AD/Director - Risk & Compliance - BFSI

Roles and responsibilities

- Develops, initiates, maintains, and revises policies and procedures for the general operation of the Compliance Program and its related activities to prevent illegal, unethical, or improper conduct. Manages day-to-day operation of the Program.

- Periodically reviews and updates the Code of Conduct to ensure continuing currency and relevance in providing guidance to management and employees.

- Collaborates with other departments (e.g., Risk Management, Internal Audit, HR, etc.) to direct compliance issues to appropriate existing channels for investigation and resolution. Consults with external/internal legal advisors as needed to resolve difficult legal compliance issues.

- Responds to alleged violations of rules, regulations, policies, procedures, and Code of Conduct by evaluating or recommending the initiation of investigative procedures. Develops and oversees a system for uniform handling of such violations.

- Acts as an independent review and evaluation resource to ensure that Issues/concerns within the company are being appropriately evaluated, investigated and resolved.

- Monitors, and as necessary, coordinates compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends.

- Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future.

- Provides reports on a regular basis, and as directed or requested, to keep the Board and senior management informed of the operation and progress of compliance efforts.

- Monitors and provides direction and management of the compliance Hotline (once made available).

- Institutes and maintains an effective compliance communication program for the organization, including promoting (a) use of the Hotline; (b) heightened awareness of Code of Conduct, and (c) understanding of new and existing compliance issues and related policies and procedures.

- Works with the Risk Management team and others as appropriate to develop an effective compliance training program, including appropriate introductory training for new employees as well as ongoing training for all employees and managers.

- Monitors the performance of the Compliance Program and relates activities on a continuing basis, takies appropriate steps to improve its effectiveness.

- Acts as the Single Point of Contact for the development and execution of the internal audit function.

- Oversees the Enterprise Risk Management program including preparing action plans, monitoring progress of action plans and identifying new risks. Reports to the leadership team on a regular progress on progress made and any new risks identified.

- Liaise with Risk Management team to implement policies and procedures, trainings and compliance activities. Oversee the Disciplinary Committee that is responsible to take action in cases of non-compliance with policies and procedures.

- Responsible for the Risk Management team in - allocating roles and responsibilities, reviewing work programs and evaluating findings from audits and other compliance activities.

- Communicating changes to or new policies and procedures across through Alerts, Newsletters and other media.

- Sustain the firm's ISO27001:2013 initiative which would include performing internal audits and managing external assessment

- Oversight on compliance with various RM trainings / affidavits including Ethics & Independence trainings (new joiners and annual).

- Actively build and sustain professional relationships and interface with key internal and Client (Member Firm) stakeholders

- Manage the data preservation notification and collection processes

- Sustain the HIPAA process instituted in the firm by RM team

Essential skills required

Education / professional qualifications

CA's, MBAs, CFAs and/or Engineers from a leading Indian/International educational institutions

Prior Experience:

The candidate must have 14+ years of relevant experience gained in professional services environment.

Interested candidates can apply or can reach me at 7838090993