AVP/VP - Wealth Compliance

We are looking for AVP/VP - Wealth Compliance role for one of the leading Wealth company in India.

Please find below mentioned job description for your reference.

Job Title: Vice President of Wealth Compliance

Location: Mumbai

Department: Compliance

Job Summary:

The Vice President of Wealth Compliance is responsible for leading the compliance function within the wealth management division, ensuring that the organization adheres to all applicable regulations, laws, and internal policies. This role involves developing and implementing compliance programs, managing compliance risks, and providing strategic guidance to senior management on compliance matters.

Key Responsibilities:

Strategic Leadership:

- Develop and execute the compliance strategy for the wealth management division.

- Provide strategic direction and leadership to the compliance team.

Regulatory Compliance:

- Ensure the organization's compliance with all relevant laws and regulations, including those from the Domestic (India) and other regulatory bodies.

- Oversee the implementation of regulatory changes and ensure they are effectively integrated into the organization's policies and procedures.

Policy Development and Oversight:

- Develop, review, and update compliance policies and procedures.

- Ensure policies and procedures are effectively communicated and implemented across the organization.

Risk Management:

- Identify, assess, and manage compliance risks associated with wealth management activities.

- Develop and implement risk mitigation strategies and monitor their effectiveness.

Compliance Monitoring and Reporting:

- Oversee compliance monitoring programs to detect and address potential compliance issues.

- Prepare and present compliance reports to senior management and the board of directors.

Training and Education:

- Develop and deliver compliance training programs for employees at all levels.

- Ensure continuous education on regulatory changes and compliance best practices.

Investigations and Remediation:

- Lead investigations into compliance breaches and incidents.

- Develop and oversee the implementation of corrective action plans.

Client and Stakeholder Interaction:

- Serve as a point of contact for regulatory bodies and external auditors.

- Provide guidance to clients on compliance-related matters and address any compliance concerns.

Team Leadership and Development:

- Manage and develop the compliance team, providing mentorship and support.

- Foster a culture of compliance and ethical behavior within the organization.

Qualifications:

Education:

- Bachelor's degree in finance, law, business, or a related field. A master's degree or professional certification (e.g., CAMS, CRCM) is highly preferred.

Experience:

- Minimum of 10 years of experience in compliance, with at least 5 years in a leadership role within wealth management or financial services.

- Extensive experience with regulatory bodies such as SEC, FINRA, etc.

Skills:

- Deep understanding of regulatory requirements and compliance best practices.

- Strong leadership and strategic thinking abilities.

- Excellent analytical, problem-solving, and decision-making skills.

- Exceptional communication and interpersonal skills.

- High level of integrity and ethical conduct.

Key Competencies:

- Strategic vision and leadership.

- Strong organizational and project management skills.

- Ability to manage complex compliance issues and drive results.

- Proficiency in compliance software and tools.