Compliance Head - NBFC (10-15 yrs)

Key Responsibilities:

- Compliance Oversight: Assist the Board and Senior Management in implementing and overseeing the Compliance Policy, including policies and procedures, Compliance Manuals, internal codes of conduct, and more.

- Compliance risk Identification and Mitigation: Identify compliance risks within the organization, analyze risks associated with existing and new products/processes, and implement appropriate risk mitigants. Participate in 'new product' committees to ensure intensive monitoring of new products for the first six months.

- Monitoring and Testing: Conduct sufficient and representative compliance testing, report results to Senior Management, and circulate instances of compliance failures among staff along with preventive instructions. Examine staff accountability for major compliance failures.

- Regulatory Compliance: Ensure compliance with regulatory and supervisory directions from the RBI and other regulators in both letter and spirit, in a time-bound and sustainable manner. Ensure all Risk Mitigation Plan (RMP) and Monitorable Action Plan (MAP) points are compiled within prescribed timelines.

- Regulatory Liaison: Serve as the primary contact point between the company and regulators/supervisors, participate in structured or regular discussions with the RBI, and communicate compliance to RBI inspection reports through the Compliance Function.

- Stakeholder Support: Act as a reference point for internal stakeholders from operational departments for clarifications/interpretations of various regulatory and statutory guidelines.

Minimum of 10+ years of work experience in the BFSI sector, with at least 5+ Years leadership level experience in compliance, particularly in Bank/NBFC.

- CA/CS/PGDM/MBA or equivalent professional qualification.

- Proven experience in dealing directly with RBI/NHB as a regulator and managing RBI/NHB audits for at least 5 years.

- Demonstrated experience in dealing with Senior Board Members and Independent Directors in previous roles.

- Ability to take ownership of and strengthen the compliance culture within the organization.

- Understanding of regulatory requirements and internal policies relevant to the NBFC sector.

- Ability to interpret and translate regulations into actionable compliance plans.

- Experience in developing and implementing a Compliance Policy and related materials.

- Knowledge of risk identification and mitigation strategies in a compliance context.

- Proven ability to conduct compliance testing and analyze results.

- Ability to clearly explain regulations and compliance procedures to internal and external stakeholders as well as to the Board.

- Ability to confidently represent the company as a liaison with relevant regulatory bodies .

- Strong leadership skills to foster a robust compliance culture within the organization.

- Experience working effectively with a Board of Directors, including independent directors.

- Ability to analyze complex regulations and identify potential compliance risks.

- Skills to assess risks associated with new products and processes.

- Attention to detail and accuracy in ensuring adherence to regulations.

- Project management skills to oversee and manage compliance initiatives.

- Staying up-to-date with regulatory changes within the BFSI sector.