Manager - Compliance

Godrej Capital Limited; Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Godrej Capital Limited is seeking a Compliance professional to assist in planning and executing annual compliance testing, monitoring monthly and quarterly plans, and reporting to senior management. You will review regulatory returns, identify gaps, and collaborate with Compliance, Credit, CX, Ops, Product and tech teams to ensure adherence to RBI/NHB guidelines.

You will also lead root-cause analyses, develop remediation actions, and support regulatory inspections while gaining a deep

Responsibilities

• Assist in preparing annual compliance testing plan for senior management
• Review and Track monthly & quarterly plans/scope and update senior compliance leadership on progress
• Provide detailed report to Compliance senior management on a regular basis of the review conducted in a month and critical gaps identified during the review along with status
• Review the testing checklists required for the review for each regulated business
• Review loan book, regulatory returns and other information submitted to RBI / NHB
• Develop solutions to address specific challenges faced by the business units in regulatory compliance matters including impact assessments
• Develop a comprehensive understanding of Company’s business, systems, Policies and processes.
• Acquire in-depth process understanding for planned audits, including processes, systems involved, data flow, and datasets.
• Formulate queries, lead process walkthroughs with key business stakeholders and document the outcome with thorough identification of risks and controls.
• Drives and understand root cause of the observations and ensureimplantation of corrective actions.
• Co-ordinate/Collaborate with various verticals such as Compliance, Credit, CX, Ops, Product and tech teams for ensuring overall compliance framework
• Assess the loan journeys, internal tech journeys and developments to ensure adherence to regulatory guidelines and internal policies/processes
• Carry out Annual Compliance Risk assessment and mitigation actions
• Assist the Compliance leadership in providing updates to senior management on the critical compliance issues for immediate attention and escalations
• Provide constant support during regulatory inspections
• To act as a bridge between Internal Audit/Regulators and Business to follow up on IA recommended action closures by business units

Job description

• Assist in preparing annual compliance testing plan for senior management
• Review and Track monthly & quarterly plans/scope and update senior compliance leadership on progress
• Provide detailed report to Compliance senior management on a regular basis of the review conducted in a month and critical gaps identified during the review along with status
• Regulatory Compliance
• Review the testing checklists required for the review for each regulated business
• Review loan book, regulatory returns and other information submitted to RBI / NHB
• Develop solutions to address specific challenges faced by the business units in regulatory compliance matters including impact assessments
• Develop a comprehensive understanding of Company’s business, systems, Policies and processes.
• Acquire in-depth process understanding for planned audits, including processes, systems involved, data flow, and datasets.
• Formulate queries, lead process walkthroughs with key business stakeholders and document the outcome with thorough identification of risks and controls.
• Drives and understand root cause of the observations and ensure
• implantation of corrective actions.
• Co-ordinate/Collaborate with various verticals such as Compliance, Credit, CX, Ops, Product and tech teams for ensuring overall compliance framework
• Systems/Journeys
• Assess the loan journeys, internal tech journeys and developments to ensure adherence to regulatory guidelines and internal policies/processes
• Identification, Reporting and Mitigation of Compliance Risks
• Carry out Annual Compliance Risk assessment and mitigation actions
• Assist the Compliance leadership in providing updates to senior management on the critical compliance issues for immediate attention and escalations
• Regulatory Inspections/Audits
• Provide constant support during regulatory inspections
• To act as a bridge between Internal Audit/Regulators and Business to follow up on IA recommended action closures by business units