Senior Risk & Compliance Professional (Leading BFSI)

Impact HR Services Pvt.Ltd
  • Mumbai
  • Confidential
  • 10-20 years
  • 06 May 2015

  • Risk Management, Operations

  • Financial Services/ Capital Markets, Banking - Retail
Job Description

The position reports directly reports to the Head Risk & Compliance Asia, CEO & Country Head.

Job Description:

Key job responsibilities include,

* 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.

Competencies/Skill sets for this job

Risk & Compliance Business Operations Process Reviews

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About Organisation

Impact HR Services Pvt.Ltd