Compliance Specialist
AirtableSalary not specified
Full Time
Mid-level (3 to 4 years)
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Retail, FinanceIndustries
Requirements
- College degree in accounting (CS will be an advantage)
- Relevant experience with 4+ years of work experience from IT/ITES reputed firms
- Preferably having knowledge of indirect taxation/STPI & SEZ/HR Laws knowledge/FEMA
- Knowledge on STPI, SEZ, FTP, Customs Act, GST and EOU
- Knowledge on Duty free Import and Export Regulation
- Knowledge on LOP, LUT, IEC, Green Card and Status Certificate etc
- Knowledge of Product classification, HSN, Inco terms
- Strong analytical skills with excellent attention to detail
- Good communication skills
- Knowledge in basic accounting systems
Responsibilities
- Manage applications, approvals and tracking for all shipment clearance
- Develop and maintain standard operating procedures for all compliance-related activities while ensuring meticulous documentation and record-keeping
- Conduct regular compliance audits and prepare required regulatory reports while staying current with changes in STPI/SEZ regulations
- Serve as primary liaison with government authorities including STPI, SEZ, and Customs officials
- Work with the legal and external teams towards implementation and compliance with new regulatory changes applicable for Target India Finance
- Manage GRC tool. Key tasks would include the review of compliance with Corp Finance
- Ensure compliance with the provisions of the Foreign Exchange Management Act 2000
- Partnering with the FAR team, HR and legal teams to meet all reporting requirements
- Assist team members in compliance with the Information Protection Policies and data management of the company
- Prepare compliance dashboard for the leadership to provide and update on Operational and Compliance status
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the employment type for the Compliance Analyst role?
This is a full-time position.
What key knowledge areas are required for this role?
The role requires knowledge of STPI, SEZ, FTP, Customs Act, GST, EOU, duty-free import and export regulations, LOP, LUT, IEC, Green Card, Status Certificate, product classification, HSN, Incoterms, and the Foreign Exchange Management Act 2000.
What does Target's company culture emphasize?
Target promotes a culture of mutual care and respect, values different voices, lifts each other up, and fosters an inclusive learning environment with authentic and respectful relationships.
What is the salary or compensation for this position?
This information is not specified in the job description.
What experience makes a strong candidate for this Compliance Analyst role?
Strong candidates will have expertise in STPI/SEZ compliance, regulatory knowledge including GST and Customs, experience managing GRC tools, conducting audits, and liaising with government authorities and cross-functional teams like legal and HR.
Target
Retailer offering diverse consumer goods
About Target
Target Corporation is a retail company that offers a wide range of products, including clothing, electronics, home goods, and groceries, through nearly 2,000 stores and an online platform. Its "Design For All" philosophy allows it to provide high-quality, affordable products that cater to diverse customer needs. Target differentiates itself from competitors with its owned brands and the Target Circle loyalty program, which enhances customer engagement. The company's goal is to support sustainability and community initiatives by giving back 5% of its profits to local communities.
Minneapolis, MinnesotaHeadquarters
2005Year Founded
N/ACompany Stage
Consumer GoodsIndustries
10,001+Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Sick Leave
Paid Holidays
Paid Vacation
401(k) Retirement Plan
Employee Discounts
Risks
Increased competition from online-only retailers like Amazon threatens Target's market share.
Rising labor costs due to new minimum wage laws could impact profit margins.
Supply chain vulnerabilities from geopolitical tensions may affect inventory and pricing strategies.
Differentiation
Target's 'Design For All' philosophy offers unique, high-quality products at affordable prices.
The Target Circle loyalty program enhances customer engagement and shopping experience.
Target's commitment to sustainability and community support sets it apart from competitors.
Upsides
Experiential retail and 'retailtainment' strategies can boost customer engagement and foot traffic.
Augmented reality integration offers immersive shopping experiences showcasing Target's unique designs.
Omnichannel retail strategies enhance customer experience by integrating online and offline shopping.
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