Lead - Compliance - BFS

Looking for someone from Banking & Financial industry only.

Dynamics of the Role

The role will primarily support the maintenance of an effective control environment for the compliance function.

S/he will develop and execute a compliance testing program designed to meet regulatory standards and expectations pertaining not only to RBI rules, and regulations but also to laws related to code of conduct ensuring employee safety and satisfaction.

Roles & Responsibilities

- To proactively ensure compliance with Credit Information Companies (Regulations) Act (CICRA), Regulations, Rules and other circulars issued by RBI, Information technology act & regulations and other related laws.

- Providing advice (mainly on matters pertaining to compliance) to internal stakeholders on on various requirements as per CICRA, Rules and RBI Regulations.

- To review various Product, Processes & Policies and ensure the same is in line with relevant RBI regulations.

- To liaison with regulators to protect and promote entities interest.

- To review various communications sent to regulators including communications requesting clarifications on any regulatory requirement.

- To monitor changes in relevant legislation and regulatory environment impacting entity and advising the relevant stakeholders on matters related to regulatory compliance.

- Review of regulatory circulars and press releases, analyze its impact and/or opportunities arising for the business and disseminate the same to senior members of the business units. Tracking of implementation status of such advisories / regulatory directions.

- To ensure that business activities are conducted in conformity with all the applicable laws, regulations, internal policies and procedures.

- Provide advice with respect to compliance with regulations at the time of inception of new products & otherwise.

- To implement various compliance programs including issue management program, compliance training program, business continuity program, policy management program, record retention program etc.

- To implement Compliance policies /or procedures and standard operating procedures in support of various laws, guidelines and regulations governing the entity.

- To contribute RBI Inspections and implement regulatory reporting requirements. To ensure that all the audit observations are closed within agreed timelines.

- To independently investigate and act on matters related to Compliance.

- To conduct Compliance training programs for Internal/External Stakeholders.

- Conduct compliance monitoring reviews and testing of operations controls.

Experience and Skills

- Qualification: Master's degree in business administration in operations, finance or related field or a CA/CS.

- Minimum 15 years of experience in compliance and risk management role with 10 years in supervisory position.

- Flexibility to travel as needed

- Executive presence and assertiveness.

- Self-starter, ability to work independently, handle ambiguous situations and exercise judgement in variety of situations.

- Strong communication, organizational, verbal & written skills.

- High degree of responsibility and ownership, strong multitasking, coordination and tenaciously looking for ways to get results.