Overview
As the Head of Risk & Compliance, your role is crucial in identifying, assessing, and mitigating risks within the organization while ensuring compliance with regulatory requirements and aligning risk management strategies with business objectives. Your responsibilities include:
- Overseeing risk management activities encompassing operational, credit, market, and compliance risks.
- Leading the development and implementation of risk management policies and procedures.
- Liaising closely with regulatory bodies and counterparts in other LOBs to ensure compliance with regulatory requirements and industry standards.
In terms of specific responsibilities, you will be focusing on:
- **UPI and PPI Payments:**
- Leading compliance with NPCI, RBI, and related regulatory bodies governing UPI and Prepaid Payment Instruments (PPI).
- Ensuring robust controls for transaction monitoring, fraud prevention, dispute resolution, and data security in payment operations.
- Overseeing risk assessments, audits, and compliance frameworks specific to payment platforms and third-party payment providers.
- Driving continuous improvement in governance protocols and regulatory reporting related to UPI and PPI services.
- **Insurance Product:**
- Overseeing compliance with IRDAI regulations and insurance-specific risk management practices.
- Managing regulatory reporting, risk assessment, and operational controls for the insurance product lifecycle.
- Partnering with business leaders to address regulatory changes and ensure fair customer practices.
- **Investment Products:**
- Ensuring compliance with RBI, SEBI, and other authorities on investment products.
- Implementing frameworks to monitor investment risk exposure and adherence to regulatory limits.
- Coordinating periodic audits and internal controls on investment operations.
- **Loans Products:**
- Leading risk governance and compliance protocols related to loan origination, pricing, credit risk, and documentation.
- Monitoring regulatory adherence in lending practices, customer disclosures, and risk mitigation.
- **General Leadership and Governance:**
- Developing and maintaining the enterprise-wide Risk and Compliance Framework, policies, and procedures.
- Serving as the primary liaison with regulators, auditors, and internal stakeholders.
- Providing strategic risk insight and compliance guidance to executive management and the Board.
- Leading, mentoring, and developing the Risk and Compliance team.
- Driving a culture of proactive risk management and compliance awareness.
In terms of qualifications and skills required, you should possess:
- Bachelor's degree in finance, Business Administration, Risk Management, or a related field.
- Advanced degree (MBA, MS) or professional certifications (CFA, FRM, PRM) preferred.
- Minimum of 12 - 15 years of experience in risk management within the BFSI industry.
- Proven track record in a senior risk management role with significant leadership responsibilities.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- In-depth knowledge of regulatory requirements and risk management frameworks.
- Proficiency in risk management software and tools.
- Strategic thinker with the ability to align risk management with business objectives.
- High ethical standards and integrity.
- Ability to work effectively under pressure and manage multiple priorities. As the Head of Risk & Compliance, your role is crucial in identifying, assessing, and mitigating risks within the organization while ensuring compliance with regulatory requirements and aligning risk management strategies with business objectives. Your responsibilities include:
- Overseeing risk management activities encompassing operational, credit, market, and compliance risks.
- Leading the development and implementation of risk management policies and procedures.
- Liaising closely with regulatory bodies and counterparts in other LOBs to ensure compliance with regulatory requirements and industry standards.
In terms of specific responsibilities, you will be focusing on:
- **UPI and PPI Payments:**
- Leading compliance with NPCI, RBI, and related regulatory bodies governing UPI and Prepaid Payment Instruments (PPI).
- Ensuring robust controls for transaction monitoring, fraud prevention, dispute resolution, and data security in payment operations.
- Overseeing risk assessments, audits, and compliance frameworks specific to payment platforms and third-party payment providers.
- Driving continuous improvement in governance protocols and regulatory reporting related to UPI and PPI services.
- **Insurance Product:**
- Overseeing compliance with IRDAI regulations and insurance-specific risk management practices.
- Managing regulatory reporting, risk assessment, and operational controls for the insurance product lifecycle.
- Partnering with business leaders to address regulatory changes and ensu
