FEMA Compliance Specialist

Job Description

Job Opportunity for FEMA Compliance Specialist Leading Private Bank !!!

Location: Mumbai

Industry: Banking
Experience: 7+ Years

Job Description

We are hiring for a FEMA Compliance Specialist for a Leading Private Bank based in Mumbai. The role involves ensuring adherence to FEMA regulations and RBI guidelines for Capital and Current Account transactions while supporting business teams with compliance consulting.

Key Responsibilities

• Provide consulting support to business groups to develop an efficient control framework ensuring compliance with relevant RBI regulations for FEMA Capital and Current Account transactions.
• Act as a backup for FEMA Retail Products compliance.
• Assist stakeholders in implementing regulatory requirements and reviewing new or modified products, policies, and procedures.
• Provide compliance advisory to business teams on regulatory matters.
• Review regulatory correspondence and ensure timely follow-ups.
• Collaborate with compliance teams on key regulatory initiatives and projects.
• Conduct training sessions for business stakeholders when required.
• Support business and inspection teams during Annual RBS and thematic regulatory audits.

Compliance Testing & Monitoring

• Perform Compliance Business Reviews for RBI-related requirements including Forex Capital and Current Account transactions.
• Conduct RBS Tranche III testing.
• Perform root cause analysis for key issues and track closure of compliance gaps.

Candidate Profile

• Qualification: CA / CS / MBA
• Experience in banking compliance
• Strong knowledge of FEMA regulations and banking products
• Updated knowledge of latest RBI regulatory changes
• Strong written and verbal communication skills
• High attention to detail and ability to work under pressure
• Excellent interpersonal, analytical, and problem-solving skills
• Team player with ability to collaborate across stakeholders
• Proficiency in Microsoft Office tools

Interested candidates can share their CV at: esha@thepremierconsultants.com

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