Compliance Officer - NBFC

Job Title: Compliance Officer - NBFC

Location: Mumbai

Reports To: Business Head - NBFC

Organisation: New start up NBFC (recently received NBFC license)

Role Overview:

The Compliance Officer NBFC will be responsible for ensuring that all operations, documentation, and transactions under the Loan Against Securities (LAS) business comply with applicable RBI guidelines, SEBI regulations, and internal Group policies. The role involves continuous monitoring of regulatory adherence, risk governance, reporting, and policy implementation within the LAS vertical.

The incumbent will act as a key interface between business, operations, legal, and risk teams to ensure the companys lending and securities processes are aligned with the highest standards of regulatory compliance and governance.

Key Responsibilities:

1. Regulatory Compliance & Governance

- Ensure compliance with RBI Master Directions for NBFCs, LAS-related regulatory norms, and SEBI / depository guidelines and Companies Act compliances (CS degree holder preferred).

- Review and validate LAS documentation, lien marking, pledge creation, and release processes for adherence to regulatory standards.

- Keep abreast of new circulars, notifications, and amendments impacting LAS operations and update internal teams accordingly.

- Conduct periodic compliance reviews to ensure operational alignment with approved policies and procedures.

2. Policy Implementation & Review

- Assist in drafting, reviewing, and updating LAS-related policies, Standard Operating Procedures (SOPs), and internal control frameworks.

- Work with risk and credit teams to ensure lending practices adhere to defined risk limits, exposure norms, and collateral management standards.

- Support in aligning LAS processes with broader NBFC compliance and corporate governance frameworks.

3. Monitoring & Reporting

- Monitor client-level exposures, margin call practices, and portfolio monitoring for compliance with internal and regulatory limits.

- Prepare and submit regulatory and internal compliance reportsincluding audit reports, RBI returns, and periodic MIS.

- Track and report deviations, potential breaches, or non-compliance incidents with timely escalation and corrective actions.

4. Audit & Inspection Coordination

- Facilitate internal, statutory, and regulatory audits, ensuring timely submission of data and resolution of audit observations.

- Conduct internal compliance checks across business, operations, and credit functions related to LAS.

- Maintain comprehensive documentation and evidence trails for all LAS compliance activities.

5. Stakeholder Management

- Collaborate with Business, Operations, Risk, Credit, and Legal teams to ensure compliance is embedded into day-to-day processes.

- Act as the point of contact for regulatory inspections or information requests specific to LAS.

- Conduct compliance awareness and training sessions for employees handling LAS transactions.

Key Skills & Competencies:

- In-depth understanding of RBI regulatory framework for NBFCs and LAS guidelines.

- Familiarity with SEBI, NSDL/CDSL depository operations, and securities-based lending compliance norms.

- Strong analytical and interpretation skills for reviewing circulars, policies, and legal clauses.

- Excellent reporting, documentation, and audit coordination skills.

- Proficiency in MS Excel, PowerPoint, and regulatory reporting tools.

- High ethical standards, attention to detail, and ability to work cross-functionally.

Qualifications & Experience:

- Graduate/Postgraduate in Law, Commerce, Finance, or related field.

- Professional certifications such as Company Secretary (CS), LLB, or Certified Compliance Professional preferred.