Compliance Officer-NBFC

Position:

Location:

Reports to : COO

Job Overview:

The Audit and Compliance Manager will be responsible for overseeing and managing the internal audit and compliance functions within the organization. This role requires a thorough understanding of the regulatory environment, strong analytical skills, and the ability to develop and implement effective audit and compliance programs.

Key Responsibilities:

• Audit Management:

• Develop and execute a comprehensive audit plan to evaluate the effectiveness of internal controls, financial reporting, and operational processes.
• Conduct regular internal audits to assess the compliance of company operations with established policies, procedures, and regulations.
• Identify areas of risk and provide recommendations for improving internal controls and processes.
• Prepare detailed audit reports, highlighting key findings and recommendations for management.

• Compliance Oversight:

• Ensure the company complies with all relevant local, state, and federal regulations, as well as industry standards.
• Develop and maintain compliance policies and procedures, ensuring they are up-to-date and effectively communicated across the organization.
• Monitor changes in regulatory requirements and assess their impact on the company's operations.
• Conduct compliance training programs for employees to enhance awareness and understanding of regulatory requirements and ethical standards.

• Risk Management:

• Identify potential areas of compliance vulnerability and risk, and develop/implement corrective action plans.
• Collaborate with various departments to develop and implement risk mitigation strategies.
• Maintain a risk management framework to ensure risks are identified, assessed, and managed effectively.

• Reporting and Documentation:

• Prepare and present audit and compliance reports to senior management and the board of directors.
• Maintain comprehensive documentation of all audit and compliance activities, findings, and recommendations.
• Ensure timely and accurate reporting of compliance issues to regulatory authorities, as required.

• Team Leadership:

• Lead and manage the audit and compliance team, providing guidance, training, and support.
• Foster a culture of integrity, accountability, and continuous improvement within the team.
• Conduct performance evaluations and provide constructive feedback to team members.

Qualifications:

• Master’s degree in Finance, Accounting, Business Administration, or a related field.
• Minimum of 6-10 years of experience in audit and compliance within the financial services or fintech industry.
• Strong knowledge of regulatory requirements and industry standards relevant to the fintech sector.

Preferred Skills:

• Experience with regulatory compliance tools and software.
• Knowledge of emerging technologies and their impact on financial services compliance.
• Strong project management skills.
• Ability to work independently and as part of a team in a fast-paced environment.

Kindly share your resume on - renu.koli@fatakpay.com