Assistant Vice President - Compliance

Avanse Financial Services

Key Accountabilities

Managing and Undertaking Compliance Function of the Company- An NBFC-SI regulated by various regulators specifically RBI, IRDAI, MCA etc.
Represent company for submissions before the regulators including RBI inspections, audits, NBFC-O meetings, Industry Forums etc.
Monitor and advise on entire compliance activities of the company executed by other functions and external agencies including for Secretarial, Human Resource, Nodal Office, Risk & Audit
Custodian of Compliance related policies of Company and contribute in building automation and efficacy in implementing best regulatory practices into policies
To ensure filing of reports/returns as per extant regulations applicable to the company
To conduct periodic assessment of the compliance risk and to develop risk oriented activity plan for compliance assessment
To monitor, periodically test compliance and prepare for various audits and inspections as per regulatory requirements
To examine sustenance of compliance as an integral part of compliance testing and compliance assessment exercise
To ensure compliance of supervisory observations made by the Regulators viz. RBI , IRDAI and/or any other directions in both letter and spirit in a time bound and sustainable manner
Ensuring Compliances and solutions are in line with the SARFAESI Act

Key Responsibilities

Provide practical solution to various business and support function within the Compliance parameters and mitigate regulatory risks
Periodically give presentation to the management on compliance matters, key activities undertaken and planned and on sensitive areas of concern
To apprise the management on regulations, rules and standards and any further regulatory development affecting the company / NBFC-SI & provide clarification on any compliance related issues
Prepare training modules and knowledge series for raising awareness of the company staff on compliance related matters of the company
Be a mentor and guide for the compliance team and the execution team, to deliver Compliance Functions in letter and spirit effectively
To report promptly about any major changes /observations related to the compliance risk
To periodically report on the compliance failures / breaches to the function concerned and bridge the gaps, if any

Required Experience

10-12 years of experience in managing compliance function in BFSI with over 5 years of experience in NBFC-SI compliances regulated by RBI and IRDAI (corporate agent)
Experience with listed NBFC-SI will be an added advantage

Required Qualification

Bachelors or Masters in any discipline with good academic record
Company Secretary Professional Examination is desirable
Completion of IRDA certification for Principal Officer
Completion of Securities Intermediaries Compliance Certification would be an added advantage

Technical Competencies

Strong understanding of current regulations impacting NBFC companies
Knowledge on Audits & Statutory compliances
Advanced computer skills and working knowledge of Microsoft Office
Ability to interpret regulatory notifications & circulars and clearly articulate for internal understanding & compliance
Savvy in managing regulators
High on governance and compliance mindset

Behavioral Competencies

Personal Attributes

Responsibilities:
Eligibilities: