Details of the Organization

Finvasia is a diverse, multinational organization with a presence in financial services, technology, real estate, and healthcare sectors. Over the past 13 years, they've managed funds for renowned hedge funds, pioneered commission-free trading in India, provided cutting-edge technology solutions globally, and developed innovative healthcare programs and devices.

Their brands, including Fxview, Shoonya, and Gini Health, serve millions of clients in 180+ countries. With a team of over 350 employees across India, UK, Greece, Cyprus, Canada, and USA, they foster diversity and inclusion as an equal opportunity employer.

Details of the Job/Internship

Finvasia, based in Mohali, is hiring a VP - Compliance. This role entails overseeing and ensuring compliance with regulatory requirements and internal policies. Ideal candidates should have a strong background in compliance management within the financial services industry. Apply now to join their dynamic team!

Role and Responsibilities

Key Responsibilities: 

 Regulatory Compliance: 

• Stay up-to-date with the latest laws, regulations, and industry guidelines to ensure the institution's practices are in line and in compliance with current requirements. 
• Interpret and communicate regulatory changes to relevant stakeholders within the organisation. 
• Develop and maintain compliance policies and procedures that align with applicable regulations. 

Monitoring and Reporting: 

• Conduct periodic compliance reviews and risk assessments to identify potential gaps and areas for improvement. 
• Analyse and assess the institution's adherence to regulatory requirements and internal policies. 
• Prepare reports on compliance findings and share them with Senior Management and Regulatory authorities. 

 Training and Education: 

• Provide training to employees on compliance-related matters to promote a culture of compliance throughout the organization. 
• Conduct workshops or seminars to ensure staff members understand their responsibilities and obligations under the law. 

Compliance Investigations: 

• Investigate and respond to compliance-related issues, such as customer complaints, suspicious activities, or potential breaches. 
• Collaborate with internal audit and legal teams to address and resolve compliance incidents. 

Risk Management: 

• Work with the risk management team to identify and assess compliance risks and develop strategies to mitigate them. 
•  Assist in developing contingency plans for potential compliance-related emergencies. 

 Regulatory Filings and Documentation: 

• Prepare and submit required regulatory filings and reports accurately and within specified deadlines. 
• Maintain comprehensive documentation of compliance activities, reports, and other relevant records. 

External Liaison: 

• Serve as the primary point of contact for regulatory agencies during compliance examinations and audits. 
• Foster positive relationships with Statutory Auditors, external auditors, regulators, and other industry stakeholders. 

Ethics and Code of Conduct: 

• Ensure the institution's adherence to its ethical code of conduct and promote ethical behaviour within the organization. 

Eligibility

Required Skills and Qualifications: 

• Bachelor's degree in finance, business, law, or a related field (advanced degrees or certifications in compliance are a plus). 
• In-depth knowledge of banking/ NBFC regulations, including but not limited to anti-money laundering (AML), 
• Bank Secrecy Act (BSA), Know Your Customer (KYC), Consumer Financial Protection Bureau (CFPB) rules, etc. 
• Strong analytical and problem-solving skills to assess compliance risks and find appropriate solutions. 
• Excellent communication and interpersonal abilities to interact with stakeholders at various levels of the organization. 
• Attention to detail and ability to maintain accurate records and reports. 
• Sound judgement and decision-making skills to handle complex compliance issues. 
• Experience in regulatory compliance or a related field within the banking industry is highly desirable.

Salary/Stipend

The salary will be discussed with the candidate itself.

Type of Opportunity

Fulltime

Country

India

State

Punjab

City

Mohali

Address

Mohali, Punjab