Bajaj FinservEmployer profile

Cluster Manager - Compliance

Location not specified · 6–7 yrs

Experience: 6–7 yrs
Salary: Not disclosed
Location: Location not specified
Work mode: Not specified
Job type: Full-time
Apply by: Closing date not listed
Posted: 14 Mar 17

About this role

Job Purpose

Lead the Integrated Compliance Framework (ICF) team and perform LHS-RHS activity with respective stakeholders including COEs, Business Compliance and horizontal support functions.

Closely work with CDI and CMT teams within compliance.

Validate and confirm closure of LHS-RHS response in compliance system.

Duties And Responsibilities

Major Activities carried out by the role

Major Activity 1
Lead and perform LHS-RHS activity closed for all required circulars and guidelines issued by regulators (Mainly IRDA).
Create and execute annual LHS-RHS activity plan for all master circulars and guidelines.
Work closely Businesses, COEs, Horizontal support functions for closure of LHS-RHS activity and become compliant for all guidelines issued by various regulators.
Major Activity 2
Engage and work closely with Businesses, COEs, Horizontal support functions to become compliant on all LHS points for various guidelines issued by regulators.
Engage and work closely with sub functions within compliance unit (eg. CMT, CDI, advisory team etc)
Engage with seniors and key stakeholders
Major Activity 3
Publishing reports on ICF activities
Track and moderate closure of ‘No’ items with respective stakeholders

Key Decisions / Dimensions

Engagement with all HODs / Sr. Management for running and closing LHS-RHS activity across PPGs and horizontal functions.

Continuous engagement and work with key horizontal functions like risk, finance, fpc etc.
Engagement with CDI team for tool development

Major Challenges

Maintaining timeline of LHS-RHS for multiple guidelines by multiple regulators (IRDA, NPCI and UDAI.

Initial challenges with Compliance tool, as it is new and yet to be completely developed and maintained.
Very high expectation from the role.
New and big team

Required Qualifications And Experience

Qualifications
CA with 6-7 years’ experience in banking industry
Additional certifications in banking and Compliance like CIA / CISA / CAIIB are preferred
Strong domain knowledge of RBI requirements related to retail assets, liabilities, payments, etc in BFSI sector is required
Work Experience
6 to 7 years of experience in Banking and finance industry in Compliance / operations / audit functions.
Expertise in understanding of regulatory requirements specifically from IRDA.
Strong domain knowledge of RBI requirements related to retail assets, payments, etc in BFSI sector is required Relevant experience in content creation
Skills Keywords
Excellent communication skills and presentability
Demonstrate leadership, negotiation, communication and audit/ compliance management skills in order to handle CDI team activities and engage with Senior Management
Develop rapport with Business teams for adding value through compliance recommendations.
Bring new knowledge on board and keep updated with rapidly changing business environment.
Constantly challenge status quo for bringing value addition

Skills

Legal