Hiring for Manager - Compliance

Control:

- Identify and evaluate the non-compliance risk at country level

- Develop and oversee control systems to prevent or deal with violations of legal guidelines and internal policies

- Evaluate the efficiency of controls and improve them continuously

- Ensure Level 1 controls on compliance are carried out

- Carry out Level 2 controls on compliance

- Follow up the effective implementation of audit recommendations within the established timeframe

- Identify, coordinate and undertake projects as needed to improve process and application of Compliance’s policies and procedures

Implement:

- Implement, in India and in any other country under your supervision, the Coface-wide compliance program, supporting the business units and setting common compliance priorities and standards for the region businesses

- Take responsibility to ensure that each business units located in India and in any other country under your supervision implement the elements of the Coface-required compliance policies, taking into account local regulations if they are stricter

- Take responsibility to ensure that business units in India and in any other country under your supervision implement local regulations which are not addressed in any of the Coface required compliance policies

- Assist the Compliance Head, Asia Pacific to complete the annual compliance plan

Advise:

- Assist the local management on business ethics and financial security issues (e.g. money laundering, terrorism,international sanctions, corruption, frauds)

- Coordinate effectively with the functional managers in India and in any other country under your supervision, such as Finance and others

- Provide compliance advice for new products and/or distribution channels in coordination with Regional Legal Department

- Ensure country regulatory watch. Keep abreast of regulatory developments in India and in any other country under your supervision as well as evolving best practices in compliance control

- Contribute to draft reports to regulatory authorities, where required

- Assisting with periodic reviews and updates in accordance with regulatory change or upon advice received by Compliance colleagues

- Collaborating with the relevant Compliance Officers and other business contacts as appropriate

Train:

- Ensure that Coface employees in India and in any other country under your supervision are knowledgeable about legal, regulatory and policy requirements, aware of new risks, and committed to Coface's culture of compliance

- Takes responsibility for rolling-out in India and in any other country under your supervision the Regional and/or Group communication and training strategy

- Educate the employees, in India and in any other country under your supervision, and implement practices that will ensure the highest possible level of compliance

- Ensure adaptation of compliance communication and training actions for local management and/or employees

- Act as a lead in training and coaching compliance personnel in India and in any other country under your supervision in order to maximize team efficiency

Report:

- Notify in a timely manner Compliance Head, Asia Pacific, and local management on compliance breaches. Document agreed-upon remedial actions

- Report on local compliance program progress status to Coface's Compliance Head, Asia Pacific

- Make oral and written presentations to communicate results and findings of controls and, where required, an Action Plan

- Conduct/participate to the compliance network activities through ad-hoc tools

- Prepare reports for local management and external regulatory bodies as appropriate

Other local responsibilities:

(a) Assist in execution and enhancement of local compliance strategy to establish an effective compliance program to prevent illegal, unethical, or improper conduct and be fully compliant with local law and regulations.

(b) To manage compliance program of several entities including but not limited to India and Thailand.

(c)To support product filing of THE COMPANY 

(d) To provide(or if necessary to consult with external legal counsel) legal advice as requested by Regional Legal and Compliance.

(e) To coordinate with regional auditor to assure 100% completion of annual audit plan and regulator on-site audit with audit action plan carried out in time.

(f) To execute any ad-hoc compliance projects assigned by supervisor

(g) Meet and communicate with regulators if need be

Skill Sets

Industry:

- Insurance and specificities for credit insurance and its regulations (desirable)

- Undestanding of Coface products (desirable)

Functional:

- Experience in Compliance or Legal function (essential)

- strong analytical and problem solving skills,  good presentation skills

- Strong project management skills and execution focus (essential)

- Strong expertise in one of the following field of compliance (AML/KYC/Sanctions, personal data, fraud) (highly desirable)

- Experience with investigations and regulatory issues (desirable)

- Knowledge of process and program design and implementation (desirable)

-Willing to continuously improve the internal procedures and to share best practices

Personal:

- Ability & willingness to travel within the Region (desirable)

IT:

- Microsoft Office Applications: Outlook, Word, Excel