Compliance Strategy: Develop and implement a comprehensive compliance strategy aligned with the company's goals and objectives, taking into consideration regulatory changes and industry best practices.
Regulatory Compliance: Ensure strict adherence to all regulatory requirements, guidelines, and directives issued by the relevant authorities, including the Reserve Bank of India (RBI) and other regulatory bodies.
Policy Development: Oversee the creation, revision, and implementation of compliance policies and procedures to ensure they are in line with changing regulations and industry standards.
Risk Assessment: Conduct regular risk assessments to identify potential compliance risks and develop mitigation strategies to prevent violations.
Training and Awareness: Establish and maintain a compliance training program for employees at all levels, ensuring they are well-informed about compliance requirements and expectations.
Reporting and Monitoring: Implement robust monitoring and reporting mechanisms to track compliance activities, report violations, and recommend corrective actions.
Internal Controls: Implement and maintain effective internal control systems to ensure compliance with internal policies and external regulations.
External Relationships: Serve as the primary point of contact for regulatory agencies and external auditors, facilitating inspections and examinations as required.
Ethical Conduct: Promote a culture of ethics and integrity throughout the organization, emphasizing the importance of compliance with applicable laws and regulations.
Incident Response: Develop and maintain an incident response plan to address compliance violations and ensure timely resolution, reporting, and communication to relevant stakeholders.
Monitoring Industry Trends: Stay informed about emerging trends, best practices, and changes in regulatory requirements within the NBFC and banking industry.
Senior Management Reporting: Regularly report compliance performance and issues to the senior management and the Board of Directors, highlighting areas of concern and improvement.
The Successful Applicant
Bachelor's degree in finance, business, law, or a related field. Advanced degrees or professional certifications (e.g., Certified Compliance Professional) are a plus.
A minimum of 15 years of relevant experience in compliance, risk management, or regulatory affairs, with a strong preference for candidates with a background in NBFC or banking.
In-depth knowledge of Indian financial regulations and compliance requirements, including RBI guidelines.
Strong leadership skills and the ability to build and manage a high-performing compliance team.
Excellent communication, negotiation, and interpersonal skills.
Analytical and problem-solving abilities with a keen attention to detail.
High ethical standards and a commitment to promoting a culture of compliance and integrity.
Proven track record of successfully managing compliance functions in a dynamic and regulated environment.
