Head - Compliance - Banking

Head - Compliance

We are seeking a CEO/Head Of Compliance ( Banking ) for our prestigious client.

Cost to Company ( CTC ): Min: 50.00 LPA to Max: 70.00 LPA

Roles and Responsibilities : This is a full-time on-site role in Mumbai for a Head of Compliance. The Head of Compliance will be responsible for day-to-day tasks associated with compliance management, regulatory compliance, legal compliance, and staying up-to-date with regulations. The Head of Compliance will also be responsible for the analytical skills required for the role.

Company Overview :

- Established in 2017, the Company is a dynamic and regulated organization under SEBI, RBI, and IFSCA. Initially focused on a single line of business, the firm has diversified into four distinct ventures within the Asset Servicing Business. company specializes in meticulously crafted financial solutions catering to offshore investment managers, Institutional Investors, and accredited investors, and offers consultancy services to both offshore and onshore asset managers. Presently, the firm manages assets under servicing worth USD 3.7 billion. Our clearing business confirms on an average 13.2 lac trades per day, with 4.73 lac crores of notional value trades.

- The company has a team of overall 90 employees, our Head Office is located in Mumbai (offices location Prabhadevi and Worli), and additional offices in GIFT city.

- Our robust presence in GIFT city sets us apart, as one of the pioneering companies with a dedicated team, holding an ancillary service license. This license enables us to offer comprehensive fund administration services encompassing investor onboarding, Fund Accounting, Structuring, Compliance, and advisory on set-ups. We take pride in being the largest GIFT City Administrator, managing substantial assets through GIFT City, and being among the initial recipients of Ancillary Services. Additionally, the Company is in the process of setting up an office in Dubai (DIFC), further expanding our global footprint.

Job Title : Head Of Compliance.

Location : Mumbai

Reporting To : Directors

Job Summary : As the Head of Compliance, you will be the key driver of the organization's vision, strategy, and overall success. In this leadership role, you will oversee all aspects of the company, with a particular emphasis on guiding the Compliance business, ensuring adherence to regulatory frameworks, and promoting a culture of ethical business practices.

Strategic Leadership :

- Develop and execute the company's strategic plan in alignment with the vision and goals set by the Board of Directors.

- Provide visionary leadership and foster a culture of innovation, collaboration, and excellence.

Compliance Oversight :

- Directly supervise the Compliance team to ensure strict adherence to IFSCA, SEZ, SEBI AIF, Ancillary Services, PMS Guidelines, and other relevant regulations.

- Stay informed about changes in regulatory landscapes and guide the organization accordingly.

Corporate Governance :

- Develop and implement robust corporate governance practices.

- Work closely with the team to ensure business development and operational deliveries across segments.

Legal Affairs :

- Oversee the drafting, review, and execution of contracts, Non-Disclosure Agreements, Master Service Agreements, Licensing Agreements, and other legal documents.

Stakeholder Management :

- Build and maintain strong relationships with key stakeholders, including regulatory authorities, to ensure smooth operations and address concerns proactively.

Risk Management :

- Mitigate legal and regulatory risks by providing clear guidance to the Compliance and Operating teams.

- Implement an effective compliance risk framework at the organizational level.

Financial Leadership :

- Collaborate to ensure sound financial management and sustainable growth.

Team Development :

- Foster a positive and inclusive work environment, attracting top talent and promoting professional development.

- Inspire and lead the executive team to achieve company goals.