Vigilance Officer

We are seeking a highly skilled Vigilance Officer to join our team at Muthoot Fincorp Ltd. As a key member of our organization, you will play a crucial role in maintaining transparency, compliance, and ethical conduct across all branches and departments.

The ideal candidate will have a strong background in vigilance, compliance, or risk management, with a proven track record of handling fraud detection, investigations, and regulatory compliance. Your excellent analytical and problem-solving skills, combined with your ability to work under pressure and meet tight deadlines, will be essential in this position.

• Vigilance Framework Development and Implementation:
  • Establish and maintain a robust vigilance framework aligned with regulatory guidelines and company policies.
  • Draft and revise vigilance policies, procedures, and manuals as required.
• Fraud Detection and Prevention:
  • Conduct risk assessments to identify vulnerable areas prone to fraud or malpractices.
  • Oversee the detection, investigation, and reporting of fraudulent activities.
  • Recommend corrective actions to mitigate identified risks and vulnerabilities.
• Investigations and Reporting:
  • Lead investigations into complaints, misconduct, and violations of company policies.
  • Prepare detailed reports on findings and recommendations for management or regulatory authorities.
  • Ensure timely reporting of significant issues to the Managing Director/Board.
• Compliance Monitoring:
  • Monitor adherence to regulatory requirements, internal controls, and corporate governance standards.
  • Collaborate with the Compliance and Legal teams to address any lapses.
• Training and Awareness:
  • Conduct training programs and awareness campaigns on ethical practices, anti-fraud measures, and vigilance guidelines for employees.
  • Foster a culture of integrity and accountability within the organization.
• Coordination with Authorities:
  • Liaise with regulatory bodies, law enforcement agencies, and auditors as required for vigilance matters.
  • Ensure compliance with RBI and other statutory vigilance guidelines.
• Surprise Audits and Inspections:
  • Plan and execute surprise inspections and audits across branches to detect potential irregularities.
  • Ensure adherence to operational processes and ethical conduct at all levels.
• Policy Recommendations:
  • Provide strategic inputs to the management on improving vigilance mechanisms.
  • Recommend structural or procedural changes to strengthen internal controls and governance.

Requirements:

• Bachelor's degree in finance, law, business administration, or related fields (master's degree preferred).
• Minimum of 15 years of experience in vigilance, compliance, or risk management roles, preferably in the NBFC/banking sector.
• Strong analytical and problem-solving skills.
• Excellent communication and report-writing abilities.
• High level of integrity, discretion, and professionalism.
• Familiarity with RBI vigilance guidelines and NBFC compliance requirements.
• Proficiency in using risk management and compliance software/tools.

Salary: ₹12,50,000 - ₹15,00,000 per annum