Key Responsibilities:

1. Regulatory Compliance Monitoring:

- Monitor RBI circulars, notifications, master directions, guidelines, and other regulatory developments applicable to NBFCs.

- Assess the impact of new and amended regulations on various business functions.

- Ensure regulatory requirements are incorporated into internal policies, SOPs, and operational processes.

- Maintain a repository of applicable regulatory requirements and compliance obligations.

2. Compliance Audit:

- Develop and execute a risk-based Regulatory Compliance Audit Plan.

- Conduct periodic audits across business functions.

- Evaluate adherence to RBI regulations, internal policies, board-approved frameworks, and statutory requirements.

- Perform thematic and focused reviews based on regulatory risks.

3. Gap Assessment & Reporting:

- Identify regulatory non-compliances, control weaknesses, and process gaps.

- Conduct root cause analysis for audit observations.

- Prepare detailed audit reports highlighting:

1. Nature of non-compliance

2. Regulatory reference

3. Business impact

4. Risk rating

5. Corrective action recommendations

- Present findings to senior management and relevant stakeholders.

4. Corrective Action Tracking:

- Work closely with business and functional teams to implement corrective actions.

- Monitor progress against agreed action plans.

- Validate closure of audit observations through follow-up reviews.

- Escalate unresolved or overdue observations to management.

5. Regulatory Advisory:

- Provide guidance to business teams on interpretation and implementation of RBI regulations.

- Participate in policy reviews to ensure regulatory alignment.

- Support departments during regulatory inspections and internal/external audits.

6. Risk Management:

- Identify emerging regulatory risks.

- Recommend preventive controls and process improvements.

- Strengthen the organization's compliance culture through proactive reviews.

7. Stakeholder Management:

- Collaborate with business heads, compliance, legal, risk, finance, operations, and IT teams.

- Build strong working relationships to facilitate timely implementation of audit recommendations.

8. Documentation & Governance:

- Maintain comprehensive documentation of audit working papers, evidence, reports, and compliance trackers.

- Prepare periodic MIS and dashboards for management and Board-level committees.

- Ensure audit documentation meets regulatory and internal quality standards.

Required Qualifications:

- Chartered Accountant (CA), MBA (Finance), Company Secretary (CS), CMA, LLB, or equivalent professional qualification.

- Certification in Internal Audit, Risk Management, Compliance, or Regulatory Auditing will be an added advantage.

Experience:

- 8 - 12 years of experience in NBFCs, Banks, Financial Institutions, or Audit/Consulting firms.

- Minimum 5 years of experience in Regulatory Compliance.

- Hands-on experience in auditing RBI regulatory compliance for NBFCs.

- Experience in interacting with regulators, auditors, and senior management is preferred.