the exam is well managed and any regulatory findings are closed to the regulator’s satisfaction
• Analyze impacts of proposed regulation to AEBC based on knowledge of regulatory expectations. Provide input to AEBC’s responses in the form of proposals or position papers.
• Provide guidance to internal stakeholders on interpretation of ASA regulations and guidelines issued by various regulators
• Provide guidance and support to business team in development of controls for ASA across lines of new product/service projects
• Leveraging external information (leveraging regulatory relationships, industry contacts, industry forums etc) to identify key regulatory risks for AEBC India based on the status of its internal control environment
• Participating in governance and risk committee meetings to inform them of the Compliance Risks facing AEBC
• Provide compliance perspective on AEBCs policies and procedures
• Contribute to Compliance Assessment of quarterly and annual Control & Compliance Rating of AEBC

Academic Background:
• Post Graduate degree from a recognized university (MBA/MA Economics/MBL)
• 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
• GM’s / CGM’s in Banks or Financial Institutions Experience Requirements
Past Experience:
• 15+ years’ work experience as a subject matter expert in Regulatory Compliance within large banks or payment operators
• Experience in working with regulatory bodies will be an added advantage Essential Skills
Technical/Function skills:
• Strong knowledge of Banking Regulations Act, Prevention of Money Laundering Act and other laws applicable to Commercial Banks and Payment Operators
• Strong knowledge of Bank Secrecy Act, USA Patriot Act, Office of Foreign Assets Control (preferred)
• Ability to operate multi-nationally with regulators, law enforcement, business partners and Agents
• Ability to work in a self-directed and remote environment
• Demonstrated ability to draft clear and professional correspondence and other documents of a legal, compliance and business nature
Behavioral skills:
• Excellent analysis and problem-solving skills
• Excellent customer service skills and the ability to resolve customer complaints
• Demonstrated ability to appropriately work with confidential information
• Ability to facilitate the collection of information through interviews, meetings etc.
• Ability to articulate and convey complex, conceptual information to various audiences verbally and in writing
• Proven ability to employ tact and to appropriately adjust communications when interacting with individuals at varying levels
Knowledge of Platform:
• Experience in communicating with regulators and law enforcement agencies
• Experience in public speaking and making clear and persuasive business presentations
• Excellent demonstrated organizational skills, including time management, record keeping, self-scheduling, and follow-up
• Must be a self-starter and be able to act independently
• Demonstrated ability to handle multiple priorities in a dynamic environment
• Demonstrated ability to prepare reports / updates for the senior management
• Strong people Leadership