Assistant Vice President - Compliance - NBFC

Description:

Key Responsibilities:

Regulatory Compliance:

- Ensure full compliance with the Reserve Bank of India (RBI) guidelines applicable to NBFCs, including Master Directions, Fair Practices Code, KYC/AML, and Outsourcing Guidelines.

- Ensure compliance with Digital Lending Guidelines, particularly in relation to Lending Service Providers (LSPs), including vetting and finalizing agreements.

- Track and interpret regulatory developments; assess their impact on business operations and ensure timely implementation.

Policy & Framework Development:

- Develop, review, and update internal compliance policies, SOPs, and manuals in alignment with evolving regulations.

- Advise senior management on regulatory expectations during product design, new business initiatives, and partnerships.

Monitoring:

- Conduct regular compliance reviews and audits of business and operational functions.

- Implement compliance testing and monitoring programs to identify and mitigate non compliance risks.

Training & Culture:

- Drive organization-wide awareness and training programs on compliance risk.

- Foster a compliance-first culture across all teams.

Coordination & Governance:

- Coordinate with internal audit, finance, operations, and technology teams to ensure seamless regulatory adherence.

- Serve as the primary point of contact with RBI, FIU-IND, and statutory auditors on compliance matters.

Ideal Candidate Attributes:

- Strong understanding of RBI regulations specific to NBFCs (knowledge of IRDAI regulations is a plus).

- Proven experience in a compliance-focused role within an NBFC or legal advisory firm