AVP/VP - Compliance - NBFC

Job Overview:

- We are seeking an experienced and strategic AVP/VP of Compliance to lead our compliance initiatives, focusing on the development, implementation, and dissemination of policies and processes that align with regulatory requirements.

- This role is critical in ensuring that the organization adheres to applicable laws and regulations while promoting a culture of compliance across all departments.

Key Roles & Responsibilities:

Policy Development:

- Design, develop, and implement comprehensive compliance policies and procedures that align with regulatory requirements and best practices.

- Regularly review and update policies to reflect changes in regulations, operational practices, and industry standards.

Regulatory Dissemination:

- Monitor and analyze new regulations and industry trends to ensure timely dissemination of relevant information to all stakeholders.

- Create and distribute clear, concise communications regarding regulatory changes and their implications for the organization.

Training and Awareness:

- Develop and deliver training programs to educate employees on compliance policies, regulatory requirements, and ethical practices.

- Foster a culture of compliance by promoting awareness and understanding of compliance issues across the organization.

Risk Assessment:

- Conduct regular compliance risk assessments to identify potential vulnerabilities and recommend mitigation strategies.

- Collaborate with business units to ensure risk management practices are integrated into operations.

Monitoring and Reporting:

- Establish monitoring and auditing processes to ensure adherence to compliance policies and regulations.

- Prepare and present regular compliance reports to senior management and the board, highlighting compliance activities, findings, and recommendations.

Liaison with Regulatory Bodies:

- Serve as the primary point of contact for regulatory agencies and ensure timely and effective communication regarding compliance matters.

- Respond to regulatory inquiries and manage any investigations or audits conducted by regulatory authorities.

Continuous Improvement:

- Stay abreast of best practices in compliance and risk management and implement enhancements to the compliance framework as needed.

- Promote a proactive approach to compliance by encouraging departments to adopt compliance best practices.

Skills:

- In-depth knowledge of applicable laws, regulations, and compliance frameworks.

- Strong analytical and problem-solving skills, with the ability to interpret complex regulations and their implications.

- Excellent written and verbal communication skills, with the ability to convey complex information clearly to diverse audiences.

- Proficiency in compliance management software and tools is a plus.

- Strong leadership and interpersonal skills, with the ability to build relationships across all levels of the organization.

- High ethical standards and integrity, with a commitment to fostering a culture of compliance.

- Ability to manage multiple priorities and work in a fast-paced environment.

Experience Required (In Years):

- Minimum 12 years or similar in compliance, regulatory affairs, or risk management, with a focus on policy development and dissemination.

- Proven track record of managing compliance programs in a NBFC/ BFSI industry