Vice President Non Resident Indian Process Job in Hsbc

About HSBC

If you're seeking a career that opens new doors and offers exciting opportunities, HSBC is the place for you. Whether you aspire to reach the top or explore new career directions, HSBC provides the opportunities, support, and rewards that can propel your career further. We are currently looking for an experienced professional to join the HSBC International Team.

Position: FEMA Compliance Specialist

Principal Responsibilities

As a FEMA Compliance Specialist with HSBC, you will be integral in assisting Relationship Managers (RMs) and clients with FEMA (Foreign Exchange Management Act) queries and ensuring compliance with regulations and operational controls. Your role will focus on supporting clients with regulatory queries, guiding them through documentation processes, and ensuring timely resolution of queries.

Key Responsibilities:

• FEMA Query Management:
  Assist Relationship Managers (RMs) in addressing FEMA queries raised by clients and ensure that issues are resolved according to established procedures and quality standards.

• Client and RM Training:
  Conduct regular sessions and workshops for the RM team and clients on the latest developments in the FEMA landscape, ensuring all parties are updated on regulations and compliance requirements.

• Compliance Assurance:
  Ensure compliance with all Internal Procedures, Operational Controls, and Regulatory Requirements pertaining to FEMA and money laundering prevention.

• Document Review and Guidance:
  Guide clients on regulatory guidelines before submitting payment requests, reviewing drafts and annexures for accuracy and completeness prior to submission to the bank.

• Regulatory Document Assistance:
  Assist clients in filling out regulatory forms and ensure documents meet all necessary criteria before submission.

• Training and Education:
  Organize internal and client-facing training events on FEMA, ensuring all stakeholders have the knowledge and tools to comply with regulatory expectations.

• Client Communication:
  Maintain effective communication with clients, guiding them on changes in FEMA regulations and managing client inquiries effectively.

• Risk and Compliance:
  Collaboratively identify, escalate, mitigate, and resolve risk, compliance, and cross-border matters, ensuring all activities are compliant with both internal and regulatory standards.

• Standardization:
  Create and maintain checklists, templates, and ready reckoners for client guidance on document submission for capital account and current account transactions.

Requirements:

• FEMA Certification:
  A certification in FEMA is required to demonstrate expertise in FEMA regulations and compliance.

• Educational Qualification:
  Minimum Graduation or as required for the role. Additional certifications in Compliance, Banking Regulations, or related fields are a plus.

• Experience:
  Prior experience working in FEMA-related roles or compliance in the banking/finance sector is preferred.

• Strong Communication Skills:
  Ability to engage and guide clients and internal teams effectively, both in written and verbal communication.

• Regulatory Knowledge:
  Deep understanding of FEMA regulations, KYC norms, and Anti-Money Laundering (AML) practices.

• Attention to Detail:
  Strong ability to review documents and ensure they meet the regulatory and procedural standards.

Our Commitment to Diversity & Inclusion

HSBC is committed to fostering an inclusive work environment. We embrace diversity and provide equal opportunities to all qualified individuals, regardless of gender, race, ethnicity, age, disability, religion, sexual orientation, gender identity, or any other protected characteristic.

Why Join HSBC?

At HSBC, we offer a culture that promotes learning and career growth, competitive rewards, and comprehensive benefits, including:

• Competitive salary and performance-based bonuses
• Health insurance and well-being programs
• Opportunities for career development within HSBC s global network
• A diverse and supportive work environment