Mumbai – Compliance Manager recruitment
Strong prudential management has been a key to Macquarie's success over many years. The Risk Management Group (RMG) is an independent, centralised unit responsible for assessing and monitoring risks across Macquarie. This includes market and liquidity risk, credit risk, compliance risk and operational risk. Risk Management Group personnel liaise closely with all operating areas to ensure risks are understood and properly managed.
This role has responsibility for the administration of a number of key bank-wide policies designed to ensure Macquarie fulfils its legal obligations and avoids reputation damage. The role requires regular interaction with senior management, as well as business groups across the entire organisation.
Working closely with key members within Compliance, other RMG divisions, the operating businesses and support functions in India, Hong Kong, Singapore and Sydney, the successful candidate will assist in enhancing Compliance's oversight of Macquarie's business activities in India. This will involve:
- Assisting in the oversight of and the monitoring/administrating, where appropriate, Macquarie's compliance with the India's business, primarily institutional stock broking and non-banking financial companies prudential requirements.
- Developing and assisting with maintenance of compliance policies and procedures.
- Providing advice on compliance with the Indian regulatory requirements and general compliance matters.
- Conducting monitoring and surveillance reviews to ensure compliance with Macquarie's policy and the Indian regulatory requirements.
- Reporting and escalation of compliance issues to relevant stakeholders e.g. business senior management, Local/Regional/Global Head of Compliance; board committees etc.
- Assisting with general compliance projects that arise from Compliance's oversight activities.
- Managing and maintaining productive relationships with regulators through involvement in material regulatory contact.
- Assisting with AML compliance and client documentation review (for international and domestic clients); on going compliance of KYC/CDD and KRA regulations.
- Development and delivery of Compliance training and education.
- Liaison and co-ordination with the internal independent auditors, RMG Audit, System Auditors, Regulatory auditors etc.
- Co-ordination of regulatory enquiries and visits.
Suitable candidates will have considerable experience gained within a capital markets, non banking financial company, legal, regulatory or audit environment, a sound understanding of investment/financial markets and the ability to maintain and enhance productive relationships with staff and regulators. Desirable personal characteristics include:
- Tertiary qualifications in accounting, business or law.
- Strong working knowledge of the SEBI and RBI regulations.
- Working knowledge of the Stock Brokers compliance and Non-Banking Financial Companies Prudential Norms in India will be well regarded.
- Outstanding and persuasive verbal and written communication skills, and the ability to maintain confidence and stand when being challenged.
- Highly self motivated and the ability to work independently, determine priorities and meet deadlines.
- Experience in independently performing and managing compliance audits/reviews and projects is highly desirable.