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Accountabilities
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Key Performance Indicators
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Provide thought leadership on compliances
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- Review the existing compliances being implemented for adequacy or to introduce any new requirements.
- Keep track of industry best practices in compliance tracking & implement those suitable / requirement for the Group.
- Facilitate deliberation and debate on change in law and its impact on the Group & take necessary steps to adapt.
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- Provide guidance and support for rectification of existing system /tool OR
Implement a new compliance tool;
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- Addressing the issue raised by E & Y during their Audit;
- To check overlapping of the departments and rectify it e.g. Various Account departments are there for a single entity;
- Multiple tasks for same event- Tasks to be aligned as per requirement.
- Various non-functioning units (closed units) are mapped in system e.g. closed DFCC units and companies which have been merged/transferred are mapped in system.
- Resolving day to day affairs of entities wrt wrong mapping of the tasks;
- Replacement of old users with new users etc.,
- Tasks related to specific laws need to be mapped in name of relevant function.
- Co-coordinating and resolving issues to its logical conclusion with Business SPOC, when they demanded deletion of tasks.
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- Implementation of Legal and Regulatory Compliances tool across all business sectors in the group.
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- Ensuring/ monitoring 100% reporting in tool;
- Reviewing and monitoring Dashboards, Reports and Certificate of Compliances;
- Provide the MIS/ timely report on usage of tool;
- Send reminders to function heads and users on non-compliance and non-reporting;
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- Keep the tool legally updated
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- Identification of applicable laws and statutes (in consultation with function head) in various businesses and their mapping in the Compliance tool;
- Tracking legal updates for tool, implementation of new legislation in tool on request of function;
- Legal updates- Old/obsolete laws and data need to clean and relevant updates need to be updated in consultation with function.
- Ability to check the updation of tool and get confirmation from function head for timely legal updates in tool.
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- Monitor the requirement of periodic training, and organising and facilitating the training sessions;
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- Providing timely trainings to all stakeholders at group level on requirement basis;
- Periodic Training on tool to new users on request of functions;
- Coordinating with Compliance Agency/Legasis and Business Sector Teams for day to day issues and updates pertaining to the Portal, resolve day to day affairs of all the functions;
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- Implementation of new entities in Compliance tool;
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- Price negotiation and Contract negotiation;
- Removal and replacement of users in the tool;
- Resolving invoice related issues,
- To act as a bridge between the Group and Compliance tool.
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- Overall monitoring of the Audit
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- Monitoring the audit process of the tool;
- Prepare report on Audit basis;
- Mitigate the gaps.
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- Support to Group Compliance Council (GCC) and new initiative
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- To brief the GCC about the issues faced;
- Discuss the feasible solution with GCC for successful implementations tool;
- External intelligence.
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Accountabilities
|
Key Performance Indicators
|
|
Provide thought leadership on compliances
|
- Review the existing compliances being implemented for adequacy or to introduce any new requirements.
- Keep track of industry best practices in compliance tracking & implement those suitable / requirement for the Group.
- Facilitate deliberation and debate on change in law and its impact on the Group & take necessary steps to adapt.
|
- Provide guidance and support for rectification of existing system /tool OR
Implement a new compliance tool;
|
- Addressing the issue raised by E & Y during their Audit;
- To check overlapping of the departments and rectify it e.g. Various Account departments are there for a single entity;
- Multiple tasks for same event- Tasks to be aligned as per requirement.
- Various non-functioning units (closed units) are mapped in system e.g. closed DFCC units and companies which have been merged/transferred are mapped in system.
- Resolving day to day affairs of entities wrt wrong mapping of the tasks;
- Replacement of old users with new users etc.,
- Tasks related to specific laws need to be mapped in name of relevant function.
- Co-coordinating and resolving issues to its logical conclusion with Business SPOC, when they demanded deletion of tasks.
|
- Implementation of Legal and Regulatory Compliances tool across all business sectors in the group.
|
- Ensuring/ monitoring 100% reporting in tool;
- Reviewing and monitoring Dashboards, Reports and Certificate of Compliances;
- Provide the MIS/ timely report on usage of tool;
- Send reminders to function heads and users on non-compliance and non-reporting;
|
- Keep the tool legally updated
|
- Identification of applicable laws and statutes (in consultation with function head) in various businesses and their mapping in the Compliance tool;
- Tracking legal updates for tool, implementation of new legislation in tool on request of function;
- Legal updates- Old/obsolete laws and data need to clean and relevant updates need to be updated in consultation with function.
- Ability to check the updation of tool and get confirmation from function head for timely legal updates in tool.
|
- Monitor the requirement of periodic training, and organising and facilitating the training sessions;
|
- Providing timely trainings to all stakeholders at group level on requirement basis;
- Periodic Training on tool to new users on request of functions;
- Coordinating with Compliance Agency/Legasis and Business Sector Teams for day to day issues and updates pertaining to the Portal, resolve day to day affairs of all the functions;
|
- Implementation of new entities in Compliance tool;
|
- Price negotiation and Contract negotiation;
- Removal and replacement of users in the tool;
- Resolving invoice related issues,
- To act as a bridge between the Group and Compliance tool.
|
- Overall monitoring of the Audit
|
- Monitoring the audit process of the tool;
- Prepare report on Audit basis;
- Mitigate the gaps.
|
- Support to Group Compliance Council (GCC) and new initiative
|
- To brief the GCC about the issues faced;
- Discuss the feasible solution with GCC for successful implementations tool;
- External intelligence.
|
|