Manager, FEMA Advisor, Cash Cross Border
Standard Chartered
- Mumbai, Maharashtra
- Permanent
- Full-time
- Addressing pre-transaction or non-transaction related FEMA related queries from clients and intermediaries
- Guiding clients on regulatory guidelines prior to submission of any actual payment request
- RBI queries pertaining to special approval / adhoc cases - Guide clients on what needs to be incorporated in the customer letter, review drafts and annexures prior to submission to bank
- Enabling and attending RBI meetings and representations for clients to obtain regulatory view prior to submission of the application to the Bank for approval
- Organise client and internal training events on FEMA
- Assisting client in filling out regulatory forms
- Vetting and providing guidance on draft / physical documents prior to submission of any actual payment request
- Maintaining effective relationships with regulators
- Managing client communications for guidance on change in regulations
- Creation of standard checklists/ templates/ ready reckoner for guidance on document submission for capital account and current account transactions
- Become the AD bank of choice for ETB and NTB clients
- CCIB
- Cross Border Payments
- Compliance to applicable rule and regulations around cross border payments
- Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
- Display exemplary conduct and live by the Group’s Values and Code of Conduct.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
- Lead the India cross border payments team to achieve the outcomes set out in the Bank’s Conduct Principles. Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Corp, Inst & Commercial. Ops. Team
- SME India Team
- Financial Markets India Team
- Cash Sales/ Products / OCC teams
- Human Resources
- Compliance
- Legal
- Relationship Managers and Client Coverage Managers
- Global Business Services Team
- Country Technology Team
- Clients
- Vendors & Suppliers of Services to the Cash Management Services
- Managers in RBI, FEDAI & other regulatory institutions
- Statutory/ External auditors
- 5-6yrs experience in handling capital account transaction including FEDAI certification
- Should have experience in FEMA operations
- Experience in Cash / Trade ops
- Experience in vetting of FEMA documents
- Thorough understanding of regulatory guidelines
- Knowledge of Payments documentation and terms
- Excellent written, oral, and client-facing communication skills
- Interpersonal and public speaking skills
- Aptitude in decision-making and problem-solving
- Regulatory Environment - Financial Services
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
- Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.