Head - Compliance - Investment Banking - LLB/CS

Company: One of the largest investment banks in India with presence across institutional broking,asset management and related business segments.

Position Title: Compliance Manager

Key Contacts: Risk, Internal Audit, Investment Banking

Responsible to: Director-Legal and Compliance

Direct Reports: None

Role type: Permanent

Location: Mumbai

Job Description - Key Purpose

Our client is looking to appoint an experienced Compliance Manager to assist with the establishment and maintenance of a robust and effective compliance framework. The successful candidate will be able to provide assurance to the Director Compliance around compliance with all relevant regulations and industry legislation.

The Compliance Manager will operate at the intersection of finance and law, providing counsel and advice that support activities across the firm. He will handle litigation and arbitration, perform research and due diligence, aid in financing and legal filings and deal with contracts.

He will be involved in virtually every investment banking and capital markets financing transaction and have a wide range of responsibilities, which vary in response to the needs of different SBUs.

The role holder will ensure that the firm will adopt the highest standards of compliance and governance, in line with best practice in leading regulated institutions.

Responsibilities

Monitoring

- Assist with developing and implementing a risk-based compliance monitoring programme, identifying, assessing, monitoring and reporting all material compliance risks.

- Key responsibility for day to day monitoring and reporting of compliance risks.

- Primary responsibility for maintaining and monitoring compliance with key compliance policies, this includes maintaining relevant restricted investment registers, conflicts and gifts and hospitality.

- Ensure that compliance procedures, systems and controls are up-to-date and effective.

- Maintain the compliance manual, and all compliance procedure documentation.

Advisory

- Maintain an understanding of relevant regulatory requirements to provide advice and guidance to Director Compliance and other senior managers enabling them to implement compliant policies and procedures.

- Be responsible for day to day management of employee training, including providing regular training to employees on compliance matters, including internal policies and procedures, the application of standards and guidelines, and relevant laws and regulatory requirements, promoting and enhancing a strong bank-wide compliance culture.

- Prepare and review commercial contracts, vendor agreements, service level agreements, non-disclosure agreements and other documents for day-to-day business transactions

Risk Assessment

Assist with the compliance risk assessment process ensuring that the compliance risks are appropriately identified and assessed.

AML Due Diligence

- Carry out various AML due diligence checks for all key parties involved in each investment banking transaction.

- Review due diligence information annually for all transaction files.

Reporting

- Assist with preparing standard and ad-hoc information and data reports to regulators and other stakeholders as required.

- Prepare and manage on regular basis appropriate timely management information on compliance and regulatory issues to Director Compliance including suggested mitigating actions.

- Assist with preparing and coordinating ad-hoc reports on compliance developments as required.

Policy and Procedure Development

- Review compliance policies and procedures on a regular basis to ensure they comply with statutory and regulatory requirements.

- Where relevant participate in the development and implementation of other policies and procedures, ensuring regulatory and legislative requirements are met.

External Relations

- Support the Director Compliance in the development and maintenance of effective and efficient interaction with regulators, ensuring firms views are appropriately represented and facilitating the supervisory activity of regulators (viz. RBI/SEBI).

Essential experience

- Detailed knowledge of financial services regulations, as impacting Group's business, e.g. know your client, anti-money laundering, sanctions, insider dealing, market abuse, conduct of business and conflicts of interest. Also familiar with SEBI/RBI regulations.

- Knowledge and experience of best practice compliance and governance frameworks, methodologies and emerging practice, compliance monitoring and risk assessments in the context of the Indian financial services industry.

- Experience of communicating with regulators and assisting with regulatory enquiries and inspections.

- Degree qualified - LLB preferably with CS with 5+ years PQE experience

Personal Skills (Essential Behaviours)

- Highly developed communication and influencing skills with ability to build relationships at across the organisation at all levels.

- Broad and pragmatic thinker, capable of quickly interpreting information and presenting arguments in a clear and reasoned way.

- Thorough and accurate, capable of identifying the key issues without getting lost in the detail.

- Processes driven ability to establish and follow new processes.

- Ability to challenge constructively and enforce appropriate boundaries.