Chief Compliance Off....
Chief Compliance Officer
Posted on :
06-02-2024
Employer Active
1 Vacancy
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Monthly Salary
Not Disclosed
Salary Not Disclosed
Vacancy
1 Vacancy
Posted on :
06-02-2024
Job Description
Req ID : 2505950
About the Company
We RentoMojo were founded by IITM alums and serial entrepreneurs who worked out of almost every major city in India in his first five years of corporate career. Frustrated with the hassles of relocating from one place to the other and tired of finding that perfect cluster of home essentials that suited their lifestyle.
The spending youth especially the millennials & Gen Zs prefer staying light desire flexibility and are value conscious. Willing to experiment with new stuff across categories that make life simpler and not boring these generations are also sensitive to our planets sustainability. Our customers and employees identify with what we do is what Geetansh Bamania our Founder and CEO has to say.
RentoMojo caters to the needs of the working professionals which is unmet due to nonavailability of furnished rental flats by offering furniture and appliances on rental basis thus providing more flexibility than owning the expensive furniture and appliances.
Currently we have 130000 subscribers with a typical rental period of 1214 months. The current market size (as per a recent report by Grant Thornton) is estimated to be US$ 4.1 Billion and expected to grow to US$ 13 Billion by 2025.
With 1000 people operations the company has a presence in 16 cities across India. Looking back Rentomojo has not only made a new market of lease which never existed for the consumer they have also become market leaders in the consumer rental industry. Unlike the norm they are now seeing a reverse trend wherein a version of ours is being copied in the US and UK. We are a profitable company and are excited about exponentially growing the profits of the company in months and years to come.
Five Pillars of our Culture:
Zoom In Zoom Out :
- We zoom in and go micro; our focus would be doing better in everything including things we already do well.
- We zoom out a lot for creating successful pilots that can potentially scale into a lot of value add in the future like strengthening our offline presence.
Enterprising Mindset: If you are bold enough you will have life changing growth opportunities here.
- We will continue to expand the responsibilities of hungry and willing people. If you are ready to do what you have never done you will find roles that you have never managed.
- Growing people from within was a significant contributor to the Fortune employers choice award that we won in 2022 and more importantly thats one of the biggest reasons of our success & continued momentum
Frugality: Measure Twice and Cut once.
- It is always easy to spend more money to get more done but it lacks any form of challenge. We have to grow and become better without a proportionate increase in cost.
- For every penny that we spend or that we put up to spend expect a lot of discussions debates and conversations. Planning is going to be important data has to be the foundation detailing will be a must and world class execution is the only way we will move forward in this journey.
Accountability: Less Why more How.
- We will always have more to bite than we can chew we will always have to make choices and prioritize while we progress. We can have hundreds of reasons behind why something can not be done but we have to remain focused on the how of things. The focus on how will help us find ways to get done what needs to get done.
Think decide play and act for the long term.
- The only time we will make short term decisions is when they help us in the longer term. To me the long term is all about consistency and not intensity.
ROLE : Chief Compliance Officer/ Head of Compliance
LOCATION : Bengaluru
NUMBER OF DIRECT REPORTEES : IC Role
KEY RELATIONSHIPS
REPORTS TO : Founder and CEO and Audit & Governance Committee
KEY RELATIONSHIPS :
Internal: Legal Finance HR Business Admin Capital
External: Government offices Auditors Service Providers
About the Role:
The role will be the designated compliance officer for the company under all statutory and regulatory compliances and would focus on minimizing the compliance related risk for the organization. The role has to strengthen our second line of defense to reduce all compliance related risk and enhance strong governance.
Responsibilities and Ownership:
(Things that the role cannot miss)
Compliance Program Leadership:
- Develop implement and maintain an effective compliance framework aligned with industry standards laws and regulations.
- Create policies procedures and controls to mitigate compliance risks across various business functions.
- To examine the sustenance of the compliance as an integral part of the compliance testing and annual compliance assessment exercise.
Regulatory and Statutory Adherence:
- Monitor and interpret evolving regulatory requirements relevant to the rental eCommerce industry ensuring the companys activities remain compliant.
- Provide guidance and training to employees on compliancerelated matters to foster a culture of compliance.
Risk Assessment and Mitigation:
- Conduct regular risk assessments to identify potential compliance vulnerabilities and develop strategies to mitigate these risks.
- Collaborate with crossfunctional teams to address compliance concerns and implement corrective measures as needed.
- Assisting audit teams to identify areas of noncompliance and initiate solutions to address identified risks.
Reporting and Communicating:
- To apprise the board as well as senior management/relevant committee on regulations rules and standards and any other further developments.
- To report promptly to the CEO & Management about any major changes or observations related to the compliance risk.
- Prepare and present comprehensive compliance reports to executive leadership/board and regulatory bodies as required.
Stakeholder Engagement:
- Act as the primary point of contact for regulatory agencies external auditors and legal advisors managing relationships and ensuring compliance queries are addressed efficiently.
Secretariat Function:
- Manage administrative aspects of corporate governance: coordinating board meetings ensuring compliance as per companies act maintaining records and facilitating communication between the board and management as necessary. This includes providing advice assisting in regulatory filings and contributing to policy development aligned with industry standards.
PREFERRED QUALIFICATIONS: Your work till now will be the first qualification that would matter to us. Other than that you should be:
- CS (Company Secretary) with compliance focus LLB (Bachelor of Laws) degree would be an advantage demonstrating a strong foundation in compliance and corporate governance principles.
- 7 to 9 years of progressive experience in a compliance leading role with exposure to multistate indirect taxes direct taxes TDS multistate labor commercial general customer trademark and secretarial compliances.
- Should have worked closely with the third line of defense which is the Internal Audit.
- Indepth knowledge and handson experience of relevant laws regulations and compliance best practices.
- Having experience of liasoning with compliance experts across various domains.
- Experience in handling across compliance related litigation encompassing indirect taxes direct taxes PF Gratuity ESIC etc
- Strong leadership and communication skills (Oral written drafting) with the ability to influence and collaborate effectively across all levels of the organization.
- Highly Organized with attention to detail and an eye for process improvements.
- Proven track record of developing and implementing successful compliance programs in highgrowth environments.
- Analytical mindset with the ability to assess complex situations and make sound decisions.
- Ability to work under highpressure situations run multiple transactions parallelly and deal with multiple internal and external stakeholders
compliance,regulations,internal audit,risk analysis,regulatory compliance,statutory compliances,board governance,company secretarial work,ipo,management
Employment Type
Full Time
Key Skills
- Compliance Management
- Risk Management
- Financial Services
- PCI
- Banking
- Cost Accounting Standards
- Quality Systems
- Research Experience
- NIST Standards
- Securities Law
- SOX
- ISO 27000
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