Northern Arc Capital - Associate Vice President - Compliance

JOB OBJECTIVE

- To be responsible for compliance relating to (i) all regulatory and statutory obligations applicable to Northern Arc Capital (ii) identified sustainable development and responsible investing standards

- Be a critical connect between the regulatory/statutory bodies and the Northern Arc Capital's management and its verticals. The role entails building a compliance culture encompassing awareness, execution of business strategies in line with compliance stipulations, pro-active advice on new product/processes and escalations on actual/potential non-compliance

KEY ACCOUNTABILITIES

- Play a central role in the area of identifying the level of compliance risk in each business line, products and processes and issue instructions to operational functionaries / formulate proposals for mitigation of such risk

- Assess internal guidelines on products/processes/policies for compliance with regulatory guidelines - prior to finalization of such internal product/process/policy guidelines

- Incorporate a robust mechanism to ensure that (i) regulatory guidelines / instructions are promptly issued / disseminated within the organization. (ii) monitor compliance with the regulatory guidelines/ instructions (iii) highlight the instances of compliance failures

- Serve as a reference point for the teams from other departments for seeking clarifications/ interpretations of various regulatory and statutory guidelines

- Work in close co-ordination and partnership with other Verticals to ensure Businesses operate under the requisite stipulations advised by regulators/statutory bodies

- Monitor and test compliance by performing sufficient and representative compliance testing and the results of such compliance testing would be reported to the Senior Management

- Consider ways to measure compliance risk (e.g. by using performance indicators) and use such measurements to enhance compliance risk assessment.

- Fulfill specific statutory responsibilities (e.g. calendarizing and ensuring filing of returns to Statutory Bodies, Stock Exchange filings, fulfillment of other listing responsibilities in terms of disclosures etc.)

- Liaison for various Inspections by regulator(s) and closure of observations made

- Co-ordinate for comprehensive review and reporting on compliance issues and actions at yearly/quarterly/monthly basis as may be decided by the Board/ACB/CEO