Job Description

Spocto (https://spocto.com), a Yubi Company (https://www.go-yubi.com/), is a big data analytics company on a mission to revolutionize the digital debt collections industry. As a fintech company that uses Artificial Intelligence (AI) & Machine Learning (ML) to enhance customer reach, engagement, and interaction; spocto is a pioneer in disrupting the debt collections industry with intelligence. With a purposeful approach towards digitizing rural India through banks & NBFCs, our solutions are already test marketing various products to revolutionize eCollections. Our spirit of innovation & passion to help organizations create greater business impact is reflected through our domain expertise, success rate, client confidence and newer age solution driven approach towards the business. With proprietary algorithms we strive to bring dignity into the debt collections process, ensuring better customer experience and resulting in improved customer relation and retention.
As we continue to grow and disrupt the market through our innovative solutions, we are now part of Yubi - India’s first and largest institutional debt platform that provides full-stack debt infrastructure across discovery, execution and fulfillment. In March 2022, Yubi became India’s fastest fintech and most impactful startup to join the unicorn club with a Series B fundraising round of $137 million. Backed by marquee investors like Insight Partners, B Capital Group, Dragoneer, Sequoia Capital, LightSpeed and Lightrock, we are the only-of-its-kind debt platform globally, revolutionizing the segment.

Inviting applications for the role of Senior Manager - Compliance & Audit - Navi Mumbai.

Key Responsibilities

• A head of compliance is responsible for working to maintain an organization’s legal and ethical integrity.
• He/she plays the major role of ensuring that the policy laid down by the organization is strictly followed and adhered to by all department members
• Entails making sure that the company and its employees comply with the regulations of the industry and internal policies.
• It involves designing compliance plans
• Guiding and educating the management and staff on compliance matters
• Updating knowledge on recent regulatory changes
• Responding in case of government / Clientele investigations.
• Involves carrying out several important daily tasks such as identifying hidden risks that the organization may face and coming up with effective suggestions or recommendations to handle them.
• It entails monitoring larger regulatory developments that may affect the operation of the organization, and training and educating employees on any new process and policies
• Ensure that the operations and business transactions of the organization follow all relevant legal and internal rules by developing and implementing an effective and efficient legal compliance program; proactively auditing processes, documents and practices, and informing and training employees.
• Responsible for creating and overseeing control systems in order to deal with or prevent violations of legal guidelines and internal policies, evaluate the efficiency of controls and continuously improve them, and revise procedures, reports, etc. on a periodic basis in order to identify hidden risks or non-conformity issues.
• A specialist in the policies of his/her organization, as stringent government regulations on several organizations require the aid of compliance professionals.
• He/she should also have computer proficiency, efficient and effective communication, and interpersonal skills; strong work ethic, and several other important skills and attributes as required.
• Well-developed organizational skills
• Excellent interpersonal skills which enable ahead of compliance to work effectively with all department members, and also to collaborate with external auditors when needed
• Good verbal and written communication skills to inform and educate employees, and also to file correct and accurate compliance reports with regulating agencies
• Adequate experience in risk management
• Conducting and overseeing internal reviews or audits periodically to ensure that compliance procedures are followed
• Conducting or directing the internal investigation of compliance issues
• Informing, educating, and training employees on matters that are associated with regulations and industry practices
• Evaluating business activities such as investments, to evaluate or assess compliance risk
• Coming up with effective plans to manage a crisis or compliance violation
• Staying up-to-date with internal standards and business goals
• Working cooperatively with external auditors when needed
• Preparing appropriate compliance reports with regulatory agencies
• Discussing arising compliance issues with management or employees
• Ensuring and verifying that all regulatory policies and procedures have been documented, implemented, and communicated.

Required Skills & Experience

• Required a Bachelor’s degree in disciplines such as Economics, Law, Accounting, or Finance, or in other related field
• Preferred industry certifications / Professional certification such as Certified Compliance & Ethics Professional (CCEP)
• Sound knowledge of legal requirements and controls such as Anti-Money Laundering
• A minimum of 12+ years’ of relevant experience in the field of compliance
• Excellent written, verbal and interpersonal communication skills.
• Critical thinker with innovative problem solving skills.
• Highly computer literate with proficiency in MS Office and related business and communication tools.
• Fantastic organizational and time management skills
• Strategic and creative mind-set.
• Meticulous attention to detail.

Benefits

• Ample opportunity for significant personal wealth creation by way of ESOPs
• One can never stop learning so we have a dedicated budget of INR 75,000/year that you can use towards pursuing learning programs/certifications/attending conferences
• Best in industry insurance covers for you and your family: Life insurance (10X your Fixed annual CTC) and Critical Illness cover (7X your Fixed annual CTC)
• Generous health insurance for you as well as your dependents, including parents or Parents in-laws up to INR 800,000 for self and dependents
• Generous Leave entitlements (Earned Leave - 24; Casual Leaves - 12; Medical Leaves - 12; Maternity Leave - 26 weeks; Paternity Leave - 10 weeks; Period Leave - 1 per month)
• Child care reimbursement of 15k per month per child for all working parents towards nanny/creche expenses.
• Food is on the house. So that you can focus on what matters the most.
• Best in class Maternity & Paternity benefits.

We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, or age.

At Yubi, People are at the core of the business and our most valuable assets. Yubi is constantly growing, with 650+ like-minded individuals today, who are changing the way people perceive debt. We are a fun bunch who are highly motivated and driven to create a purposeful impact.

Come, join the club to be a part of our epic growth story!