Lead - Compliance Advisory - NBFC

Lead- Compliance Advisory

Overview:

As the Vice President/DVP of Risk and Compliance at our NBFC, you will play a crucial role in ensuring that the company operates within the regulatory framework and manages risks effectively. This leadership position requires a seasoned professional with extensive experience in risk management, compliance, and regulatory affairs within the financial sector.

Key Responsibilities:

Risk Management:

- Develop and implement comprehensive risk management strategies and policies to identify, assess, and mitigate risks associated with NBFC operations.

- Conduct regular risk assessments and stress tests to evaluate the company's exposure to various financial, operational, and regulatory risks.

- Collaborate with cross-functional teams to establish risk tolerance levels and ensure compliance with internal risk policies.

Compliance Oversight:

- Stay abreast of regulatory developments and ensure the company's compliance with all applicable laws, regulations, and guidelines.

- Design and implement compliance programs to monitor and enforce adherence to regulatory requirements.

- Coordinate with legal and regulatory affairs teams to address compliance issues and implement corrective actions.

Policy Development:

- Formulate and update policies and procedures to align with changing regulatory requirements and industry best practices.

- Ensure that employees are well-informed about compliance policies through training programs and communications.

Audit and Internal Controls:

- Oversee the internal audit function, ensuring that audits are conducted in accordance with established standards and timelines.

- Implement and maintain robust internal controls to safeguard the company's assets and ensure accuracy of financial reporting.

Reporting and Documentation:

- Prepare and present regular reports to senior management, the board of directors, and regulatory authorities on the company's risk profile and compliance status.

- Maintain accurate and up-to-date documentation of policies, procedures, and compliance activities.

Cross-functional Collaboration:

- Collaborate with other departments, such as finance, operations, and legal, to ensure a holistic approach to risk management and compliance.

- Provide guidance to business units on compliance matters and support the implementation of risk mitigation strategies.

Qualifications and Requirements:

- A bachelor's degree in finance, business, law, or a related field. A master's degree or relevant professional certifications (e.g., CRCM, CAMS, FRM) is highly desirable.

- Extensive experience (typically 10+ years) in risk management and compliance roles within the financial services industry, with a focus on NBFC operations.

- Strong understanding of relevant financial regulations, industry standards, and best practices.

- Excellent leadership and communication skills with the ability to influence and collaborate across different functional areas.

- Analytical mindset with the ability to assess complex risks and provide strategic recommendations.

- Joining our dynamic team as the Vice President of Risk and Compliance provides an exciting opportunity to contribute to the success and sustainability of our NBFC through effective risk management and regulatory compliance.