Assistant Vice President - Inspection
Vitasta Consulting · Mumbai · onsite · Posted 77d ago
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About this role
Job Description Assistant Vice President Inspection
Location: Mumbai
Department: Inspection
Reporting: Chief Regulatory Officer
Total Relevant Exp.: Minimum 12 Years
Qualification: Graduation / CA / MBA preferred
Work Experience:
- Minimum 12-16 years relevant experience with Reputed Commodity / Stock Broker(s) and / or Stock / Commodity Exchange(s) / Clearing Corporation(s)
Key Responsibilities:
- Co-ordinate with other MIIs and ensure Letter of Intimation to members for Regular inspection / Special Purpose Inspection is sent as per inspections planned for the financial year.
- Schedule inspections in coordination with all stakeholders.
- Send inspection data requirement and PIQ to members and follow up with members regarding availability of the inspection data.
- Coordinate and Collate inspection related data from different internal departments and analyse data received from various internal departments.
- Visit members locations as per schedule of inspection and ensure timely completion of inspections and conduct inspections as per checklist and scope decided for the inspections.
- Prepare Field observation sheet and obtain members reply and prepare and send draft reports for verification to next level.
- Preparation of detailed Inspection MIS in timely manner.
- Prepare data / details as may be required by SEBI / any other authority.
- Resolving member queries on circulars / Inspection by email or meeting them.
- Help in development of off-line alerts basis the data that is already available.
- Go through Inspection reports thoroughly and get clarification and details if required from Onsite Inspection teams.
- Verify that inspection files are properly arranged and all supporting data / documents are available in the files.
- Prepare Letter of Observations and send approved Letter of Observation (LO) to members.
- Follow up with members for reply to LO and analyse members reply to LO and get further clarification if required from members.
- Prepare reply analysis based on Letter of Observation and Members reply and prepare Agenda / Summary for approval note, for placing before relevant committee / authority.
- Send action letters to the members.
- Arrange for meeting with the member if called for personal hearing.
- Prepare detailed MIS as per format in timely manner.
- Ensuring adherence to the TAT fixed for each process and levying penalty and followup for delay in penalty.
- Analysis of Inspection Report.
- Processing of Appeals received from Members.
- Replying to members queries with respect to various compliance issues.
- Regular checking of websites of other Exchanges / Regulator for new Circulars / guidelines / notifications.
- Arranging reply to the requests of other department for status of members.
- Ensuring levy of penalty in case of non-compliance to regular periodic submissions and also ensuring that data is regularly updated so that there are no instances of wrong penalty.
- Ensuring that instances of false reporting are clearly identified and action as stipulated is taken against the members concerned.
- Represent company in discussions with other MIIs as far as Member Inspection is concerned and co-ordinate with other MIIs for joint inspections.
Required skills:
- Communication and interpersonal skills
- Knowledge of SEBI Regulations
- Advance Excel & MIS
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About Vitasta Consulting
Vitasta Consulting
Recruitment
25
employees
1997
29 years old
Thane, Maharashtra
India
₹4.5L PA avg
Avg at Vitasta Consulting
About
Vitasta Consulting is a diversified HR services company that has been successfully providing high-quality services for nearly two decades to various industries across India.
The Service spectrum stretches from Talent Acquisition to, Learning & Development solutions, to Assessments to HR Consulting to HR Outsourcing Services.
Vitasta Consulting has a remarkable track record in Talent Acquisition across India and beyond. We have a fairly large team that has solid experience in various industrial sectors and domains.
In addition to diverse pure play TA services, we also have a phenomenal track record in HR Consulting and HR Outsourcing services. Be it re-designing organization structures, helping create and propagate strategic intent of the organization, making organization more “dynamically capable” in this VUCA (Volatility, Uncertainty, Complexity and Ambiguity) world, to designing and implementing Learning and Development programme(s), to creating and running Performance Management Systems to Employee Engagement initiatives, to re-modelling Compensation Designs to making the organization more suitable for talent acquisition to implementation of HRMS systems and many more kinds of HR projects….We have handled it all.
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