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11/11 Jyothi
Recruitment Consultant at Derive Recruitment Consulting Pvt. Ltd

Views:312 Applications:67 Rec. Actions:Recruiter Actions:52

Associate Manager/Manager - Compliance - Stock Broking/NBFC/FinTech (2-12 yrs)

Bangalore Job Code: 1179341

Compliance Program Advisory :

- Role plays a very crucial role in ensuring all functional units are duly guided during the development life cycle of the new product along with regular maintenance of the product on the platform. The unit also plays a very important role in managing the compliance requirements as per new regulatory guidelines from RBI, SEBI, AMFI etc. and ensuring implementation of the same in various different products offered on the platform.

- Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm's compliance control environment.

About the role:

- The candidate will be part of the Compliance team covering Stock Broking / NBFC businesses. Maintain oversight of the developments in the Stock Broking / NBFC regulatory environment to proactively manage the potential regulatory risk/AML risk/KYC risk /ops risk / exposure of affected divisions/departments.

- Advise business/support units on SEBI / Exchange regulations, rules and standards, including keeping them informed of the developments in this area

- Focus on self- learning and development on all relevant guidelines in the areas of financial services products especially non-banking areas like account aggregator and lending to ensure reporting of the progress to sync in with departmental goal

- Educate staff on regulatory compliance issues and acting as point of contact for all regulatory compliance queries from staff

- Perform gap analysis on new/revised guidelines issued by regulators and follow up on action plans on the implementation

- Act as face of the Compliance unit in discussion with product team to ensure all regulatory gaps are included in various product sprints and executed as per regulatory requirement

- Perform Pre-Prod Audits on the new product/ features on the platform and provide sign-off on the control testing reports

- Develop solutions to address specific challenges faced by the business units in regulatory compliance matters including impact assessments

- Provide detailed report to Director - BFSI on a regular basis of the review conducted in a quarter and critical gaps identified during the review along with status

- Assist the Director in providing updates to senior management on the critical compliance issues for immediate attention and escalations

- Role demands collaboration within the wider Compliance team

Min years of experience: 6-7 years


- Any professional with at least 6-7 years of experience in compliance of Stock Broking/NBFC/Financial Service /BFSI/Fintech space

- Experience in NBFC (Prefer compliance persons from stock broking/NBFC who has experience in handling stock broking / lending processes, product compliances etc. Should have dealt with Exchange / SEBI / RBI audits, communicated with regulators actively on products, compliance related matters etc )

- In-depth knowledge of the stock broking / lending industry standards, Indian regulations and current market practices.

- A subject matter expert with comprehensive knowledge about AML/KYC policies, fraud control, risk categorization policies, monitoring, evaluation, review, and report associated with auditing.

- Excellent knowledge of reporting procedures and record keeping guidelines.

- Ability to communicate clearly and precisely to the point.

- Demonstrate the ability to plan and execute projects single handedly.

- Has an analytical mind able to "see" the complexities of procedures and regulations.

- Is a problem solver and always ready to take ownership of deliverables assigned.

- Has high ethical standards and is able to work diligently to complete your duties.

- Certified compliance professional is a plus.

Women-friendly workplace:

Maternity and Paternity Benefits

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