CFM Asset Reconstruction Pvt. Ltd. (CFM ARC) is a fast growing Asset reconstruction Company, sponsored by Chartered Finance Management Private Limited (CFML), registered with Reserve Bank of India (RBI), under the SARFAESI Act, 2002. The company manages stressed assets of over INR 5500 crore and is professionally managed by a team having rich experienced in finance and banking. Our principal business is to acquire non-performing financial assets from banks/financial institutions, manage them through restructuring and resolve in time bound manner through active interventions.

 

Job-Title:  CCO – Chief Compliance Officer

 

Job Description: The role is critical in guiding will be responsible for overseeing and ensuring the organization's compliance with all regulatory requirements, internal policies, and industry standards. The CCO will play a crucial role in developing, implementing, and maintaining a robust compliance framework to protect the organization’s assets, reputation, and stakeholders. This role involves leading the compliance team, engaging with regulatory bodies, and fostering a culture of compliance within the company. The key responsibilities include but are not limited to the following:

 

Key Responsibilities

1. Regulatory Compliance:
   • Ensure compliance with all applicable laws, regulations, and industry standards related to asset reconstruction and management.
   • Monitor and interpret new and existing regulations, providing guidance on their impact on the company’s operations.
2. Policy Development:
   • Develop, implement, and maintain compliance policies and procedures tailored to the ARC industry.
   • Ensure policies are up-to-date and reflect current regulatory requirements and best practices.
3. Risk Management:
   • Identify, assess, and mitigate compliance risks associated with asset reconstruction activities.
   • Conduct regular risk assessments and audits to evaluate the effectiveness of compliance controls.
4. Training and Awareness:
   • Develop and deliver compliance training programs for employees to ensure understanding and adherence to compliance requirements.
   • Foster a culture of compliance by promoting ethical behaviour and transparency throughout the organization.
5. Internal Controls:
   • Oversee the design and implementation of internal controls to prevent and detect compliance breaches.
   • Conduct regular reviews and updates of internal controls to address emerging risks and regulatory changes.
6. Monitoring and Reporting:
   • Monitor compliance activities and provide regular reports to senior management and the Board of Directors.
   • Investigate compliance breaches, recommend corrective actions, and oversee their implementation.
7. Regulatory Interaction:
   • Serve as the primary point of contact for regulatory agencies and manage interactions with external auditors and regulatory bodies.
   • Ensure timely and accurate submission of required reports and documentation.
8. Documentation and Record-Keeping:
   • Maintain comprehensive records of compliance activities, audits, and investigations.
   • Ensure proper documentation of compliance processes and procedures for auditing purposes.
9. Continuous Improvement:
   • Stay informed about industry trends, regulatory changes, and best practices in compliance.
   • Propose improvements to compliance processes and systems based on industry developments and internal assessments.

 

Qualification : Bachelor’s degree in Law, Finance, Business Administration, or a related field. A Master’s degree or professional certification (e.g., Certified Compliance and Ethics Professional, Certified Risk Management Professional) is preferred.

 

Experience: Minimum of 10 years of hands-on experience in compliance, legal, or risk management roles, with at least 5 years in a leadership position within the financial services sector, preferably with bank or NBFC.

 

Knowledge: Strong understanding of regulations and compliance requirements including RBI master directions on lending, asset reconstruction, risk and compliance, including other financial regulations, KYC and anti-money laundering.

 

Skills:

• • Excellent analytical and problem-solving skills.
  • Strong leadership and team management abilities.
  • Effective communication and interpersonal skills.
  • Ability to work independently and manage multiple priorities.

 

Age : More than 35 and not more than 55

 

- Should have ability to provide required leadership to his/her team to achieve corporate goals;

 

Remuneration : Will be matched with industry standard.