Head - Risk & Compliance - LLB - BFSI

Impact HR Services Pvt.Ltd
  • Mumbai
  • Confidential
  • 10-20 years
  • 144 Views
  • 28 Jun 2015
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  • Operations

  • Financial Services/ Capital Markets
Job Description

Position Details: Responsible for the implementation and enforcement of the Risk & Compliance and Professional Standards for India. Will report to the Asia Chief Risk & Compliance Officer, implement and enforce Risk & Compliance and Professional Standards efforts for the company.

KRAs & Specific Roles:

- Responsible for the support and implementation of Risk & Compliance efforts for the company and promotion of an ethical and legally compliant business culture. Partner with senior management and regional compliance teams to achieve desired compliance results.

- Is accountable for ensuring participation and execution of compliance standards in the areas of Compliance policy enforcement, Professional Standards, Client Service Agreements, Errors & Omissions (E&O), and Learning (HR).

- Actively participates on appropriate executive, leadership, and/or operating committees, so as to ensure the Risk & Compliance function is integrated with business operations.

- Responsible of managing regulatory relationship with and reporting to local bureaus across China.

- Responsible for conducting process reviews with members of the local office and/or department compliance network to ensure transparency processes and procedures are effectively implemented and utilized.

- Responsible for ensuring all TPP submissions, renewals and payments comply with company policy and procedure; ensure on time submission and renewal.

- Interpret regulations/directives and global/regional policies; and develop procedures, policies, processes and training to support the compliance function in conjunction with all internal and external standards and regulations and communicates and executes within the country/practice.

- Authorized to investigate all compliance and procedural issues including recommendations to the Risk and Compliance committees for consequences of potential non-compliance based on facts identified through the investigation process under auspices of Internal Review & Response.

- Provides input to senior operational leadership on the status of compliance, transparency, and overall professional liability performance of colleagues.

- Responsible for implementing an effective E&O network and ensuring effective processes exist to address E&O Prevention (Pre Loss) and Mitigation (Early Intervention Committee Reviews Oversight).

- Partners with E&O coordinator in triaging, investigating, mitigating, and closing claims as well as assisting in reviewing claims history, identifying trends, and developing awareness education to avoid repeatable incidents.

Member of India Risk & Compliance committee or any similar effort of the company.

- LLB with 10 - 20 years industry experience. Have Operational brokerage experience from advisory, placement or consulting organisations.

- Has the ability to work well within a matrix organization. Process improvement training for identification of areas to create greater efficiency; and the ability to drill down to root causes, develop solutions, and lead process change.

- Aptitude and attitude for Risk & Compliance, ethical behavior and avoiding conflicts of interest demonstrated by personal integrity and accountability.

- Continued training in Professional Standards and Compliance so as to serve as subject matter expert in area of responsibility.

- Works collaboratively and collegially with all operational colleagues to be a partner so Risk & Compliance becomes a differentiation in serving our clients and is a competitive advantage for the company.


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Impact HR Services Pvt.Ltd