Audit and Compliance Manager NBFC / Fintech Industry

Position: Audit and Compliance Manager.

Location: Andheri Mumbai.

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:

- Masters 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