Assessing the compliance / regulatory risks faced by the business and to ensure that the Company appropriately manages those risks.
Disseminating regulations to business and support functions and providing ongoing advisory services to ensure that the Company operates in accordance with all regulatory and legal requirements.
Review and regular update of policies and procedures in view of new regulations including compliance manuals.
Managing all Correspondence with the RBI by acting as a principal interface between the Company and RBI (eg. To manage the relationship with the regulator, coordinate when any regulatory approvals are needed, Coordinating efforts related to regulatory audits and reviews)
Provide compliance opinions to the internal stakeholders on applicability of regulatory laws / guidelines in relation to activities of the Company (eg : customer communication in app, website or documents)
Overseeing and monitoring the implementation of the compliance framework.
Independently investigating and acting on matters related to compliance.
Preparing and presenting clear and concise compliance reports to the management and timely escalations to the Leadership team on incidents of breaches and suggest corrective actions.
Effective verbal and written communication
Effective interpersonal skills to effectively communicate and coordinate complex issues and projects with diverse levels of management and employees (Stakeholder management)
Conversant with RBI regulations applicable to Banks and NBFCs (apart from general knowledge of business processes followed by NBFC on-ground in relation to loan disbursements and repayments)
CA / LLB with 5-7 years experience in the Compliance team of any NBFC / Fintech. (initial banking experience is not a must have)
Should have experience of directly interacting with RBI
Ability and willingness to single-handedly conduct all compliance related functions.