FatakPay Digital - Officer - Risk & Compliance

Job Title: Risk and Compliance Officer.

Location: Mumbai, India.

Reporting To: Chief Executive Officer / Head of Compliance.

Department: Risk and Compliance.

Job Summary:

We are seeking a highly skilled and detail-oriented Risk and Compliance Officer to lead the identification, assessment, and mitigation of risks, and to ensure full compliance with applicable laws, regulations, and internal policies relevant to an NBFC operating in the fintech space.

The ideal candidate will bring deep knowledge of RBI regulations, digital lending guidelines, and financial sector compliance requirements, and will be pivotal in building a strong governance and risk culture.

Key Responsibilities:

Risk Management:

- Develop and maintain a robust enterprise risk management (ERM) framework.

- Identify, assess, monitor, and report operational, credit, market, and strategic risks.

- Monitor and manage risks related to lending, collections, and underwriting models.

- Implement risk mitigation strategies, policies, and procedures.

- Lead periodic stress testing, scenario analysis, and risk reviews.

- Coordinate with functional teams to manage and respond to risk events.

Compliance Management:

- Ensure compliance with all applicable laws, including RBI regulations, Digital Lending Guidelines, PMLA, KYC/AML requirements, NBFC Master Directions, and IT Act.

- Monitor regulatory changes and update internal policies accordingly.

- Conduct periodic compliance audits and risk assessments.

- Liaise with regulatory authorities (RBI, FIU, etc) and ensure timely and accurate regulatory filings and returns.

- Oversee vendor and third-party compliance, including outsourced service providers.

- Drive employee awareness programs on regulatory requirements and ethical standards.

Policy & Governance:

- Draft and maintain risk and compliance policies, SOPs, and frameworks.

- Ensure board-level reporting on risk and compliance metrics.

- Support the internal audit process and assist in implementing recommendations.

- Lead the implementation of a whistleblower policy and compliance incident reporting framework.

Qualifications & Experience:

- Education: CA / LLB / MBA / PG in Risk Management / Finance / Compliance / Law or equivalent.

- Experience: 5-10 years of relevant experience in risk and compliance roles within NBFCs, fintechs, or banks.

- Strong understanding of RBI regulations, credit/lending business, digital lending ecosystem, and data privacy laws.

- Exposure to regulatory technology (RegTech) tools and reporting systems is a plus.

Skills Required:

- Deep knowledge of Indian financial regulatory landscape.

- Strong analytical and problem-solving abilities.

- Excellent communication and stakeholder management skills.

- Ability to work independently and lead cross-functional compliance initiatives.

- Integrity, ethical judgment, and a risk-aware mindset.

Preferred:

- Prior experience working with growth-stage fintech NBFCs.

- Exposure to RBI's Digital Lending Guidelines and customer data protection frameworks.

- Experience in managing internal and external audits.