Lead - Compliance

Location Name: Pune Corporate Office - PTP

Job Purpose

Compliance testing Lead a team for Compliance testing of various products and processes. Develop a compliance testing plan, determine scope & testing methodology, lead a team for execution, discuss & obtain responses with action plan and present the results to Senior Management.

Duties And Responsibilities

Compliance testing and product reviews

Compliance Function plays a central role in identifying the level of Compliance risk in the organisation. The compliance function comprises of Regulatory correspondence team, Advisory team and Compliance Monitoring & Testing (CMT) team. The incumbent will principally be accountable to lead the CMT team.

The CMT team is responsible for testing and evaluating the effectiveness of internal controls, policies, procedures, and processes designed to meet regulatory requirements.

Key Responsibilities

•  Build an annual plan for Compliance testing reviews of various products and processes considering regulatory risks and feedback from Senior Management.
•  Develop testing procedures and train the team to carry out such procedures.
•  Determine scope and lead a team to perform compliance testing.
•  Discuss the results with Business Heads and provide recommendations as necessary
•  Obtain responses with action plan and timelines.
•  Present the results to Senior Management.
•  Track actionables for appropriate closure.
  
  
  

Key Decisions / Dimensions

•  Specific area prioritization during field work in terms of what areas to focus on and what testing approach to be used.
•  Deciding the approach for data analysis; what sample size to take and how to analyse the data.
  
  
  

Major Challenges

•  BFL is a fast-paced growing organization with almost 90 + products. The business processes are changing at a very fast pace, so it is important to keep oneself updated and in fact, try to think ahead of the business.
•  The compliance requirements are complex and ever evolving hence the need for constant learning and keeping updated of industry developments
  
  
  

Educational Qualifications

Required Qualifications and Experience

•  CA /MBA Fin with 0-3 years of experience
•  Understanding of business processes and regulatory requirements
•  Analytical and communicating skills
•  Ability to learn and implement at a fast pace