Welcome to Syndicate Bank

Careers

Syndicate Bank is a leading nationalized bank of India having its overseas branch at London, which is functional since 1976. The branch is authorized and regulated by PRA/FCA in UK.

The following career opportunity is available in the branch:

Syndicate Bank, London Branch Syndicate Bank is a leading nationalized bank of India having its overseas branch at London, The following career opportunity is available in the branch:

DEPUTY MLRO

 To assist the MLRO to support the enhancement of risk culture, controls and identification, reporting and remediation of risk in respect of KYC and Financial Crime.

The last date for the receipt of duly signed CV along with the application form is 24.07.219

Job Role : DEPUTY MLRO

Based at: London

General Overview of the Job:

Key Responsibilities include but are not limited to assisting the MLRO in the following:

  • To assist the MLRO in the establishment and maintenance of effective anti-money laundering systems and controls;
  • To identify, assess, monitor and manage money laundering risk that is comprehensive and proportionate to the nature, scale and complexity of the Bank
  • To carry out a regular assessment of the adequacy of the Bank’s systems and controls to ensure that they continue to comply with the Bank’s anti-money laundering responsibilities
  • Overseeing the Bank’s compliance with the FCA’s rules on anti-money laundering systems and controls, including anti-bribery and corruption, sanctions screening and fraud;
  • Monitoring the effectiveness of systems and controls such as sanctions, financial crime and suspect terrorists monitoring; staff training and awareness; suspicious transactions reporting.
  • Liaising with the FCA, NCA and other external agencies.
  • To assist MLRO in performing FCA Senior Management Function for the prevention of money laundering and terrorist financing
  • To assist the MLRO to act as the nominated officer for the purpose of receiving and making suspicious activity reports;

Deputy MLRO also will also undertake any other work entrusted by Management that does not conflict with duties of Deputy MLRO.

Deputy MLRO also will undertake the MLRO function in the absence of the MLRO. The above description is only illustrative and not exhaustive.

Eligibility criteria:

  1. Minimum 2 years relevant experience in AML in UK Bank or in a similar role.
  2. Knowledge and experience in Compliance role is preferable
  3. Degree in a technical or professional subject.
  4. A strong and comprehensive knowledge of the relevant law, rules and guidance of regulatory bodies
  5. In depth technical knowledge and practical experience of PRA/FCA requirements and standard
  6. Proven ability/experience in the specific area for which the person is being
  7. This position as Deputy MLRO conforms to the requirements of the PRA/FCA Senior Managers and Certification Regime. Knowledge and experience of the FCA Handbook with the ability to provide guidance and support on forthcoming developments and the Firm’ s regulatory obligation
  8. The candidate must be able to prove that they are eligible, or will be eligible on the proposed commencement date, to work in UK

Last date for submission of duly signed CV along with the application form: 24.07.219

– E-mail to hr@syndicatebank.co.uk

Syndicate Bank London Branch

Syndicate Bank is a leading nationalized bank of India having its overseas branch at London.

The following career opportunity is available in the branch:

MLRO (SMF17)

To support the enhancement of risk culture and be directly responsible for enhancement of controls and identification, reporting and remediation of risk in respect of KYC and Financial Crime

Job Description Summary

Job Role : MLRO SMF 17
Based at : London

The last date for the receipt of duly signed CV along with the application form is 24.07.219

General Overview of the Job:

Key Responsibilities include but are not limited to:

  • The MLRO has overall responsibility for the establishment and maintenance of effective anti-money laundering systems and controls.
  • To identify, assess, monitor and manage money laundering risk that is comprehensive and proportionate to the nature, scale and complexity of the Bank.
  • To carry out a regular assessment of the adequacy of the Bank’s systems and controls to ensure that they continue to comply with the Bank’s anti-money laundering responsibilities.
  • Overseeing the Bank’s compliance with the FCA’s rules on anti-money laundering systems and controls, including anti-bribery and corruption, sanctions screening and fraud.
  • Monitoring the effectiveness of systems and controls such as sanctions, financial crime and suspect terrorists monitoring; staff training and awareness; suspicious transactions reporting.
  • Liaising with the FCA, NCA and other external agencies.
  • Performing FCA Senior Management Function SMF17 for the prevention of money laundering and terrorist financing
  • Acting as the nominated officer for the purpose of receiving and making suspicious activity reports;

MLRO also will undertake any other work entrusted by Management that does not conflict with duties of MLRO. MLRO also will undertake the compliance function in the absence of the Compliance Officer. The above description is only illustrative and not exhaustive.

Eligibility criteria:

  1. Pre PRA/FCA Approved MLRO (SMF 17) or At least 5 years’ experience as a Deputy MLRO
  2. Degree in a technical or professional subject.
  3. A strong and comprehensive knowledge of the relevant law, rules and guidance of regulatory bodies.
  4. In depth technical knowledge and practical experience of PRA/FCA requirements and standard.
  5. Proven ability/experience in the specific area for which the person is being
  6. Knowledge and experience of the FCA Handbook with the ability to provide guidance and support on forthcoming developments and the Firm’s regulatory
  7. The candidate must be able to prove that they are eligible, or will be eligible on the proposed commencement date, to work in UK.

Last date for submission of duly signed CV along with the application form: 24.07.219

– E-mail to hr@syndicatebank.co.uk

Job Role : Risk Manager
Based at : London

The last date for the receipt of duly signed CV along with the application form is 26/10/2018
Overall Purpose of the role:

The objective of the Risk Department is to optimize the risk profile and manage all uncontrolled risks for the local organisation through:

  1. Providing an integrated overview across the risk grouping;
  2. Providing an integrated risk management framework across businesses;
  3. Ensuring a single point of contact towards (local) regulators for risk matters;
  4. Monitoring and regular reporting of risks in a clear and concise manner;
  5. Effecting checks to ensure adoption of policies, plans, rules and procedures to decrease the risk of unexpected losses or damage to the bank’s financial position and reputation.
General Overview of objectives of the Job:

The main duties, responsibilities and accountabilities include, but are not limited to:

Manage and/or assist the Head of Compliance and the MLRO with the following:

  • Set Standards and Best Practices
  • Assist with ensuring risk policies set in India as well as locally are applied and adhered to;
  • Assist with ensuring that systems and procedures are set up to implement and monitor the adherence to the risk policies of the bank and other related procedures and guidelines;
  • Ensure that systems and procedures are set up to, identify, measure, monitor and control credit, market and operational and AML risks incurred by the bank and reporting the same to the competent authorities at prescribed intervals.
  • Assist in evaluating risk management frameworks and the assessment and measurement of risk;
  • Assist with managing local risk processes to ensure an integrated approach, operational efficiency, effectiveness and the application of best practice; Monitor and assist with Management of the Risk Processes
  • Assist with ensuring the existence of independent risk management processes and discipline and consistency with risk standards, policy and appetite;
  • Assist with monitoring control processes for financial and non-financial risks i.e. operational risk, market risk, credit risk, liquidity risk, etc
  • Assist in Identifying risk control weaknesses, report them and require corrective actions as necessary.
  • Respond to or escalate recognised and potential risk issues to the senior management at local and Head Office Levels as soon as they are discovered. Monitor and Assist with Managing Risk Exposure
  • Prepare the monthly UK Risk Committee reporting pack, including the actual minute taking, filing and record keeping;
  • Administer and collate the Risk Control & Follow up Dashboard (RCFUD) on a monthly basis.
  • Assist with the full embedment of the Risk Management Framework in the UK Branch
  • Review and analyse Operational Risk Incidents reported to UK Risk and ensure they are captured within and reported to the UK Risk Committee.
  • Assist with monitoring operational risk regularly and the completion of the business-wide annual Risk & Control Self-Assessment process;
  • Assist in the preparation of a business-wide Strategic Risk Assessment (SRA) annually.
  • Assist in the preparation of a business-wide Risk Appetite Statement annually with quarterly reviews and updates, when necessary; Foster a Transparent, Risk Conscious Culture
  • Help to report periodically on the overall risk profile / update on key issues to central and local organisation.
  • Communicate with stakeholders to demonstrate compliance with requirements in relation to risk management.
  • Provide transparency and (internal) visibility of the risk competence.
  • Develop and maintain a network of internal and external relationships to create awareness for the optimisation of the use of risk surveillance.
  • Provide Management Information on the risk exposures including Interbank exposures, Interest Rate Risk, Liquidity, Value at Risk, Mismatch Gap etc. and update dealers with Value at Risk, Mismatch gap, Spot Position, Open currency position etc. on a daily basis.
  • Stress Test the liquidity mismatch position and value at risk using stress test scenarios as stipulated by ALCO Update dealers
  • Assist with internal risk management training offerings.
  • Actively participate in as a member in relevant committees;
  • Provide regular Management Information reports to our Parent Company and other ad hoc reports as required;
  • Ensure that own continuous training and development is maintained
  • Review and update Branch policies, procedures and processes.
  • Monitoring the risk limits of the Branch, ensuring that the same are within the prescribed tolerance level and reporting the same to the competent authorities at prescribed intervals
  • Ensure that all the guidelines laid down by Board approved Risk Management policies of the parent bank are adhered to.
Eligibility Criteria:
  1. Primary education requirement : Degree level education
  2. Desirable education requirement: Finance or business related Degree/Diploma
  3. At least 3+ years relevant experience in Risk management gained within a banking/ financial services environment.
  4. Proven ability/experience in the specific area for which the person is being recruited.
  5. Good knowledge of written and spoken English
  6. Demonstrable leadership skills
  7. Knowledge of computer operations and common office software like MS Office etc.
  8. Knowledge of UK regulatory norms. Knowledge of Reserve Bank of India norms.
  9. The candidate must be able to prove that ,is eligible or will be eligible on the proposed commencement date, to work in UK
 Job Application Form

***Last date for submission of duly signed CV along with the application form is 26/10/2018 – E-mail to hr@syndicatebank.co.uk

Job Role: Compliance Officer (SMF16)
Based at: London

Overall Purpose of the role:
To act as the Bank’s Compliance Officer (SMF16) and manage the Compliance & Internal control activities with the purpose of complying with the regulator and internal control requirements.

The role of the Bank’s Compliance Officer will be to identify, assess and monitor the compliance risks faced by the Bank, report to Senior Management and guide them.
Assessing the appropriateness of internal procedures and guidelines, promptly follow up any deficiencies in the policies and procedures and where necessary formulate proposals for amendments.
Educating staff with respect to compliance with the applicable laws, rules and standards and acting as a contact point within the Bank for compliance queries from staff members and liasioning with relevant external bodies including regulators and will be responsible for implementing the compliance manual, compliance monitoring program and testing.
To perform regular and comprehensive compliance reviews and internal control oversight.
Responsible to ensure that the branch complies with all laws and regulations including the Principles of Business of the FCA and relevant PRA / RBI regulations and Bank’s policy that may apply to the Bank’s operation and also to ensure that all the staff members are made aware of these principles, and comply with such standards
SYSC 4.8.9(5) Responsibility for the firm’s compliance with the UK regulatory system applicable to the branch.
SYSC 4.8.9(3) Responsibility for compliance with the requirements of the regulatory system about the management responsibilities map.
PRA 6.2(3) Responsibility for compliance with the firm’s obligations in relation to its management responsibilities map.
PRA 6.2(5) Responsibility for the branch’s compliance with the UK regulatory regime applicable to the branch.
General Overview of objectives of the Job:
The main duties, responsibilities and accountabilities include, but are not limited to:

Develop and implement the compliance strategy for the Branch to meet the Regulatory requirements.
Prepare and implement a risk-based annual Compliance Monitoring Programme and report any deficiencies to Senior Management on a monthly or quarterly basis) and recommend corrective actions to be taken by the branch.
Maintain Compliance Record-Keeping, e.g. Gifts, Complaints Register, FCA/PRA registrations, SMR certification and approvals etc.
Actively support and advise the Senior Management and the staff on the relevant compliance regulations and matters.
Ensure that the Branch management and staff understand and address all applicable regulations.
Review and update Branch policies, procedures and processes to ensure compliance with the regulatory regime.
Keep Senior Management and/or related departments notified as to applicable regulatory returns to be completed and timeframes for submission to the FCA/PRA/other Regulators.
Assist Senior Management to keep liaison with regulatory agencies, and relevant outsourced service providers such as consultancy companies and law firms.
Work closely with the Branch senior management to establish an appropriate compliance culture throughout the Branch including the development of specialized training programmes.
Provide training on Compliance related matters to the Branch staff.
Report monthly and on an ad-hoc basis to the Senior Management on Compliance related matters, e.g. regulation changes, compliance weaknesses and action being undertaken, etc.
Prepare annual Compliance reports.
Ensure that own continuous training and development is maintained.
Liaise, as required, with our Parent Bank to ensure that their ‘group-wide’ policies are implemented in the UK (where appropriate); and
Provide regular Management Information reports to our Parent Company and other ad hoc reports as required;
Deliver and maintain Annual Compliance and Financial Crime Risk Assessments;
Actively participate in as a member in the Branch Management Committee and the AML Oversight Committee;
Able to communicate with the regulators or other government bodies
Other Compliance and Regulatory tasks as directed by the Head of Branch (CEO).
Eligibility Criteria:
Primary education requirement : Degree level education
Desirable but not essential requirement: Finance or business related post graduate Degree/Diploma
A minimum of 3+ years of relevant experience of holding SMF 16(or its equivalent) gained within a banking environment. Contenders have a strong regulatory compliance background and experience and looking to step up to an approved person role will also be considered.
Knowledge and implementation experience with regard to key UK regulatory norms.
Proven ability/experience in the specific area for which the person is being recruited
Good knowledge of written and spoken English
Demonstrable leadership skills
Knowledge of computer operations and common office software like MS Office etc.
Knowledge of Reserve Bank of India norms.
The candidate must be able to prove that ,is eligible or will be eligible on the proposed commencement date, to work in UK
Job Application Form
***Last date for submission of duly signed CV along with the application form is extended to 05/10/2018 – E-mail to hr@syndicatebank.co.uk

Job Role: Chief Dealer
Based at: London
General Overview of the Job:

The Chief Dealer will be holding a senior position reporting to the Chief Executive Officer / Deputy Chief Executive Officer/Assistant General Manager of the branch.

To maintain the liquidity of the branch and funding of its assets in accordance with procedure and regulatory requirements while maintaining banks reputation and confidence in it in the market place and by applying the branch’s Anti Money Laundering and KYC policies and procedures, where applicable.

Dealing with foreign exchange transactions, money market operations, derivative products and bonds having applied the branch’s Anti Money Laundering and KYC policies and procedures, where applicable.

The main duties and responsibilities include, but are not limited to:

  • The buying and selling of major currencies for the bank and customers; concluding deals through web-based platforms; providing market information to the management; formulating short and medium term strategies for liquidity; conducting arbitrage deals for the management of funds; concluding money market deals; and maintaining the liquidity of the branch and the funding of the Banks assets in accordance with regulatory requirement; and the buying and selling on fixed-rate bonds for investment and liquidity purposes. Preparation of related MIS & compliance of various limits, operational guidelines as per the approved Treasury Policy of the Branch and liaising with International Division. Comply with Fitness & propriety and also conduct rules under the Senior Managers & Certification Regime of FCA.
  • Formulate short term and medium term strategy for funds management and investment to enhance the yield.
  • Formulate strategy for currency deal both for customers and Bank’s account and ensure that the outstanding positions including the position taken by other dealers are within the limits sanctioned and not breaching stop loss limit.
  • To provide cover for the banks loan portfolio and investment mostly arranging for funds on a roll over basis as required.
  • Utilise the customer deposits for various funding requirements. Accept deposits from various Banks and invest excess funds in inter-bank market. Conduct all foreign exchange transactions – including forward contracts in foreign exchange with an objective to cover customer transactions when they are requested and the Bank’s position when necessary. Liase with management for contingency plans to be adopted in crisis situations.
  • Operate the Reuter 3000 Direct Dealer system and concludes FX Spot, Forward outright, Swaps, Arbitrage and Proprietary deal with counterparty banks. Adhere to stop loss limits sanctioned.
  • Conclude Money Market transactions in USD, GBP and other major currencies using Reuters , or through brokers within the norms stipulated for such transactions.
  • Maintain liquidity position within the stipulated guidelines. Provide the local management market information such as interest rate movement, perception of India, other major economic events affecting our business.
  • Manage interest rate risk within the guidelines stipulated from time to time.
  • Monitor the interest rate gaps and maintain the same within the stipulated limit.Formulate short term and medium term strategy for funds management and investment to enhance the yield.
  • Monitor gap report, Value at Risk report and interest rate risk report daily to keep probable interest rate risk and gaps within permitted level.
  • Hedge the gap through Forward Rate Agreement or interest Rate Swaps, in case of any gap.
  • Actively participate in the pricing of the Bank’s MTN & hedging of the same.
  • Make investments in bonds within the policy framework through Bloomberg, monitoring of price movement, adhering to the stop loss, booking of profit at appropriate level. Analyse and research of market and companies with the help of charts and other available tools.
  • Analyse financial information and news and graph analysis for currency movements.
  • Liaise with Banks, Brokers, Large Corporates and Management.
  • Actively participate in monthly ALCO meetings.
  • Monitor open positions under each currency and maintain the same within the limits and reconcile the position with the accounts department.
  • Keep the Chief Executive, Dy CEO/Assistant General Manager informed of major market events during the day, which may have impact on our business.
  • Motivate other dealers in formulating dealing strategies and be a source of confidence.
  • Provide price guidance to Trade finance/Advances department when required.
  • Responsible for ensuring submission of all reports to regulators under MiFID II as per policy guidelines.
  • Responsible for ensuring submission of relevant reports to regulators/Corporate Office/International Division and also responding to all queries and providing required information.
  • Review and monitor various Management Information System such as country risk exposure, liquidity report, Value At Risk, Interest Rate Risk Report, Inter Bank Placement etc.
  • To oversee, review and updation of departmental procedures and procedures manuals. This shall include a formal review not less than annually, for presentation to the Management Committee, but also interim changes that shall be documented by way of addendums to the procedures manual.
  • To cover at times when the Dealer(s) are on leave.
  • Any other duties that may be entrusted from time to time.
Eligibility Criteria:
  1. Primary education requirement : Degree level education.
  2. Desirable education requirement: Finance or business related Degree/Diploma.
  3. At least 5+ years front office treasury experience gained within a banking or large corporate environment
  4. Proven ability/experience in the specific area for which the person is being recruited.
  5. Good knowledge of written and spoken English.
  6. Demonstrable leadership skills.
  7. Knowledge of computer operations and common office software like MS Office etc. and experience in operating Electronic Banking systems, Bloomberg, Reuters direct dealing system.
  8. Knowledge of UK regulatory norms. Knowledge of Reserve Bank of India norms would be an advantage.
  9. The candidate must be able to prove that they are eligible, or will be eligible on the proposed commencement date, to work in UK
 Job Application Form

***Last date for submission of duly signed CV along with the application form: 7th August 2018 – E-mail to hr@syndicatebank.co.uk

Job Role: Officer
Based at: London
General Overview of the Job:

The main duties and responsibilities include but limited to:

  • Supervise and manage functions of Operations department which includes Deposits & Clearing sections.
  • Opening and checking all new accounts including compliance of extant AML/KYC/CFT guidelines while opening all the accounts. Also, closing accounts and change of addresses.
  • Liaise with Dealers for conversion rates in respect of multi-currency transactions.
  • Ensure changes in Interest rates according to the guidelines of the Regulatory Authorities.
  • Periodical risk based review of Customer files and making necessary updates after obtaining necessary information from the customers.
  • Monitoring of transactions in customer accounts and also the transactions of Trade Finance department from AML angle.
  • Ensure preparation and submission of customer’s Interest and tax data to Inland Revenue for each Tax Year in accordance with Section 17.
  • Ensure preparation and submission of Tax related regulatory returns pertaining to deposit sections.
  • Supervise, preparation and correctness of tax/interest certificate for customers
  • Overview and check cash section of Branch.
  • Preparing responses to various reports /queries of MLRO and submit the same to CM/AGM.
  • Maintain, review and update departmental procedures and procedures manual.
  • Preparation and submission of all reports in respect of Operations Department
  • Any other duties assigned from time to time.
Eligibility Criteria:
  1. GCSE or equivalent qualification.
  2. Three A levels or equivalent qualifications preferably in Science & commerce subjects.
  3. Preference will be given for candidates with higher qualifications.
  4. Preference will be given to candidates whose academic studies included banking modules and / or who have banking related qualifications.
  5. Knowledge of computer operations and common office software like MS Office etc.
  6. Good knowledge of written and spoken English.
  7. Demonstrable leadership skills.
  8. Proven ability/experience in the specific area for which the person is being recruited.
  9. The candidate must be able to prove that they are eligible, or will be eligible on the proposed commencement date, to work in UK.
 Job Application Form

***Last date for submission of duly signed CV along with the application form: 7th August 2018 – E-mail to hr@syndicatebank.co.uk

Job Role: Officer
Number of vacancy: 1
Based at: London

General Overview of the Job:

  • Supervise and manage the functions of Back office department in such a manner as to effectively control and protect independently all payments/flow of funds in to and out of the branch in respect of all treasury, deposit and remittance business including the prompt confirmation of all Money market and Foreign Exchange transactions.
  • Provide effective back up for dealers’ activities by monitoring, observing and reporting their transactions in managing bank’s assets and liabilities.
  • Reporting any obvious errors, omissions and aberrations against ongoing market levels to the competent authority.
  • Monitor security integrity of and receive and to make payments through SWIFT and other bank linked systems.
  • Monitor the Nostro balances and various market risks of dealing and treasury management
  • Responsible for updating settlement systems and advising management
  • Responsible for ensuring the department’s Record retention & storage filing as per policy and procedure
  • Responsible for maintaining, reviewing and updating the departmental procedures and procedure manual as per policy
  • Maintaining and keeping updated with market developments on market related to Industry settlement, statement and procedures and advising management of changes that may benefit the branch operations
  • Responsible for Review and update KYC of counterparty banks and update Risk assessments where required.
  • Supervise and manage functions of operations department including deposit and clearing section
  • Any other duties assigned from time to time
Eligibility Criteria:
  1. GCSE in Mathematics or equivalent qualification
  2. Three A levels or equivalent qualifications
  3. Knowledge of computer operations and common office software like MS Office etc.
  4. Good knowledge of written and spoken English
  5. Demonstrable leadership skills
  6. Proven ability/experience in the banking/back office operations
  7. The candidate must be able to prove that they are eligible, or will be eligible on the proposed commencement date, to work in UK
  8. Although it will not be a necessary requirement, preference is likely to be given to candidates possessing Bachelor’s Degree qualifications and/or banking related qualifications
 Job Application Form

***Last date for submission of duly signed CV along with the application form: 18th May 2018 – E-mail to hr@syndicatebank.co.uk — Candidate will be selected through initial elimination screening on the basis of CV and other documents submitted, to be followed finally through written test and face-to-face interview at Syndicate Bank’s office in London. Request from prospective candidates for interview through any kind of video call like skype, telephone call or otherwise will not be entertained.

    2A East Cheap, London EC3M ILH
    +44 (0) 2076 269 681
    +44 (0) 2072 833 830
    Bank Opening Hours
    Monday - Friday: 9:15 am - 5:15 pm
    Chief Executive (Direct Line)
    +44 (0) 207 626 0792
    Assistant General Manager (Direct Line)
    +44 (0) 208 946 7254