compliance forex

**** Job Description -Compliance forex
Company: Manappuram Finance Limited
Location: Valapad
Experience: 10-15Years
Department: Compliance - Forex
Employment Type: Full-Time

Role Overview

The Senior Compliance Officer -Forex is responsible for ensuring that all foreign exchange related activities within the company adhere to regulatory standards, including RBI, FEMA, AML, and internal
compliance policies. The role involves monitoring, reviewing, and strengthening forex operational controls while supporting business units with regulatory guidance and risk mitigation.

Key Responsibilities

Regulatory Compliance & Governance

* Ensure full compliance with RBI and FEMA guidelines pertaining to forex transactions.
* Review and validate documentation related to outward remittances, inward remittances, forex sales, and forex purchase transactions.
* Monitor updates to regulatory circulars, notifications, and amendments, and ensure timely implementation.

Operational Oversight

*Conduct regular compliance checks at branches handling forex transactions.
*Verify KYC/AML/CFT compliance for forex customers and ensure adherence to PMLA requirements.
*Review transaction limits, purpose codes, and reporting accuracy to prevent regulatory breaches.

Risk Management

* Identify compliance risks in forex operations and implement corrective actions.
*Monitor suspicious transaction patterns and escalate STR/SAR cases to the designated officers.
* Ensure strong internal control measures for anti-money laundering (AML) and counter-terrorist financing (CFT).

Reporting & Documentation

* Manage timely reporting to regulatory bodies (RBI, FIU-IND, etc.) as required.
*Maintain accurate compliance records, audit reports, and documentation for inspections.
*Support internal and external audits related to forex operations.

Policy Implementation

*Assist in drafting, updating, and enforcing internal compliance policies related to foreign exchange services.

* Coordinate policy rollouts, compliance training, and awareness sessions for branch teams.

Training & Support

*Train branch staff on regulatory changes, operational guidelines, and anti-money-laundering measures.

* Provide compliance clarifications to business teams and assist with case-by-case regulatory interpretations.

Liaison & Coordination

Act as a point of contact between the company and regulatory authorities during inspections.

Coordinate with legal, internal audit, finance, and risk departments to ensure smooth compliance operations.

Skills & Competencies

*Strong knowledge of RBI, FEMA, AML/KYC, and forex regulatory frameworks
* Experience in forex compliance audits and risk assessments
* Excellent analytical and documentation skills
* Strong attention to detail and integrity
* Effective communication and training ability
* Ability to work with cross-functional teams

Qualifications

* Graduate/Postgraduate in Commerce, Finance, Economics, or related fields
*10-15 years of experience in Forex Compliance, Banking, or NBFC operations
* Experience with money-changing/forex licensing operations preferred