Senior Manager - Legal, Risk & Compliance - India

Ascensus Global Services India LLP

Chennai

On-site

INR 5,000,000 - 9,000,000

Full time

5 days ago

Be an early applicant

Get a reply from this employer

Your resume and cover letter, tailored to exactly what they’re hiring for.

Get past ATS filters

Benefits offered by this job

Professional development

Tuition reimbursement

Medical, dental & vision benefits

401(k) & other savings plans

Job summary

Ascensus, a leading technology and service platform, seeks a senior leader to oversee legal, risk & compliance for its Global Capability Center in India. You will guide regulatory advisory, risk management programs, and compliance initiatives while aligning with US parent policies and global standards.

Reporting to the Director - Legal, Risk & Compliance, you will build and mentor a high-performance team. The role requires deep knowledge of Indian financial regulations, strong stakeholder

Qualifications

Master’s degree in finance, risk management, business administration, or related field.
Professional certifications such as CRMP, FRM, PRM preferred.
Minimum of 12+ years of relevant experience in legal, risk, and compliance roles, ideally within a multinational or GCC environment.
Deep understanding of Indian financial regulations (RBI, FEMA, Companies Act, Tax laws etc.).
Experience working with or for US-based multinational corporations; familiarity with the U.S compliance standards (FCPA, SOX) is highly desirable.
Strong communication and stakeholder management skills.
Demonstrated ability to lead and influence at all levels of the organization.

Responsibilities

Regulatory Advisory and Organizational Management.
Draft, review, and negotiate a wide range of contracts, including vendor agreements, employment contracts, service agreements, and NDAs.
Notify the Board and/or senior management on legal issues impacting company’s operations and regulatory requirements.
Manage and coordinate with external legal counsel on regulatory matters, litigation and dispute resolution, if any.
Stay abreast of changes in Indian laws and regulations relevant to financial services.
Develop, implement, and oversee risk management strategies to identify, assess, and mitigate legal, regulatory, operational, and reputational risks.
Lead regular risk assessments across business units to identify current and emerging risks, ensuring comprehensive risk registers are maintained and updated.
Collaborate with cross-functional teams to embed risk management practices into day-to-day operations.
Develop and deliver risk management training programs for employees at all levels.
Promote a culture of risk awareness and continuous improvement.
Lead the design, implementation, and monitoring of compliance programs in accordance with Indian law, US parent company policies, and global standards.
Develop and deliver training programs to raise awareness of compliance obligations among employees.
Conduct internal investigations into potential compliance breaches and recommend corrective actions.
Ensure timely and accurate regulatory filings and reporting.
Develop and maintain robust internal policies, procedures, and controls.
Support the Board and leadership in governance matters, including preparing board materials and ensuring statutory compliance.
Manage company secretarial functions, including maintaining statutory registers and records.
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
Build and lead a high-performance legal, risk, and compliance team. Mentor and develop team members, fostering a culture of integrity and continuous improvement.

Skills

Regulatory compliance

Risk management

Corporate governance

Leadership

Stakeholder management

Contract negotiation

Education

Master’s degree in finance, risk management, business administration or related field

CRMP, FRM, PRM certifications

Job description

Ascensus is the leading independent technology and service platform powering savings plans across America, providing products and expertise that help nearly 16 million people save for a better today and tomorrow.

Section 1: Position Summary

As a key member of the LRC Department, this position will be responsible for overseeing all legal and regulatory matters, development and implementation of risk management functions, and compliance initiatives for Global Capability Center (GCC) in India. This leadership role requires extensive expertise in Indian financial regulations, U.S. laws and customs, strong managerial capabilities, and a strategic mindset to ensure organizational integrity and operational resilience. This position will report to the Director - Legal, Risk & Compliance of Ascensus India with oversight from the U.S. stakeholders.

Section 2: Job Functions, Essential Duties and Responsibilities

Regulatory Function

Regulatory Advisory and Organizational Management.

Draft, review, and negotiate a wide range of contracts, including vendor agreements, employment contracts, service agreements, and NDAs.
Notify the Board and/or senior management on legal issues impacting company’s operations and regulatory requirements.
Manage and coordinate with external legal counsel on regulatory matters, litigation and dispute resolution, if any.
Stay abreast of changes in Indian laws and regulations relevant to financial services.

Risk Management

Develop, implement, and oversee risk management strategies to identify, assess, and mitigate legal, regulatory, operational, and reputational risks.
Lead regular risk assessments across business units to identify current and emerging risks, ensuring comprehensive risk registers are maintained and updated.
Collaborate with cross-functional teams to embed risk management practices into day-to-day operations.
Develop and deliver risk management training programs for employees at all levels.
Promote a culture of risk awareness and continuous improvement.

Compliance Function

Lead the design, implementation, and monitoring of compliance programs in accordance with Indian law, US parent company policies, and global standards.
Develop and deliver training programs to raise awareness of compliance obligations among employees.
Conduct internal investigations into potential compliance breaches and recommend corrective actions.
Ensure timely and accurate regulatory filings and reporting.
Develop and maintain robust internal policies, procedures, and controls.

Corporate Governance

Support the Board and leadership in governance matters, including preparing board materials and ensuring statutory compliance.
Manage company secretarial functions, including maintaining statutory registers and records.
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.

Supervision

Build and lead a high-performance legal, risk, and compliance team. Mentor and develop team members, fostering a culture of integrity and continuous improvement.

Section 3: Experience, Skills, Knowledge Requirements

Education: Master’s degree in finance, Risk Management, Business Administration, or related field.
Professional certifications such as CRMP, FRM, PRM, are preferred.
Minimum of 12+ years of relevant experience in legal, risk, and compliance roles, ideally within a multinational or GCC environment.
Deep understanding of Indian financial regulations (RBI, FEMA, Companied Act, Tax laws etc.).
Experience working with or for US-based multinational corporations; familiarity with the U.S compliance standards (FCPA, SOX, etc.) is highly desirable.
Strong communication and stakeholder management skills.
Demonstrated ability to lead and influence at all levels of the organization.

For all virtual remote positions, in order to ensure associates can effectively perform their job duties with no distractions, we require an uninterrupted virtual workspace and there is also an expectation of family care being in place during business hours. Additionally, there is an internet work speed requirement of 25 Mbps or better for individual use. If more than one person is utilizing the same internet connection in the same household or building, then a stronger connection is required. If you are unsure of your internet speed, please check with your service provider. Note: For call center roles specifically, it is a requirement to either hardwire your equipment directly to the internet router or ensure your workstation is in close proximity to the router.

We are proud to be an Equal Opportunity Employer.

Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment.

What makes any career at Ascensus so rewarding?