Compliance Advisory Role - NBFC

Job Role : Compliance Advisory Role- NBFC

Location : Mumbai

Key Responsibilities:

1. Compliance Advisory & Interpretation - Retail Assets:

Act as the primary subject matter expert (SME) for RBI regulations applicable to all retail asset products, including:

- Housing Loans

- Vehicle Loans

- Business/SME Loans

- Rural/Unsecured Loans

- Supply Chain Finance

- Asset-backed & secured loan products

- Advise product, credit, risk, and business teams on regulatory requirements for new product launches, modifications, and process changes.

- Lead interpretation of new RBI circulars, scale-based regulations, digital lending guidelines, and emerging compliance norms.

- Review and approve policies, SOPs, playbooks, and customer-facing documents from a compliance standpoint.

2. Compliance Framework & Monitoring:

- Oversee compliance monitoring across the retail lending value chain - onboarding, underwriting, disbursal, documentation, collections, and branch processes.

- Lead the implementation and monitoring of compliance certification tools (e.g., Insights or equivalent).

- Conduct thematic reviews, compliance risk assessments, and periodic KYC/AML and ML/TF testing for retail portfolios.

- Ensure strong governance for DSAs, channel partners, fintech partnerships, and branches.

3. Regulatory Inspection & Governance:

- Lead RBI inspections for retail asset portfolios and branch network.

- Drive inspection preparation, data management, response drafting, and closure of observations.

- Liaise with RBI officials, auditors, and regulatory bodies for ongoing and event-driven compliance matters.

- Manage regulatory filings, approvals, and applications on RBI portals.

4. Digital Lending Oversight:

- Oversee compliance for digital retail lending journeys, including:

- Digital onboarding

- DLA/FLDG norms

- First-loss guarantees

- LSP governance

- Repayment/collection guidelines

- Ensure alignment with RBI's Digital Lending Guidelines and partner-level compliance.

5. Policy, Training & Stakeholder Leadership:

- Drive organization-wide training on compliance requirements for retail lending teams, branches, sales, credit, and operations.

- Prepare Board and senior management updates, risk committee presentations, and compliance dashboards.

- Assist in regulatory reporting, compliance audits, and cross-functional governance reviews.

Key Skills & Competencies:

- Deep knowledge of RBI regulations for retail lending, including KYC/AML, Fair Practices Code, digital lending, outsourcing guidelines, partner governance, and SBR norms.

- Strong understanding of the retail asset business landscape (secured & unsecured).

- Experience in leading RBI inspections and interacting with regulatory authorities.

- Ability to influence senior stakeholders and drive compliance culture.

- Strong analytical, communication, and regulatory interpretation skills.