Clix Capital - Assistant Vice President/Head - Compliance (12-20 yrs)

Assistant Vice President/Head - Compliance

Roles & Responsibilities:

Compliance:

- Develop and maintain regulatory policies and procedures under the Compliance Program, including review mechanisms to ensure its continuous effectiveness in ensuring all applicable compliances by the company also managing day-to-day operations of the compliances.

- Collaborate with cross-functional teams to facilitate implementation of compliance requirements at all levels/process of the organization and to direct compliance issues to respective functions for resolution.

- Ensure compliance with the statutory requirements and regulations prescribed for NBFC by RBI and all other applicable laws/policies.

- Should be able to independently draft compliance checklists, manuals and other regulatory documentation such as Money laundering Risk assessment etc..

- Monitor & Highlight alleged violations of RBI laws, rules and regulations applicable to NBFCs and recommend procedures for corrective action.

- Maintaining and organize compliance records in consonance with internal control and audit mechanisms.

- Establish and drive implementation of Corporate Governance norms to ensure transparency across business operations.

- Liaise and build relations with the Registrar of Companies, Reserve Bank of India and other statutory authorities. Periodically provide returns/forms required by them.

- Assist in advising management of the legal, regulatory implication of proposed new initiatives of the Company.

- Understanding of Capital Adequacy, SBL, GBL and customer complaints related Compliances.

- Experience of handling governance and compliance activities in the Banking and Financial Service Related Industry.

- Good understanding of Fair Practices code and AML.

- Help develop technology solutions to support the various Compliance programs.

- Develop and disseminate Compliance and risk trainings and ongoing communications that help drive Company's culture of compliance.

- Preparation of notes for Board on these regulatory requirements

- Interpretation, study and market practice on various Business compliance calls.

- Attending and preparing replies to RBI inspection report.

- Understand the business and accordingly structure the draft in terms of papers, compliance and risk.

- Experience in managing RBI related regulations including Moratorium, Restructuring, Credit Guarantee Schemes etc..

Internal Control:

- Perform regular and comprehensive compliance reviews and Internal Control oversight.

- Oversee and monitor the Control risks viz. a viz. Group standards and local regulatory environment, identify breaches and suggest/ implement mitigation measures.

- Review and regular update of policies and procedures in view of new regulations including compliance manuals.

- Regular reporting to Management on incidents of control breaches and corrective action required.

Legal and Regulatory:

- Act as principle interface between the Bank and RBI on all banking matters.

- Manage the relationship with the regulators namely RBI, AML authorities etc.

- To obtain approvals / licenses / certifications from regulatory bodies such as RBI's approval for CEO's appointment, Opening of new Branch, Branch shifting and RBI's certification of new product offering wherever needed.

- To ensure legal / compliance diligence for new customers/ vendors on boarding: KYC, Intelligence checks and AML verifications.

- To protect the interest of the Bank. Final vetting and concurrence to all product offerings, agreements, Loan documentation, contracts, Guarantees / LC drafts including cross border transactions from Compliance and AML perspective.

- Manage relationship with law firms and network of lawyer's. To ensure compliances of other regulatory laws as FATCA, Companies Act, Income Tax Act, EPF authorities, PMLA, GST.

Secretarial:

- Secretarial Compliance with respect to Companies Act, 2013

- Maintenance of all statutory registers/filings

- Drafting Memorandum and Articles of Association / Consolidation of Shares.

- Issue of Preference Shares/ Debentures/ and related Compliances.

- Corporate Governance & Disclosures related compliance under Listing Regulations and implementing best practices within the organization in consultation with the management

- Minutes of Board meeting, General Meetings, Shareholders' meeting & Committee meetings

- Handling physical Board meeting, General Meetings, Shareholders' meeting & Committee meetings and providing Executive Presence and guidance.

- Mergers / Equity infusions / Shareholders Agreements.

- Compliance with Listing Agreements.

- Labor Laws & Other laws

- Listing of Group Companies on stock exchanges, if required

- Issue of Compulsory Convertible Debentures (CCD) and related compliances.

- RBI Compliances/ Disclosures for Issue of Debentures to Overseas Companies/ Foreign Entities./ FCGPRS compliances.

- Liaising with Banks for settlements of Bad Debts/ OTS.

- Mergers / Equity infusions, Execution of Shareholders Agreement etc.

- Preparation of Annual General Meeting Notice, Directors Report

- Preparation of Empanelment forms with various banks and institutions

Additional Requirement:

- Travel involved will be 10%

- Require significant amount of prioritization & team management skills

- Strong communication & presentation skills

- Strong controller of risk areas

- Must have a customer-based approach

- Co-lead process redesign & automation initiatives

- Beneficial to have knowledge best practices in industry