Information Technology Compliance Manager

Job Title:

IT Compliance Manager
Location:

Mumbai

Company Overview:
HDFC Securities is a leading stockbroking company and a subsidiary of HDFC Bank, one of the world’s largest financial services conglomerates. With a strong emphasis on technology and innovation, HDFC Securities offers a diverse range of investment and trading services to retail and institutional clients. Our commitment to technological advancement and regulatory compliance sets us apart as a trusted partner in the financial industry.

Job Overview:

As an IT Compliance manager at HDFC Securities, you will work closely with the senior management and team to ensure that HDFC Securities Ltd adheres to all relevant regulatory requirements and industry standards. You will play a pivotal role in safeguarding our IT operations against compliance breaches and mitigating risks effectively. The ideal candidate will have 5 -8 years of experience in compliance roles within the banking or capital markets sector and possess strong leadership and communication skills.

Key Responsibilities:
1. Compliance Policy Development and Maintenance
• Assist in developing, implementing, and maintaining comprehensive IT compliance policies and procedures in alignment with Indian banking and capital markets regulations.
• Collaborate with the senior management and team to review and update compliance policies and procedures regularly to reflect changes in laws, regulations, and organizational processes.

2. Regulatory Compliance Monitoring
• Support in monitoring the IT environment to ensure ongoing compliance with external regulations such as SEBI & RBI regulations, SOX, and Data Privacy Laws, as well as internal policies. • Stay updated on regulatory changes and assist in assessing the impact of these changes on IT operations and compliance posture.

3. Compliance Risk Assessment
• Contribute to regular risk assessments to identify potential compliance risks and vulnerabilities within IT systems and processes.
• Assist in developing and implementing risk mitigation strategies to address identified risks effectively.

4. Compliance Project Delivery
• Work closely with IT teams across the organization to ensure compliance projects are scoped, documented, and executed effectively, meeting all regulatory and business requirements.

5. Audit and Reporting
• Assist in coordinating and supporting internal as well as external compliance audits such as Statutory audit, Sox audit, HDFC Bank Audit, Cyber Security audit, SEBI & NSE/BSE audit ensuring thorough examination of all IT systems and processes for compliance.
• Contribute to the preparation and submission of compliance reports to HDFC Bank, senior management, regulatory bodies, and other important stakeholders.

6. Training and Awareness
• Support in developing and delivering compliance training programs to educate employees on compliance policies, procedures, and their responsibilities.
• Stay informed about the latest regulatory changes and cybersecurity threats, contributing to adjustments in compliance strategies as needed.

7. Incident Management and Response
• Assist in establishing and managing a process for handling compliance incidents, including detection, investigation, reporting, and resolution.
• Support in ensuring timely reporting of compliance incidents to relevant authorities as required by law or regulation.

8. Vendor and Third-Party Compliance
• Participate in assessing and monitoring the compliance of third-party vendors and service providers with the organization's compliance requirements and standards.
• Assist in ensuring contractual agreements with vendors include necessary compliance clauses and obligations.

9. Stakeholder Engagement
• Collaborate with various stakeholders across HDFC group companies, sharing best practices and leveraging synergies in compliance efforts.
• Support in representing HDFC Securities in various group-level and external forums, contributing to industry-wide discussions on regulatory matters.

Qualifications, Experience & Expertise
• Bachelor’s or Master’s degree in Engineering, Technology, IT, Cybersecurity, or a related field.
• Minimum of 5 - 8 years of experience within the banking or capital markets sector, with a focus on IT and cybersecurity.
• Sound knowledge of the regulatory landscape governing Indian financial institutions, including SEBI and RBI guidelines.
• Strong project management skills, with the ability to collaborate effectively with cross-functional teams. • Excellent interpersonal and communication skills, with the ability to engage effectively with internal and external stakeholders.
• Certifications such as Certified Information Systems Auditor (CISA) or Certified Information Security Manager (CISM) or Certified Information Systems Security Professional (CISSP), or equivalent, are highly desirable.
• Demonstrated leadership abilities and strategic thinking in driving compliance initiatives.
• Familiarity with relevant regulations and compliance standards pertaining to management of IT systems in a regulated environment.

Benefits
• Competitive salary and benefits package.
• Opportunity for career growth and development.
• Exposure to a wide range of internal audit and IT governance functions