Summary
Overview
Work History
Education
Skills
Languages
Languages
Accomplishments
References
Timeline
Generic

Avani Dedhia

Mumbai

Summary

Dynamic compliance leader with extensive experience at TRANSUNION CIBIL LIMITED, specializing in regulatory compliance and data privacy. Proven track record in implementing robust compliance programs and conducting impactful audits. Adept at risk management and fostering cross-departmental collaboration, ensuring adherence to evolving regulations while enhancing organizational integrity.

Overview

17
17
years of professional experience

Work History

Assistant Vice President (Level 2) – Compliance& Data Privacy Lead

TRANSUNION CIBIL LIMITED
02.2015 - Current
  • Responsible for Implementation of DPDP Act for the organization
  • Conducting Data Privacy Impact Assessments and evaluating data processing activities to identify and mitigate privacy risks.
  • Providing guidance on updates to policies and procedures across various departments to ensure compliance with data protection regulations.
  • Addressing questions and concerns from different departments regarding data privacy issues.
  • Assisting departments in developing and executing implementation plans once new privacy rules are notified.
  • Reviewing and assessing IT systems to ensure they meet privacy requirements and standards
  • Responsible for Regulatory Engagements with Reserve Bank of India.
  • Handled Reserve Bank of India Inspection & Scrutiny.
  • Assisted in the response drafting on Show Cause Notice issued by the regulator
  • Liaoning with regulator for the National Mission for Capacity Building of Bankers for financing MSME Sector (NAMCABS) workshop organized by RBI
  • Responsible for interacting with various departments of Reserve Bank of India for query resolution.
  • Responsible for regulatory reporting to RBI.
  • Assisted in developing the Enterprise-wide Risk Management Program in the company.
  • Acted as a Business Unit Risk Officer for the function viz. Compliance, Legal, Secretarial functions
  • Assist in measuring & evaluating significant strategic, business and process risk exposures.
  • Help monitor & evaluate risk responses and mitigation strategies.
  • Responsible for Compliance Policy Program - Review, revise, rewrite or demise policies.
  • To handle various Audits including SOX Audit for IT
  • Responsible for executing Issue Management Program & Speak Up [Code of Conduct Cases]
  • Responsible for driving & implementing record management Program.
  • Conduct various Compliance training initiatives.
  • Business Continuity Plan - Played pivotal role in managing BCP & specifically work on effective implementation of office re-entry Protocol.
  • Handle queries from Business & other support functions
  • Conduct documentation reviews for various functions (Departmental Standard Operating Procedure)

Manager - Compliance

AXIS BANK LIMITED
Mumbai
07.2013 - 02.2015
  • Responsible for International Compliance of Axis Bank branches located at Sri Lanka, Hong Kong, Dubai International Financial Center (DIFC), Singapore, Shanghai (China), Abu Dhabi.
  • Vetting of policies prepared by various departments to provide compliance feedback to Change Management Committee (CMC)/Product Management Committee (PMC) notes, conducting Compliance Testing of branches, periodical MIS to management for the activities carried out at International Compliance Cell.
  • Culling out actionables from various policies manuals, erstwhile testing reports, Regulator's on-site examination reports etc. and prepare unit specific checklist for compliance testing.
  • Create Branch-wise profile for all Overseas Branches and updating the same. Handling and maintaining Branch-wise filing and archival of documents / files.
  • Assisting in preparation and putting up of weekly/ monthly reporting of all regulatory changes of overseas geographies.
  • Collect and maintain various data for the purpose of preparing MIS to be put up to the top Management.
  • To arrange periodical meetings of the Returns Governance Group (RGG), prepare minutes & reporting the same to Management.
  • Drawing up regulatory checklist for each policy by reckoning applicable regulations/ guidelines and drawing up compliance Checklist & MIS therefrom.
  • Reviewing & drawing up compliance manual.
  • Drawing up Compliance Monitoring programme.
  • TAT for signing off pertaining to various business related purposes, internal reporting.
  • To complete the process of giving data inputs (including mapping of guidelines and evaluating Compliance Risks) for implementation of the Enterprise Governance Risk and Compliance (EGRC) project pertaining to all the branches.

Senior Manager - Compliance And Company Secretary

KOTAK SECURITIES LIMITED
Mumbai
08.2008 - 06.2013
  • Responsible for Corporate Secretarial Activities and part of Compliance for following Companies:
  • Kotak Securities Limited
  • Kotak Commodity Services Limited – Company Secretary
  • Kotak Mahindra Financial Services Limited, Dubai, UAE – Company Secretary
  • Conducted Board Meetings, Committee Meetings & Annual General Meeting.
  • Drafting of Notice, Agenda with explanatory notes including Circular Resolutions and Minutes for the meeting of the Board & Committee of Directors and Shareholders of the Company.
  • E-filings with MCA and maintenance of statutory registers under Companies Act, 1956.
  • Alteration in Memorandum of Association (Change in object clause, Increase in Authorized Share Capital); Alteration in Articles of Association.
  • Drafting & compiling contents of Annual Report viz-a-viz Directors' Report, Corporate Governance Report.
  • Preparation of Secretarial Audit Checklist to cover compliances required by a Company under the Companies Act, 1956, Rules & Regulations.
  • Experience of liaison with the Securities and Exchange Board of India (SEBI), Stock Exchange, Commodity Exchange, Registrar of Companies (ROC), Central Depository Services (India) Limited (CDSL); National Securities Depository Limited (NSDL).
  • Assisted in filing of the Annual Accounts of the Company with the ROC in Extensible Business Reporting Language (XBRL).
  • To obtain prior approval from the Securities and Exchange Board of India (SEBI) for Change in Shareholding Pattern.
  • Applied to the Exchanges for Change in designated director for Kotak Securities Limited & Kotak Commodity services Limited.
  • Filing of Annual Returns of 10 Stock and Commodity Exchanges where the Company is a member.
  • Compliances with the Debt Listing Agreement and Trusteeship Compliances.
  • Event based compliances and intimations to BSE & NSE.
  • Compliance with the SEBI Insider Trading Regulations.
  • Worked on obtaining approval for obtaining membership of stock and commodity exchanges.
  • Worked on Renewal of Portfolio Management Services (PMS) license, Central Depository Services (India) Limited (CDSL) license, National Securities Depository Limited (NSDL) license, Association of Mutual Fund (AMFI) and Insurance Regulatory Development Authority license.
  • Filing of Annual performance report (APR) and Annual Returns with Reserve Bank of India for Subsidiary of Kotak securities Limited & Kotak Commodity Services Limited.
  • Compliance with Central Bank of Bahrain (CBB) where the Company has its Branch Office.
  • Co-ordinated for Statutory audit/Internal Audit/Tax audit of Kotak Securities Limited & Kotak Commodity Services Limited by providing data as required & giving clarification & take corrective action on audit report.
  • Responsible for providing Know Your Client documents to the Exchanges.
  • Responsible for Surrender of membership of Bombay Stock Exchange – Currency Derivative Segment.
  • Handled all the Compliance including monthly, quarterly and half yearly filings w.r.t to Portfolio Management Services.
  • Responsible for filing of PMS Disclosure document with SEBI.
  • Responsible for obtaining the Conduct Certificate and Turnover Certificate from the Exchanges.
  • Responsible for adhering to all the Circulars, notices and notifications issued by SEBI, Exchanges and Ministry of Corporate Affairs.
  • Responsible for obtaining new membership for Debt Segment with NSE, BSE.
  • Assisted in preparation of Insider Trading Policy and developments of an online system for approval of trades by the employees and carrying out audit for any violation under the Insider trading policy.
  • Assisted on giving a Webcast on PAN India Scale on the Topic of Employee Trading Policy for disseminating information to the Employee about the Compliance with the SEBI (Prohibition of Insider Trading Regulation), 1992.
  • Handled work related to demerger of two group entities.
  • Approval of product notes for distribution of debt issues of Group Companies.
  • Assisted in preparing the Secretarial Policy and policy on ensuring compliance with SEBI orders.
  • Worked on getting the debentures listed on the platform of the Exchange.
  • Prepared Standard Operating Procedure for Secretarial department.
  • Vetting of product note for distribution of offer letter for subscription to debenture issues of group companies.
  • Assisted in drafting of replies to Legal Notices issued by ROC.
  • Assisted in creation, registration and modification of Charge with Registrar of Companies.
  • Vetting of agreements including non-disclosure agreements to be placed before the Board for its approval.

Education

Company Secretary -

The Institute Of Company Secretaries Of India
Mumbai
08.2008

LLB - Law

K.C Law College
Mumbai
06.2008

B.Com -

Sydenham College Of Commerce & Economics
Mumbai
06.2005

Skills

  • Regulatory Compliance
  • Data Privacy
  • Policy Compliance
  • Compliance Reviews & Audits
  • Compliance Program Management
  • Internal Controls
  • Risk Management

Languages

  • English, First Language
  • Hindi, Proficient
  • Gujarati, Proficient
  • Marathi, Advanced

Languages

English
First Language

Accomplishments

  • Was selected for the Womentastic program for future women leaders
  • Won the cross functional award for the belief "I own it"

References

References available upon request.

Timeline

Assistant Vice President (Level 2) – Compliance& Data Privacy Lead

TRANSUNION CIBIL LIMITED
02.2015 - Current

Manager - Compliance

AXIS BANK LIMITED
07.2013 - 02.2015

Senior Manager - Compliance And Company Secretary

KOTAK SECURITIES LIMITED
08.2008 - 06.2013

Company Secretary -

The Institute Of Company Secretaries Of India

LLB - Law

K.C Law College

B.Com -

Sydenham College Of Commerce & Economics

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Avani Dedhia