Spandana Sphoorty - Vice President - Compliance

Role - Vice President - Compliance

Location: Hyderabad

Job Purpose:

- Support CCO for ensuring compliance to Regulatory, Statutory and all such bodies including internal compliance in the company.

Key Responsibilities:

- Assist CCO in overseeing the implementation of Compliance Policy as per Manuals, internal codes of conduct, etc.

- Assist in carrying out an exercise to identify and assess the major compliance risk faced by the Company and formulate plans to manage it.

- Assist in developing the yearly compliance controls monitoring plan in line with the organisation

goals.

- Preparing clear and concise compliance MIS.

- Coordinating internal compliance review and monitoring activities, including periodical reviews.

- Act as an advisory for all types of Operations including IT system implementation.

- Assist in preparing monthly, quarterly, and half-yearly detailed annual reviews of Compliance and its

risk in such a manner as to assist Board members to make an informed judgment on whether the

Company is managing its compliance risk effectively.

- Carry out the implementation/adherence of regulatory/supervisory directions given by RBI and other

regulatory statutory bodies in both letter and spirit in a time-bound and sustainable manner.

- Assist in examining staff accountability in major compliance failures and provide timely suggestions

and findings based on analysis of such incidents.

- Submit reports on Progress in the rectification of significant deficiencies and implementation of

recommendations pointed out in various audits and RBI inspection reports.

- Ensuring timely submission of various regulatory returns, disclosures and periodic queries of RBI and

monitoring of statutory filings done by different process owners, and directly monitor Fraud Reporting.

- Support in assessing risks/regulatory aspects in new product/process launches and suggesting way

forward.

- Arranging workshops and relevant external training as per requirements.

- Collaborating with other internal areas including: Legal, Business Management, Operations,

Technology, Finance, other Control Functions, and In-Business Risk to address compliance issues which

may impact the supported function/business/product.

- Assist CCO in developing Compliance framework and Compliance culture in the organisation.

- Prepare and maintain Compliance calendar of the Company by covering the all the operations

performed in the Company.

- Ensure the Board and Committees agendas in line with RBI requirements.

Job Requirement:

- CA/CS/CMA/MBA Finance/ with 10/14 years experience in pure RBI Compliance (excluding secretarial experience) in Banks/NBFCs/Financial Institutions.

- Sufficient work experience in sizable NBFCs i..e. RBI Compliance work experience in 5000+/10000+ AUM NBFCs or in banks.

Work experience NBFC-MFI

Competencies:

- Strong understanding of regulatory requirements & risks entailed in running of a financial institution / NBFC.

- Proficient with Regulatory risk assessment and compliance monitoring procedures.

- Experience in developing, implementing and managing compliance framework.

- Strong interpretation skills over RBI guidelines and other regulatory statutory requirement.

- Strong communication and interpersonal skills.

- High level of maturity in dealing with Senior Management team, regulators and other stakeholders.

- Problem solving and decision-making skills.

- Ability to analyse large datasets & reports.

- Proactive in detecting compliance issues and provide suitable advice.

- Capability to develop IT systems/ guide in Compliance testing.

- Knowledge in different business portfolios covering secured and secured portfolio.

- Strong awareness in AML/KYC Compliance and, operational expertise in digital initiatives.

- Experience in handling RBI inspection and input submission.