TORQ - Head - Compliance

1. Compliance Strategy: Develop and implement a comprehensive compliance strategy aligned with the company's goals and objectives, taking into consideration regulatory changes and industry best practices.

2. Regulatory Compliance: Ensure strict adherence to all regulatory requirements, guidelines, and directives issued by the relevant authorities and regulatory bodies.

3. Policy Development: Oversee the creation, revision, and implementation of compliance policies and procedures to ensure they are in line with changing regulations and industry standards.

4. Risk Assessment: Conduct regular risk assessments to identify potential compliance risks including compliance risk, reputation risk, environment risk etc and develop mitigation strategies to prevent violations.

5. Training and Awareness: Establish and maintain a compliance training program for employees at all levels, ensuring they are well-informed about compliance requirements and expectations.

6. Reporting and Monitoring: Implement robust monitoring and reporting mechanisms to track compliance activities, report violations, and recommend corrective actions.

7. Internal Controls: Implement and maintain effective internal control systems to ensure compliance with internal policies and external regulations.

8. External Relationships: Serve as the primary point of contact for regulatory agencies and external auditors, facilitating inspections and examinations as required.

9. Ethical Conduct: Promote a culture of ethics and integrity throughout the organization, emphasizing the importance of compliance with applicable laws and regulations.

10. Incident Response: Develop and maintain an incident response plan to address compliance violations and ensure timely resolution, reporting, and communication to relevant stakeholders.

11. Monitoring Industry Trends: Stay informed about emerging trends, best practices, and changes in regulatory requirements within the Commodity trading and banking industry.

12. Senior Management Reporting: Regularly report compliance performance and issues to the senior management and the Board of Directors, highlighting areas of concern and improvement.

13. KYC and Onboarding Procedures: Experience in KYC onboarding process of Banks.