Deputy Compliance Manager

ERGO Technology & Services; Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

ERGO Technology & Services in Mumbai seeks a Deputy Manager – Compliance to support the compliance framework, monitor local statutory requirements, and coordinate with group compliance on GDPR, DORA, and AI regulations. The role emphasizes meticulous record-keeping and reporting to management.

The candidate should have strong analytical abilities and experience in compliance, risk management, or auditing within financial services, IT, or related sectors.

Qualifications

• Knowledge of local statutory/regulatory requirements for IT sector.
• Willing to learn GDPR, DORA, AI regulations of the EU.

Responsibilities

• Monitor changes in local legal & regulatory requirements.
• Ensure compliance with applicable laws, regulations and standards.
• Advise on regulatory changes and required actions.
• Maintain policies and procedures to ensure regulatory compliance.
• Review internal policies and identify actions to implement policy.
• Update the compliance checklist for each business function.
• Monitor adherence levels and report outcomes to the manager.
• Assist the team as advised by management.

Skills

Compliance management

Risk management

Auditing

IT regulatory knowledge

Job description

Role Description:

• The Deputy Manager – Compliance is responsible for supporting the implementation, monitoring, and continuous improvement of the compliance framework.
• Must have knowledge of all local statutory / regulatory requirements applicable to IT sector & willing to learn and deploy the Regulations of European Union such as GDPR, DORA, AI.
• Will be responsible for monitoring and documenting compliance assessments and liaising with Group compliance team whenever required.
• Maintaining the Compliance checklist for each business function and reviewing the compliance adherence levels.
• Reporting to Local and Group colleagues and assisting the team in preparation of reports.
• Should also have strong analytical thinking skills and be able to maintain meticulous records of issues/risks and compliance activities.

Key Accountabilities & Responsibilities:

• Monitoring local legal ecosystem to identify and assess changes in the statutory / regulatory requirements.
• Ensuring compliance with applicable laws, regulations, and standards.
• Support the Compliance Officer in advising the organization on regulatory changes and necessary actions.
• Assist maintaining policies and procedures to ensure compliance with regulatory requirements Job Description.
• Review the internal policies and identify the actionable to effectively implement the policy.
• Updation of the Compliance checklist for each business function.
• Monitoring of changes in local legal & regulatory requirements and ensuring compliance.
• Review of adherence levels of Norms (Company Policies, Guidelines etc) and sharing of outcomes with the Reporting Manager.
• Assisting the team as and when advised by the Management team and Reporting Manager.

Knowledge of following such as topics is preferred:

• Bribery / corruption
• Antitrust
• Fraud Prevention
• Anti-Money Laundering
• Financial Sanctions
• FATCA/CRS

From 2nd Line perspective: Identification and assessment of compliance risks, particularly with regard to compliance with applicable external and internal requirements.

Key Competencies & Skills required:

Technical:

• Have practical experience through an activity in the area of compliance, risk management or auditing of a financial services company, IT company, insurance company or an auditing company.
• General knowledge of the relevant regulatory requirements of an IT company, such as IT Act, Antitrust law, financial sanctions is an added advantage.
• Good knowledge of IT compliance activities.

Knowledge & Experience:

• Proven track record in the field of compliance Experience of working with any IT firm/financial services industry in the compliance department.
• Experience in insurance sector will be an added advantage. Experience in managing the compliance activities.
• Experience in managing multiple objectives, timelines, and deliverables.