Chief Compliance Officer - NBFC - CS (15-20 yrs)

Responsibilities:

- Ensure 100% compliance with all applicable rules, laws and regulations under NBFC regulators

- Conceptualize, design and monitor comprehensive Compliance Policy

- To ensure that the organization is in compliance with various legal & regulatory compliance requirements.

- Review and disseminate all applicable regulatory guidelines, with clear analyses of impacts, actions to be taken and timelines to the relevant units.

- Ensure the policies of the organization are in line with regulatory requirements

- Provide guidance and recommendation for corrective actions as appropriate

- Design Compliance Monitoring Program basis the Compliance Risk Assessment to enable ongoing monitoring and enable the functions to be at satisfactory level

- To conduct inquiries / investigations in response to alleged violations of rules, regulations, policies, procedures and the Code of Conduct

- To be a Nodal point for all regulators and carry out the following activities:

- On going liaising with regulators

- Ensure compliance of regulatory/ supervisory directions given by RBI in both letter and spirit in a time-bound and sustainable manner.

- Vetting of correspondences / compliances before submitting to regulators

- Coordination with Departments and Regulators during regulatory inspections

- Timely submission of data as sought by regulators

- RBI will continue to expect an effective Compliance Program where all

- Risk Mitigation Plan (RMP) / Monitorable Action Plan (MAP) points are compiled within the timelines prescribed.

- Unsatisfactory compliance with RMP/MAP may invite penal action from RBI.

- Facing RBI queries and handling RBI escalations and observations.

- Handling statutory audits by RBI independently and internal audits as well.

- To periodically report to the Management, Committees of the Board and

- the Board on the compliance matters and update periodically with the changes in the regulatory landscape and their impacts to the company

- Ensuring up-to-date knowledge of employees on the regulatory requirements

Key Competencies:

- CS with 15+ years' work experience

- NBFC Lending experience a must

- Must have dealt directly with RBI as a regulator.

- Good Liaison with RBI

- Must have managed RBI inspection for minimum of 10 years

- Must have dealt with Senior Board Members & Independent Directors in the past assignment.

- Take ownership of and strengthen the Compliance culture at the organization.