Head of Compliance

About Navi
Navi is one of the fastest-growing financial services companies in India providing Personal & Home Loans, UPI, Insurance, Mutual Funds, and Gold. Navi's mission is to deliver digital-first financial products that are simple, accessible, and affordable. Drawing on our in-house AI/ML capabilities, technology, and product expertise, Navi is dedicated to building delightful customer experiences.

Founders: Sachin Bansal & Ankit Agarwal.

Know what makes you a "Navi_ite" :  

1. Perseverance, Passion and Commitment

• Passionate about Navi's mission and vision
• Demonstrates dedication, perseverance and high ownership
• Goes above & beyond by taking on additional responsibilities 

• Consistently creates value for the customers and stakeholders through high-quality outcomes
• Ensuring excellence in all aspects of work
• Efficiently manages time, prioritises tasks and achieves higher standards 

• Adapts quickly to new roles, responsibilities and changing circumstances showing resilience and agility. 

Job Summary:

As the Head of Compliance, you will oversee the compliance functions across our diverse range of financial services businesses, including lending, insurance, and mutual funds. You will be responsible for developing, implementing, and maintaining a robust compliance program that ensures adherence to all relevant regulations and internal policies. This role requires a strategic leader who can navigate complex regulatory environments and foster a culture of compliance throughout the organization.

Key Responsibilities:

Leadership and Strategy:

- Develop and execute a comprehensive compliance strategy aligned with regulatory requirements across a range of regulated businesses.

- Lead and manage the Compliance team, providing guidance, mentorship, and performance evaluations.

- Collaborate with senior management to integrate compliance considerations into business strategies and operations.
Regulatory Compliance:
- Monitor and interpret regulatory developments ensuring the organization remains compliant with all applicable laws and regulations.
- Develop and implement policies and procedures to address regulatory requirements and mitigate compliance risks.
Compliance Monitoring:
- Oversee the design and execution of compliance monitoring programs to ensure effective implementation of compliance policies.
- Conduct regular audits and assessments to identify potential compliance issues and recommend corrective actions.
Training and Awareness:
- Develop and deliver training programs to educate employees on compliance requirements, policies, and procedures.
- Foster a culture of compliance through ongoing communication and awareness initiatives.
Reporting and Documentation:
- Prepare and present compliance reports to senior management and the Board of Directors, highlighting key compliance issues, risks, and action plans.
- Maintain accurate records of compliance activities, audits, and investigations.
Stakeholder Engagement:
- Serve as the primary point of contact for regulatory agencies, auditors, and other external parties on compliance-related matters.
- Build and maintain strong relationships with key internal stakeholders to ensure alignment on compliance priorities and initiatives.

Qualifications : 

- Advanced Degree preferred - CA, CS, Law, MBA

- Strong understanding of compliance requirements and regulations. 

- Between 8-10 years post qualifications experience in Banking & Financial Services industry in a compliance or control or risk advisory related function.

- Experience in managing regulatory inspections/ audits would be preferable.

- Strong analytical and problem solving skills and can thrive under pressure.

- Good interpersonal skills and people management skills.

- Exceptional communication (both written and verbal) skills

- Proven experience in managing compliance teams and leading complex regulatory projects.