Compliance Lead - Unsecured Business Lending - NBFC

Position Title: Compliance Lead

Designation - AGM

Location: Mumbai

Reports To: Chief Financial Officer (CFO)

Key Responsibilities:

Compliance Management:

- Oversee and ensure compliance with all RBI regulations and policies applicable to NBFCs, particularly in the context of unsecured business lending.

- Develop, implement, and monitor compliance programs to ensure adherence to internal policies and external regulatory requirements.

RBI Interaction:

- Maintain strong relationships with RBI officers and serve as the primary point of contact for all RBI-related matters.

- Facilitate and manage RBI audits, ensuring all necessary documentation and responses are provided in a timely manner.

- Prepare and submit regular and ad-hoc reports to RBI, ensuring accuracy and compliance with reporting requirements.

Regulatory Affairs:

- Engage in liaison activities with regulatory bodies, stakeholders, and legal authorities as required.

- Ensure all compliance documentation adheres to regulatory standards and is legally sound.

- Stay updated with changes in regulatory requirements and ensure the company's compliance programs are updated accordingly

Policy and Procedure Development:

- Develop and update compliance policies and procedures to reflect current regulatory requirements and best practices.

- Conduct regular reviews and updates of compliance programs to ensure effectiveness and efficiency.

Risk Management:

- Identify potential compliance risks and develop strategies to mitigate these risks.

- Conduct internal compliance audits and risk assessments, providing recommendations for improvements.

Qualifications and Experience:

Education:

- Professional qualifications such as Chartered Accountant (CA)/LLB

Experience:

- Minimum of 8 years of experience in compliance, with at least 3-4 years in the NBFC sector, specifically in unsecured business lending.

- Proven track record of managing RBI audits, reporting, and maintaining robust relationships with RBI officers.