Job Title: AVP of Compliance

Department: Compliance

Job Overview

We are seeking an experienced and strategic AVP of Compliance to lead our compliance initiatives, focusing on the development, implementation, and dissemination of policies and processes that align with regulatory requirements. This role is critical in ensuring that the organization adheres to applicable laws and regulations while promoting a culture of compliance across all departments.

Key Roles & Responsibilities

Policy Development:

- Design, develop, and implement comprehensive compliance policies and procedures that align with regulatory requirements and best practices.

- Regularly review and update policies to reflect changes in regulations, operational practices, and industry standards.

Regulatory Dissemination:

- Monitor and analyze new regulations and industry trends to ensure timely dissemination of relevant information to all stakeholders.

- Create and distribute clear, concise communications regarding regulatory changes and their implications for the organization.

Training and Awareness:

- Develop and deliver training programs to educate employees on compliance policies, regulatory requirements, and ethical practices.

- Foster a culture of compliance by promoting awareness and understanding of compliance issues across the organization.

Risk Assessment:

- Conduct regular compliance risk assessments to identify potential vulnerabilities and recommend mitigation strategies.

- Collaborate with business units to ensure risk management practices are integrated into operations.

Monitoring and Reporting:

- Establish monitoring and auditing processes to ensure adherence to compliance policies and regulations.

- Prepare and present regular compliance reports to senior management and the board, highlighting compliance activities, findings, and recommendations.

Liaison with Regulatory Bodies:

- Serve as the primary point of contact for regulatory agencies and ensure timely and effective communication regarding compliance matters.

- Respond to regulatory inquiries and manage any investigations or audits conducted by regulatory authorities.

Continuous Improvement:

- Stay abreast of best practices in compliance and risk management and implement enhancements to the compliance framework as needed.

- Promote a proactive approach to compliance by encouraging departments to adopt compliance best practices.

Experience Required (In Years)

- Minimum 3-10 years or similar in compliance, regulatory affairs, or risk management, with a focus on policy development and dissemination.

- Proven track record of managing compliance programs in a NBFC/ BFSI industry

Qualification Required

- Bachelors degree in Finance, Business Administration, Law, or a related field; a Masters degree or relevant certifications (e.g., CRCM, CCEP) is preferred.