Chief Compliance Officer - BFS

- Managing the Company's compliance risk and providing support to the MD & CEO to ensure compliance.

- Assessing the compliance risks faced by the business and to ensure that the Company appropriately manages those risks. Report promptly to the Board / ACB / MD & CEO about any major changes / observations relating to the compliance risk.

- Ensure compliance of Supervisory observations made by RBI/NHB and/or any other directions in both letter and spirit in a time bound and sustainable manner.

- Periodically report on compliance failures/breaches to the Board/ACB and circulating to the concerned functional heads.

- Disseminating regulations to business and support function and provide ongoing advisory services to ensure that the company operates in accordance with all regulatory and legal requirements and Head Office compliance standards.

- Correspondence with the regulators RBI, AML regulator etc. Apprise the Board and senior management on regulations, rules and standards and any further developments.

- Provide compliance opinions/clarifications to the users on applicability of regulatory laws in relation to activities of the company.

- Preparing and presenting clear and concise compliance reports to the management and conduct assessment of the compliance risk (at least once a year) and to develop a riskoriented activity plan for compliance assessment.

- Promoting a compliance culture, monitor and periodically test compliance by performing sufficient and representative compliance testing. The results of the compliance testing should be placed to Board/ACB/MD & CEO.

- Providing guidance, advice, and/or training and educational programs, to improve business understanding of related laws and regulatory requirements.

- Ensure legal / compliance diligence for new customers/ vendors on boarding: KYC, Intelligence checks and AML verification.

- Oversee and monitor the Control risks vis a vis Group standards and local regulatory environment, identify breaches and suggest/ implement mitigation measures.

- All responsibilities of Compliance function as defined in RBI Circular No. RBI/2022-
23/24 Ref.No. DoS.CO.PPG./SEC.01/11.01.005/2022-23 dated 11.04.2022.