Regulatory & Client Classifications, Associate
HybridBengaluru, Karnataka, India
Job Summary
Monitor APAC, EMEA, and US regulations including CFTC, SEC, MiFID II, and Dodd-Frank to ensure accurate client classification and onboarding implementation. Review and QA Run-the-Bank cases, manage daily control reports, and collaborate with Compliance, Legal, and Client Lifecycle Management teams to resolve exceptions and remediate regulatory risks. Act as the primary point of contact for internal stakeholders regarding client classification rules, providing guidance on regulatory nuances and updating Key Operating Procedures. Train Client Onboarding team members on new regulatory changes and escalate identified risks to management. Work in the Bangalore office under a hybrid model with a focus on analytical problem-solving in grey areas.
Required Qualifications
- Over 8 years of direct experience in regulatory compliance, client classification, KYC/onboarding, or a related function within an investment bank, financial institution, or a large corporate environment with exposure to financial regulations
- Understanding of key financial regulations such as MiFID II, EMIR, Dodd-Frank, etc., with specific knowledge of client classification
- Knowledge/exposure of US regulations like CFTC, SEC / Volker/ FINRA within an operational or control department within a banking environment, or within a similar operational regulatory function
- Experience working with Compliance, Legal, Client Onboarding, KYC, and Operations teams
- Proven ability to manage regulatory exceptions, escalations, and control processes
- Strong analytical, risk management, and problem-solving skills
- Excellent stakeholder management, communication, and training capabilities
- Ability to work in a fast-paced, highly regulated environment while maintaining strong attention to detail
- Knowledge and/or experience in a financial institution
- Understanding of the workings of an investment bank and the lifecycle of a trade is a plus
- Motivated and self-starter is a must
- Ability to think not only in black and white but also be able to think analytically in grey areas by utilizing resources at hand (i.e., Key Operating Procedures, reading through regulations etc.)
- Knowledge of MS suite of products, including the ability to use basic Excel functions such as pivot tables, VLOOKUPs, etc.
- Competent business user of MS products and Outlook
- Internet liberate to enable online searches
- Must know MS Excel
- Knowledge of Markit ISDA Amend is a plus
- Knowledge of Reference Data Systems and Regulations along with product and end-to-end system knowledge is a plus
- It is the Bank's expectation that employees hired into this role will work in the Bangalore office in accordance with the Bank's hybrid working model
Desired Qualifications
- Understanding of the workings of an investment bank and the lifecycle of a trade is a plus
- Knowledge of Markit ISDA Amend is a plus
- Knowledge of Reference Data Systems and Regulations along with product and end-to-end system knowledge is a plus
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