Chief Vigilance Officer - Small Finance Bank

Chief Vigilance Officer

Our client is a Small Finance Bank and only candidates from Banking industry need to apply.

Job Summary :

- Create a Framework which deters and eliminates scope of wrongdoing in the organization

- Ensure that all the reported incidences are investigated, reported and acted upon as per SOP, without hampering the business and suitable legal recourses taken.

- Responsible for developing and maintaining corrective and preventive risk mechanism in the region.

- Ensure proper financial and manpower budgeting and utilization

Role & Responsibilities :

Business :

- Preventive Vigilance

- Review and make appropriate changes in the existing rules and procedures of the Organisation with a view to eliminate or minimise the scope for corruption or malpractices

- Identify the sensitive/corruption areas and high risk process based on KRIs/KPIs and align the regional teams to monitor personnel posted in such areas

Punitive Vigilance :

- Identify & appoint Enquiry Officers; conduct enquiries as per DoA and identified SLAs

- Ensure availability of all enquiry reports as per standard guidelines for the consumption of regulatory authorities and other internal & external governing bodies

- Review final orders as per DoA; present to the Disciplinary Authority; as applicable

- Ensure recovery of losses from culprits and fraudsters within the available legal framework

- Deliver responsibilities as Chair of Fraud committee and member of Disciplinary committee, Sexual Harassment Panel, Whistle-blower committee and other such committees where CVO presence is mandated

- Serve as the point of contact for media, police department, CBI, RBI and other such applicable statutory bodies; as required

- Ensure that the employees within the firm maintain the highest standards of professional conduct, ethics, integrity, and control in execution of all their daily operations

Customer :

- Ensure adherence to TAT of crime assessments, investigations, submission of reports to regulatory bodies

- Monitor closure of background verification of new joinees within defined timelines.

Desired Qualification : Master's Degree; with a diploma/degree in law preferably

Desired Experience :

- Candidates with 14+ years of experience, preferably in BFSI/Telecom/FMCG industries

- Should have handled cross functional investigations, managed corporate relationships with senior officers in administration across the country

Functional Knowledge & Skills :

- Candidate should have set up Risk/Fraud Control Units, and set up networks relating to R/FCU

- Must have reported to Audit Committee/Risk Committee at Management Level

- Should bring resource with strong investigation skills on-board

- Ability to conduct high level investigations and report judiciously