Manohar Balwani, Chief Compliance Officer
What is the parameter to analyze the success of an individual; is it the path he/she covers or the challenges endured during the journey? When asked about the motivation factor that compelled him to plunge into the arena of finance and compliance, Manohar Balwani, (Company Secretary & Compliance Officer, Power Finance Corporation) quotes “The sector of Finance and compliance including Corporate Governance is ever-evolving, and no industry or sector can survive without it. Being an exciting and powerful domain, not only the possibilities are endless here when it comes to career paths but for destinations too.” Starting his professional career immediately after acquiring his bachelor’s degree in commerce, Manohar went ahead to complete his post-graduation along with cost accountancy from ICMAI (formerly ICWAI) simultaneously as well as his Company Secretaryship from ICSI,. After having worked from 1983 to 1999 at various positions in finance divisions of various govt organization/ companies, he got an opportunity in 1999 to reorient his professional career and became Company Secretary of a leading CPSE namely MMTC Limited. Since then, he has taken many forward steps in his career to reach the level of Chief General Manager and Company Secretary of a Maharatna CPSE namely Power Finance Corporation Limited.
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Top 10 Chief Compliance Officers - 2022
Enterprise ethics and compliance executives represent a young, but rapidly maturing profession one that began to emerge in the late 1980s when several government initiatives and high level commissions began recommending that specific senior-level personnel should have responsibility for overseeing an organization's compliance and ethics program. These key business leaders are responsible not only for maintaining compliance, but also for safeguarding what is arguably an organization’s most valuable asset its reputation.
The Chief Compliance Officer, is one of the most important members of the management team, is primarily responsible for overseeing compliance within an organization, and ensuring compliance with laws, regulatory requirements, policies, and procedures. As the compliance leader and subject matter expert, the CCO is responsible for establishing standards and implementing procedures to ensure that the compliance programs throughout the organization are effective and efficient in identifying, preventing, detecting, and correcting non-compliance with applicable laws and regulations. The CCO has to provide reasonable assurance to senior management and the Board that there are effective and efficient policies and procedures in place, well understood and respected by all employees, and that the company is complying with all regulatory requirements. The CCO must report directly to the Chief Executive Officer. He must also inform the Board about important issues and material violations.
The Chief Compliance Officer's specific responsibilities are to define the necessary level of knowledge on existing and emerging regulatory compliance requirements across the organization, to develop the annual compliance work plan that reflects the organization's unique characteristics, periodically revising the compliance plan in light of changes, guiding in a productive, professional way, the compliance teams, overseeing and monitoring the implementation of the compliance program, providing guidance, advice, and training, providing strategic direction to the management team on compliance, preparing and presenting clear and concise compliance reports to the board, interacting with regulators on compliance issues, coordinating efforts related to audits, reviews, and examinations, developing policies and programs that encourage managers and employees to report suspected fraud and other improprieties, and so on.
In this issue of the CEO Insights magazine, a list of 'Top 10 Chief Compliance Officers - 2022', crafted by a team of industry veterans, CEOs and VCs and the CEO Insights editorial team, delivers detailed information about the leadership journey and the inspiring stories.
|Ajayendra Pratap, Chief Compliance Officer
|Prozone Intu Properties
|A professionally qualified Company Secretary, Bachelor in commerce with degrees in MBA (Finance) and LLB, having more than 20 years of experience in various functions like compliance, legal, consultancy, supporting functions in Audit and more
|Ajith Jose, Chief Compliance Officer
|An executive banking (domestic and overseas) compliance leader with 24 years’ expertise in all facets of compliance, controls and governance within high-profile global-reach private and public sector banks
|Ankur Chadha, Chief Compliance Officer, Head Legal & Secretarial
|Edelweiss Tokio Life Insurance
|With over 20 years of experience in Legal and Compliance, he is presently heading Legal and Compliance division at the firm and moving it towards upward integration
|Anshul Kumar Jain, Chief Compliance Officer & Head Legal
|He has an extensive experience close to 20 years in the field of Corporate Laws and SEBI related matters and also worked with top-tier business groups in the county like ITC, Edelweiss, Mehta & Mehta, and Reliance Industries and many
|Manohar Balwani, Chief Compliance Officer
|Power Finance Corporation
|He has a professional career spanning about four decades, including 16 years in Finance and 23 years as Company Secretary & Compliance Officer
|Rohan Lakhaiyar, Chief Compliance Officer
|Paytm Payments Bank
|A recognized leader in compiance with his rich leadership experience in Payments & Banking in areas of Regulatory Compliance, Risk and Product Management
|Royston D' Silva, Chief Compliance Officer
|Emirates NBD Bank (P.J.S.C)
|Equipped with more than 25 years of experience in banking, he has garnered magnanimous expertise across the verticals like compliance, corporate governance, treasury, finance and banking
|Sanjeev Kashyap, Chief Compliance Officer
|Out of his total experience of 26 years, 14 years he worked as head of risk management of financial markets/services and remaining 12 years in heading of operations and regulatory compliance
|Seema Rajan, Chief Compliance Officer
|KPMG Global Delivery Center
|Having more than 20 years of experience in Risk & Compliance Service Delivery across India & Canada and Legal & HR functions, she is overseeing compliance within the firm and ensuring that the company is complying with all regulatory requirements
|Suresh Gurumurthy, Chief Compliance Officer
|Dr. Reddy's Laboratories
|A versatile and solution focused Compliance Officer with over 15 years of experience in overseeing compliance function within multiple industries having expertise in Compliance Risk Assessment/ leading/ conducting Corporate Investigations and more