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Job Code
1509440
Job Description: Assistant Vice President (AVP) - Compliance
Department: Compliance
Reports To: Chief Compliance Officer (CCO)
Position Overview:
- We are looking for an experienced and dynamic professional to join IIFL Home Loans as an Assistant Vice President (AVP) in the Compliance department. The AVP-Compliance will play a pivotal role in ensuring the company adheres to all relevant regulatory frameworks, with a primary focus on RBI (Reserve Bank of India) and NHB (National Housing Bank) regulations.
- This role requires strong knowledge of the housing finance sector, regulatory compliance, and risk management.
Key Responsibilities:
Regulatory Compliance Management:
- Ensure full compliance with RBI, NHB, and other applicable regulations and guidelines.
- Oversee and interpret regulatory developments and ensure timely implementation of changes across the organization.
- Develop and implement robust compliance monitoring mechanisms, ensuring adherence to internal and external regulatory requirements.
Risk Management & Mitigation:
- Identify and assess compliance-related risks, and implement mitigation strategies.
- Conduct periodic compliance audits and assessments to identify potential regulatory gaps or violations.
- Provide guidance to business units to ensure compliance with statutory, regulatory, and internal policies.
Policy Formulation & Review:
- Develop, review, and update policies and procedures in line with changing regulatory requirements, ensuring business operations remain compliant.
- Work closely with legal and risk management teams to ensure policies are comprehensive and effective.
Regulatory Reporting & Liaison:
- Coordinate and manage regular reporting to RBI, NHB, and other regulatory bodies.
- Maintain strong relationships with regulators and facilitate communication during inspections, audits, or any regulatory reviews.
Training & Awareness:
- Organize training sessions for employees on regulatory requirements, compliance best practices, and the importance of ethical conduct in business operations.
- Ensure continuous awareness and education on evolving regulations, particularly RBI and NHB guidelines.
Compliance Audits & Investigations:
- Lead internal compliance audits and provide actionable insights to senior management.
- Investigate any incidents of non-compliance and implement corrective actions.
Key Requirements:
Skills & Expertise:
- In-depth knowledge of RBI guidelines, NHB regulations, and other relevant laws governing the housing finance industry.
- Strong understanding of compliance frameworks, risk management practices, and regulatory reporting.
- Excellent communication, negotiation, and interpersonal skills.
Educational Qualifications:
- Bachelor's degree in Finance, Law, or a related field.
- Professional certifications in compliance (e.g., Certified Compliance Professional) or legal qualifications will be an added advantage.
Other Attributes:
- High attention to detail with the ability to analyze complex regulations and translate them into actionable compliance strategies.
- Ability to work independently and in collaboration with cross-functional teams.
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Posted By
320
JOB VIEWS
141
APPLICATIONS
7
RECRUITER ACTIONS
See how you stand against competition
Pro
View Insights
Posted in
Banking & Finance
Job Code
1509440
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