Senior Manager, Regulatory Compliance and Risk Assessment

Compliance and Risk Management Leader

Wipro is a leading global information technology consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics, and new groundbreaking technologies to help our clients adapt to the digital world and make them successful and innovative companies.

We are an organization recognized globally for our comprehensive portfolio of services, strong dedication to sustainability, and good corporate citizenship. We have over 255,000 hard-working, respected employees serving clients across six continents.

Together, we discover ideas and connect the dots to build a better and exciting new future. It's also an exciting and dynamic company to work for. The Top Employer Institute ranked Wipro as a Top Employer for 2023 in 11 countries across the Americas, Europe, and Asia-Pacific.

We were assessed on several key HR practices, including People Strategy, Work Environment, Talent Acquisition, Learning, Development, Wellbeing, and Diversity and Inclusion. This is accompanied by exciting business growth, where Wipro has posted continued growth of 45% over the last 10 quarters coming into FY24.

We are building a modern Wipro. We are an end-to-end digital transformation partner with bold ambitions. To realize them, we need people inspired by reinvention – of yourself, your career, and your skills. We want to see the constant evolution of our business and our industry. It has always been in our DNA – as the world around us changes, so do we.

Why Work at Wipro?

We pride ourselves on creating an inclusive workplace that provides equal opportunities to all persons regardless of their age, cultural background, sexual orientation, gender identity, and expression, disability, veteran status, or anything else.

If you only meet some of the requirements for this role, that's okay. We value a diverse range of backgrounds, ideas, and believe this is fundamental for our future success. So, if you have the curiosity to learn and the willingness to teach what you know, we'd love to hear from you.

Job Description:

Overview: We are seeking a dedicated and experienced Compliance and Risk Lead to oversee and ensure the adherence of our regional operations to all applicable regulations and laws.

This role involves a strategic blend of compliance enforcement, risk management, and audit oversight to maintain the highest standards of operational integrity and regulatory compliance.

The ideal candidate will possess a deep understanding of regulatory frameworks, risk mitigation strategies, and audit processes, coupled with a strong ethical foundation and excellent coordination skills.

Key Responsibilities:

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• Guarantee 100% compliance within the region with all relevant regulations and promptly report any instances of non-compliance to the Regional Head and Head of Governance, PMO.">

Manage the Comtrac online tool by coordinating with IFM partners, Location Leads, and the Regional Head to ensure timely upload and approval of all necessary documents across various functions, Engineering, Hospitality, EHS, building compliance, etc.

Ensure monthly compliance for document retention certification and RPT certification.

Act as the primary liaison with regulatory and law enforcement bodies on behalf of the organization, focusing on last-mile compliance issues.

Ensure all establishment-related licenses are obtained, maintained, and displayed according to regulatory requirements.

Audits - Review and Governance:

Serve as the primary representative for all audit-related matters.

Liaise with Parent Audit Bodies to standardize the Audit Process and enhance coordination.

Coordinate with stakeholders to ensure timely closure of all audit observations, internal, external.

Establish and maintain a central repository for audit reports, findings, and closure statuses.

Common Responsibilities:

Risk Management - Keep risk registers updated with all relevant risks across locations within the region, BCP, EHS, ERM, ABAC, etc.

Conduct a fortnightly Governance review of compliance and audit statuses with the Regional Head.

Monitor new legislation or changes to existing laws applicable to the region and ensure compliance.

Publish monthly reports on compliance and audit statuses by the 3rd of every month.

Location-Level Responsibilities:

Maintain and regularly update the Location Risk Register, focusing on identification, mitigation, and continuous monitoring of risks.

Conduct stress testing and monitoring of critical equipment and processes to prevent business risks.

Ensure rigorous checks on physical and logical access, background verification, and adherence to all FMG processes, policies, and guidelines.

Manage regulatory, data privacy, third-party vendor, environmental, social, governance, information security, cyber security, financial, merger and acquisition, emerging, geopolitical, anti-bribery and corruption, and business continuity risks.

Perform continuous monitoring of all identified mitigation plans and update the risk register accordingly.

Assess and define risk thresholds for Type I issues based on internal audits, ERM, customer feedback, quality assessments, and external certification findings.

Foster a culture of proactive decision-making and risk assessment in all business decisions.

Review of Important Contracts:

Feasibility plan and identify risk.

Educational Requirements:

Bachelor's degree, MBA preferred.

Experience Requirements:

At least 7 years of experience in compliance, risk management, or a similar role, with a minimum of 2-3 years in managing statutory and operational compliances in mid to large-scale IT/ITES companies.

Comprehensive understanding of operational risk frameworks, operational licenses, laws, risk management, risk audits, and mitigation planning.

Demonstrated ability to manage compliance programs, including policy and procedure development and implementation.

Proven experience in liaising with regulatory and law enforcement bodies.

Experience in managing third-party vendor compliance and risk.

Familiarity with industry practices and professional standards.

Additional Skills:

Willingness to travel as needed to engage with stakeholders or oversee compliance activities across various locations.

Strong ethical standards with a commitment to compliance and integrity.