Vice President - Risk & Regulatory Compliance

Description

The incumbent will be responsible for leading Risk and Regulatory ("R&R") compliance activities for the US India entities and is expected to work with senior leadership in both US and USI and drive all R&R compliance efforts.

Work you'll do

The key job responsibilities are:

Policy Compliance

- Maintain and improve the framework for the identification, management, monitoring and reporting of R&R compliance risks and issues

- Ensure compliance with the various Indian commercial, corporate, industrial, mercantile, labor and foreign exchange laws applicable to all functions located in multiple states

- Ensure that the framework meets internal and statutory requirements. Monitor non-compliance and escalate issues where non-compliance is not addressed

- Ensure that internal policies align with current and/or proposed legislation, rules and regulations. Work with the functional leadership on remediation in case of deviation

- Collaborate with the Office of General Counsel (OGC) to determine and evaluate the impact of current and new legislation, rules and regulatory developments, current/new projects and current/new service offerings

- Provide regular and timely feedback to Management; be proactive in the identification and resolution of issues that may have an impact on the firm's finances and/or reputation.

Filing Compliance

- Work with the stakeholders to ensure accuracy of filing of various regulatory returns and maintenance of filing records

USI Regional Control and Compliance Committee

- Participate as an active member of the "USI Regional Control and Compliance Committee" and other sub-committees and provide insights on the compliance risk

- Advise leadership on the risk cadence, alternative solutions and potential impact

- Evaluate the proposed remediation plan and outline any residual risk (if any)

- Report to Management and relevant governance committees on monitoring effectiveness of mitigating measures

Regulatory Inspection / Summon / Notices

- Evaluate inspection requests and advice Management on the appropriate course of action

Other Responsibilities

- Liaise with Risk Management and Internal Audit on risk related issues, legislation, rules and regulations

- Serve as a business advisor and support remediation efforts

- Work on implementing an automated regulatory compliance tool

The team

This team would be responsible for Risk and Regulatory ("R&R") compliance activities for the US India entities.

Qualifications

Required:

- Chartered Accountant or Cost Accountant with at least 16 plus years- experience in Compliance / Controls / Audit desired. Sound knowledge of India regulatory framework and at least 2-3 years- experience in governance risk / compliance role

OR

- Qualified legal professional with 16 plus years of experience in financial and regulatory compliance, business laws and application. Experience in Finance/ Compliance / Regulatory Risk / Governance and having additional certification of Certified Internal Auditor (CIA) and Certified Information Security Auditor (CISA)

Additional competencies:

Business & Technical skills

- Demonstrate strong leadership, inter-personal and analytical skills

- Demonstrate ability to manage international stakeholders, collaborative work style and commitment to get the job done

- Provide the organization with effective risk management solutions by implementing better management and risk strategies

- Perform risk evaluations and review design and program development plans across various functional domains of the organization

- Strong knowledge of COSO (Committee of Sponsoring Organizations) framework and proven track record of implementing the same.