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Bajaj FinservEmployer profile

Cluster Manager - Compliance

Location not specified · 6–7 yrs

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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
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