Overview
Key Responsibilities :
– To establish and manage a robust Compliance Program to commensurate with the Business strategies of the Organization through the below activities:
– Review and disseminate all applicable regulatory guidelines, with clear analyses of impacts, actions to be taken and timelines to the relevant units.
– Examine relevant regulatory aspects while approving Products and Processes
– Ensure the policies of the organization are in line with the regulatory requirements
– Provide guidance and recommendation for corrective actions as appropriate
– Recommend solutions to Compliance Related matters
– Frequent interactions with Business to identify Compliance gaps and ensure resolution of the same.
– To identify Compliance Risks on an ongoing basis, carry out periodical Compliance Risk Assessment
– Design Compliance Monitoring Program basis the Compliance Risk Assessment to enable ongoing monitoring and enable the functions to be at satisfactory level
– Manage and coordinate compliance audits and inspections by regulatory authorities, ensuring timely responses and corrective actions.
Regulatory liaising and carry out following activities:
– Vetting of correspondences / compliances before submitting to regulators
– Coordination with Departments and Regulators during regulatory inspections
– Timely submission of data as sought by regulators
– Dissemination of inspection reports, collation of compliance, validation of compliance, reporting to Board / Board Committee
– Provide compliance training and awareness programs to employees and stakeholders.