Lead - Compliance

    

Job Purpose  
The Compliance Analyst plays a crucial role in ensuring that organizations adhere to legal standards and internal policies. In their work, they may examine practices and policies within the business, identify areas where they are out of compliance, and offer suggestions for how to make necessary modifications.    

Duties and Responsibilities  
Compliance testing and product reviews

Compliance Function plays a central role in identifying the level of Compliance risk in the organization. The compliance function comprises of Regulatory correspondence team, Advisory team and Compliance Monitoring & Testing (CMT) team & Data Analytics Team. The incumbent will principally be accountable to provide for Data Analytics team team.

 Lead team of 4 data analyst for preparing reports/dashboard by collecting, analysing, and summarizing information.

 Support Compliance & Testing team in regular reviews to ensure compliance with regulatory standards.

 Collaborating with Compliance team to establish compliance procedures.

 Identifying discrepancies in collected data and suggesting possible solutions.

 Creating dashboard for exception report for ongoing monitoring.

 Supporting compliance team for validating the RBI data before submission.

 Preparing and presenting reports on compliance activities and issues.

 Developing know-how and staying informed about regulatory developments within the industry.    

Key Decisions / Dimensions  

 BFL is a fast-paced growing organization with almost 96 + products. The business processes are changing at a very fast pace, so it is important to keep oneself updated and track it basis regulatory development.

 The compliance requirements are complex and ever evolving hence the need for constant learning and keeping updated of regulatory developments    

Major Challenges  

 BFL is a fast-paced growing organization with almost 96 + products. The business processes are changing at a very fast pace, so it is important to keep oneself updated and track it basis regulatory development.

 The compliance requirements are complex and ever evolving hence the need for constant learning and keeping updated of regulatory developments    

Required Qualifications and Experience  
Educational Qualifications

 Data analytics skills & strategic planning skills

 Critical thinking and problem-solving skills

 Understanding of regulatory frameworks

 Requirements analysis

 Attention to detail.

 Ability to embrace complexity.

 Communication and presentation skills

 Knowledge of basic SQL

 Team Management

 Stakeholder Management
Work Experience

 Bachelor degree with minimum 10-12 years of relevant work experience

 Certification in data analytics is required