Head - Internal Control Unit - Asset Servicing/Advisory Firm

Candidates from Capital market Apply for this role

Established in 2017, Company is an independent Asset Servicing firm and regulated by SEBI, RBI, and IFSCA in India. Firm has diversified into multiple ventures within the Asset Servicing Business catering to Asset Managers, Wealth Managers and institutional/accredited investors. Dovetail is team of 100+ employees, with our Head Office located in Mumbai (offices in Prabhadevi and Worli), and a large presence in GIFT City.

Dovetail was the first clearing member in the country to clear a commodity derivative trade for an FPI on MCX. Currently we clear ~18 lac trades per day with a notional value of USD 15+ billion.

Our robust presence in GIFT City sets us apart as one of the pioneering companies with a dedicated team, holding an ancillary service license. This license enables us to offer comprehensive fund administration services encompassing investor onboarding, fund accounting, compliance, and corporate secretarial services. We take pride in being the largest GIFT City Administrator, managing substantial assets through GIFT City, and being among the initial recipients of Ancillary Services.

Additionally, Dovetail has received an in principle approval from DFSA in the process of setting up an office in Dubai, further expanding our global footprint.

Responsibilities Overview:

The Internal Control Unit Head (ICU) will ensure that the advisory business, derivative clearing operations, and GIFT City Fund Administration functions are fully compliant with all relevant laws, regulations, drafting control functionality and internal policies. The ICU Head will be instrumental in developing and enforcing internal controls, conducting risk assessments, and managing compliance activities across jurisdictions.

Key Responsibilities:

- Design and implement internal control mechanisms with local and international regulatory frameworks.

- Fully responsible for the organisation to achieve third party approvals like SAS 70 (SOC1) with company policies and identify areas where risks may emerge.

- Proactively detect risks and design strategies to mitigate them.

- Develop and continually improve the company's risk management framework.

- Ensure that SOC 1 audits are conducted regularly, maintaining stringent controls over business operations.

- Guide and train staff on risk management and internal control processes.

- Lead regular internal audits across business units to ensure consistent adherence to policies and regulatory standards.

- Prepare comprehensive reports on internal control and risk management for senior management review.

- Help building the ICU team

Key Requirements:

- CA or MBA

- 20 years of experience in internal control, or audit functions

- Strong understanding of capital market process & regulations

- Strong analytical skills with the ability to identify, assess, and solve problems effectively.

- Self-motivated with the ability to work independently and collaboratively in a team environment