Prepare detailed compliance requirements of various circulars and guidelines issued by the regulators, assist in issuing compliance guidelines and verify their compliance on periodic basis,
- Assist & set-up development and providing clearance to various policies & SOPs of organization and ensure that Policy Compliance is being done on periodic basis,
- Evaluate various circulars / products / processes across the Company to assess the compliance risk at the Company level and at Business Unit /Support Unit level.
- Ensure submission of all off-site compliances to RBI by working with internal stakeholders,
- Ensure set-up of conduct of business regulations which includes FPC & KYC-AML Compliance,
- Work with Product, Tech & Ops team on various initiatives such as product clearance and digital initiatives,
- Work with control stakeholders such as Compliance Testing unit, Internal Auditors, Statutory Auditors and Regulators and resolve any and all issued which may come up,
- Ensure compliance with requirements under corporate agency,
- Be a SPOC in all regulatory inspections and ensure compliance under it & assist in providing certifications to the regulators,
- Maintain a broad knowledge of the business and regulatory framework for NBFCs and stay aware of the latest regulatory developments within the industry through Networking with peers across banks.
- Conduct periodic reviews of the compliance department in line with the regulatory requirements.
- Explain the circulars / guidelines to the Business / Support Units wherever required to increase their understanding about the regulatory guidelines,
- Drive the compliance culture and agenda within the Organization,
- Support the compliance head and the team members in executing specific projects / work assignments.