Associate Vice President

Designation:
Assistant Vice President (AVP)

Practice Area:
Risk & Compliance Practice

Location:
Mumbai

Experience:
8+ years (in a bank/FI's compliance function or in a full-fledged advisory/ consultancy firm)

Job Overview:

The AVP candidate will play a senior role within the Risk & Compliance Practice. The role entails delivering high – impact advisory projects involving complex client engagements, across risk and compliance domain for banks and financial institutions. It involves designing and reviewing risk frameworks, policies and delivering expert advisory on risk, regulatory inspections and enforcements, and overall compliance management. The ideal candidate will demonstrate strong domain expertise, leadership skills, and a proven track record of managing risk and compliance projects for BFSI clients. The candidate needs to have a strong consulting pedigree with solution orientated approach to provide actionable strategies for clients to address dynamic and complex regulations. This role is designed for professionals who have successfully led client-facing engagements, navigated complex regulatory landscapes, and delivered strategic solutions in risk and compliance domain.

Role and Responsibilities:

1. Advisory on Regulations

• Lead risk and compliance advisory projects for clients in the BFSI sector.
• Lead client engagements focused on interpreting and implementing SEBI/RBI/IFSCA regulations.
• Provide strategic advisory on regulatory inspection findings, enforcement actions, and internal controls reviews.
• Supporting clients in creating Regulatory Obligation Registers, ensuring adherence to regulatory guidelines, managing regulatory changes, compliance testing and in regulatory mandated compliance reviews.
• Provide advisory solutions on listing obligations & disclosures, front-running, mis-selling, conflict of interest, compliance with rules by depositories and stock exchanges.
• Regulatory reporting and disclosures.

2. Development & Review of Compliance Frameworks, Policies

• Support clients in design, review and implementation of regulatory compliant compliance frameworks, risk management policies and procedures.
• Support in new product development and review of client's existing products/portfolios against applicable statutory rules and regulations.

3. Market Conduct, Insider Trading & Fraud Risk

• Develop and operationalize frameworks for market conduct, conflict-of-interest management, and personal account dealing.
• Advise on Insider Trading Prevention mechanisms in line with SEBI Regulations.
• Support in building efficient customer grievance handling and fraud risk management practices.

4. Governance Frameworks and Board Effectiveness

• Advise on building robust governance frameworks, effective boards and committee functioning and conduct governance issues.
• Define and operationalize governance roles for boards, KMPs and CXOs, with a focus on regulatory expectations and strong risk culture.

Required Skills and Qualifications:

• MBA/PGDM in Finance, Economics, Company Secretary or comparable field. Candidates with additional qualifications i.e., FRM, CFA, CAIIB shall be preferred.
• At least 8 years of experience in risk & compliance function of a bank/FIs or similar experience in a consultancy firm.
• Demonstrated leadership in managing inspections and other regulatory affairs, compliance testing, compliance monitoring, internal audit and internal controls.
• Sound understanding of key banking regulations (i.e., Basel, IRAC, PSL, LCR/NSFR, LEF, KYC/AML, Digital Lending, Outsourcing, Fraud Risk Management, Interest Rates, Scale Based Regulations for NBFCs, Primary Dealer Activities, IFSCA regulations etc.).
• Sound understanding of key capital market regulations (i.e., listing obligations & disclosures, insider Trading & front-running, mis-selling, conflict of interest, market conduct, personal account dealing, and rules by depositories and stock exchanges).
• End to end knowledge of on and off-balance sheet credit and market products.
• Outstanding written and verbal communication skills, problem solving approach, and client engagement skills.
• Strong analytical skills, attention to detail, and high ethical standards

We are an equal opportunity employer and value diversity. We do not discriminate based on gender, race, age, sexual orientation, and religious identities or any other applicable characteristics protected by law. We seek individuals who uphold the highest standards of integrity, demonstrate professionalism in every interaction, treat others with respect, and consistently align personal ambition with the collective goals of the firm.