Objectives of this role
- Developing, implementing and enforcing procedures and policies to ensure the organisation's compliance with industry and government regulations.
- Consistent risk assessments to recognise areas where the company might be vulnerable to non-compliance.
- Working with other departments in the company, such as the legal, human resources and finance departments, to ensure compliance of all departments.
- Detail the specific tasks the employee will perform:
- Developing and implementing compliance programs and policies.
- Creating and maintaining internal controls and auditing processes.
- Conducting compliance risk assessments and identifying potential vulnerabilities.
- Providing training and education to employees on relevant regulations and procedures.
- Monitoring and investigating compliance issues and implementing corrective actions.
- Collaborating with external auditors and various departments.
- Staying informed on industry trends, regulatory changes, and best practices.
- Managing reporting and escalation of compliance issues to senior management.
Required skills and qualifications
- A bachelor's degree in finance, law, business administration or a related field.
- Thorough knowledge of the industry standards, laws and regulations in India.
- Demonstrable experience in compliance and risk management.
- Knowledge of financial crime and anti-money laundering regulations.
- Familiarity with developing and executing compliance management techniques.
- Experience in conducting audits and investigations and providing relevant strategies.
