Lead - Risk & Compliance Lead - Risk & Compliance with verification
Key Result Areas
Supporting Actions
Responsible for ensuring compliance of all applicable laws and regulations
Ensuring compliance with all applicable laws throughout the organization
Obtain and maintain all required licenses/ certification as per regulations relevant for new entity set-up
Creating and maintaining a framework to manage litigation and non-litigation matters in a cost effective and risk aversive manner and taking required proactive steps in this direction
Ensure creation of standard operating practices and standard templates to reduce person dependency and to ensure continuity in operations
Periodic review of key company policies and documents having external interface to ensure plugging of legal loopholes, if any
To ensure adequate and effective mechanisms are out in place to ensure protection of the company brand and logo including trademarks and copyrights
Minimizing risks and proactively protecting the Company's legal privileges and interests
Statutory interpretation wherever there is a dead lock on any legal provision
Appraise the leadership team about legal impact and coordinate with Senior Counsels and Solicitors and obtain external opinions on need basis.
Ensure that the entire team works within the statutory framework and timelines
Facilitate Product Management and Sign Offs
Provide inputs from legal perspective so that customer interest is adequately protected while distributing products
Advising Board and Management on Corporate Laws, RBI regulations, NPCI regulations, IRDA regulations and Corporate Governance Guidelines
Keeping Board and Management updated on the applicability of the provisions of all relevant laws and regulations
Monitoring changes in relevant legislation, regulations affecting the Company, preparing suitable MIS and taking appropriate action, if required
Create, maintain and implement a comprehensive sales compliance & market conduct architecture that aims at mitigating risks pertaining to frauds/mis-selling & other market conduct and sales issues.
Create and enforce a strong consequence management system to ensure timely resolution of grievances in line with regulatory expectations and thereby acting as a business enabler
Facilitate changes to the approach and processes on the sales front through highlighting concerns/lapses arising from non-compliant and unethical sales practices
Create maintain and implement strong guidelines & framework based on Fraud and Whistle-blower Policies for conducting effective and timely investigations and resolutions and actions, including criminal actions thereafter
Effective supervision to ensure detailed compliance reviews are completed and reported
Monitor and Review actionables to minimize the repeated gaps in sales compliance of the findings submitted by the respective zones / compliance representative post the branch review and ensure that the same is timely submitted to the top management.
Corporate Secretarial Responsibilities
Serve as the custodian of corporate records, statutory books and registers, ensuring timely completion of all process formalities (filing of forms, returns; finalization of minutes, notices, agenda, registers; etc.) in line with legal and corporate governance practices
Co-ordinate board/ general meetings, including drafting and preparing Notices, Agenda, Minutes, Resolutions for the Board, Shareholders/ Committee Meetings, etc. and follow-up actions thereof
Desired Skills and Experience
Risk Management,Financial Risk,Internal Audit,Auditing,MIS
Legal Fundamentals