BOB Financial Solutions invites application for the position Manager/Assistant Manager - Compliance
Job specific skills Applicants should possess the following attributes:
a. Meeting with and advising business, operations and functional teams on impact of regulatory matters. Ability to identify potential issues and proactively plan action to mitigate legal, business and financial risks. Requires expert-level working knowledge of compliances applicable to a credit card issuer and Systemically Important NBFCs.
b. Ability to partner with Business Function(s) to address their needs and drive organization wide compliances across functions. Understanding the applicability and interpretation of corporate and banking laws, legislation, rules, circulars, directions and practices. Ability to implement compliances, policies, initiatives, and programs. Keep abreast of latest developments in judicial review and applicable law(s).
Educational Qualifications : Graduate / Post Graduate / Professional Degree.
Minimum Experience: Minimum 3+ Years of experience.
Location of posting: Mumbai. The candidate may be deputed to work with the team(s) within the organization / parent organization / any subsidiary of the parent organization if and as deemed necessary. Candidate is liable to be transferred to any other location in India.
Role and Responsibilities:
1. To ensure efficient execution of the compliance program and monitoring its implementation as per compliance framework. Increase quality, effectiveness & efficiency in BFSL compliance program, including implementing/roll out of policies & procedures, other compliance initiatives including identifying key critical compliance parameters and partnering with relevant stakeholders to administer the program.
2. Advising management on issues relating to interpretation of relevant regulatory circulars/directions. Support different functions in driving Compliance and provide oversight by maintaining regular reporting and monitoring processes.
3. Monitor industry regulatory activities and other trends (external and internal) through appropriate early warning systems in order to take pre-emptive actions Dashboards/ report outs to management Supporting business functions in review of applicable policies and regulations Liaising with regulators for matters relating to interpretation of regulations/ resolving business queries/ filings, etc.
4. Leading Compliance audits/testing for the Company Monitor implementation of audit recommendations by regulators, with various functions and ensure its timely and effective closure.
5. Develop and implement a process for timely identification, escalation and resolution of compliance issues. Filing/monitoring filing of periodical reports with the regulator and BOB. Any other activity assigned from time to time.