5 Nbfc Compliance Jobs

Responsibilities for the job Support Lead in providing business advisory in order to ensure clear understanding. Disseminating regulations to business and support function and provide ongoing advisory services. Support in overseeing the critical Compliance policies and systems that impact the NBFC and ensure that the Groups exposure to Regulatory Compliance is managed in a commercially sensitive, practical and cost-effective manner. Good understanding of regulatory agency examining NBFCs, in the field of regulatory compliance providing advice and/or guidance on NBFC regulations. Act as advisory to training team wrt to compliance policies and processes to be followed. Act as advisor to all other departments including all other assurance function. Escalate appropriate concerns to Business compliance and management. Handling RBI reporting. Drafting and review of regulatory policies. Preparing and review of SOPs of various department Organising and conducting Compliance trainings. Analysing penalties imposed by RBI and corresponding lacunas in the system Supporting Lead in Inspections conducted by Regulators Supporting Lead in end to end implementation of RBI Circulars Assisting in preparing responses for various Inspection reports, taking corrective measures and monitoring the same. Other Key Responsibilities: Participate in departmental projects and initiatives, take initiatives for improving compliance culture Eligibility Criteria for the Job Education CS with specific experience of RBI related compliances. Should have ability to read, understand and explain financial statements and its disclosures Work Experience 8-10 years Technical Skills Good knowledge of the industrys standards and regulations. Good knowledge of working on excel and making presentations. Management Skills Problem-Solving, Seeing the big picture, Management Presentation. Soft Skills String Communication Skills and Inter personal Skills Compliance Skill Set: Compliance officers play a crucial role in ensuring that we follow regulations and laws, especially in the fight against money laundering and financial crimes. The compliance function is vital for any organization to maintain a good reputation and protect themselves from legal and financial consequences. With the constantly changing regulatory landscape, it's crucial that we have compliance officers who are up-to-date and have the necessary skills to navigate the challenges of the role. As more and more companies are impacted by financial crimes, it's becoming increasingly important for compliance officers to have the right combination of knowledge, experience, and skills. We need individuals who are able to keep up with the latest developments in the industry, assess risks, and make informed decisions. We also need individuals who can communicate effectively and work collaboratively with other departments to ensure that our compliance policies are properly implemented and followed. Furthermore, the role of compliance officers is becoming increasingly complex as technology continues to evolve. With the rise of digital currencies, mobile banking, and other financial technologies, we need individuals who can understand and utilize these technologies in the fight against financial crimes. Compliance officers must have a good understanding of IT systems and be able to implement and use AML software etc to monitor and detect suspicious activities, process gaps etc. Key Skills in Compliance: Integrity: Integrity is an essential characteristic of any profession. Trusting the employee is very important for companies, especially in sectors with risks such as financial technologies and severe losses. Compliance officers should be transparent with their colleagues, and there should be an atmosphere of trust within the team. It is necessary to make the tasks aware of each other to minimize the margin of error. Attention to Detail: Regulation technologies are updated and renewed frequently. Therefore, it requires people in this industry to keep themselves updated. As regulatory requirements change rapidly, compliance officers must pay attention to and understand them in Detail. Requirements may differ between regions. Compliance officers must follow these details using technology for a healthier compliance mechanism. Compliance officers also must have an eye for details in the various business processes of the Company so that he/she is confident that there is no violation of compliance anywhere. Industry Knowledge: Industry knowledge is essential for employees in all positions. Compliance officers should also follow and know the sector very well. Professionals should be aware of the latest financial crime and money laundering developments, except to follow relevant legal requirements. As it is known, with the development of technology, criminals find and apply new methods every day. Compliance officers should keep track of whether criminals are developing new tactics. Risk Assessment: Risk assessment is vital to compliance. As is known, dealing with financial crimes is quite risky. Employees in this sector strive to minimize this risk. Compliance officers need to consider all factors that contribute to risk scoring. Considering that these risk scores lead to broader business decisions, their implications are understandable. Problem-Solving: One of the routine works of compliance officers is to face problems. Problem-solving ability is essential for compliance officers as well as in many other business lines. The reason for this is the risky nature of the sector. Where there is a risk, decision-makers need to solve the problem with the right method. Practical problem solving is possible with creative and analytical Thinking. Compliance officers face issues such as uncertain regulatory policies and cost issues. For this reason, to create a specific policy, it should be able to identify the risk and solve the problem with a structured and straightforward method. Ability to Interpret: Compliance officers decide whether the person will be guilty as a result of the alarms generated. The only thing you have when making this decision is data. For this reason, the ability to interpret data is essential. The data are not entirely black and white, and there are greys. For this reason, compliance officers need to look at the data they have and understand whether the transaction is a crime. They must draw logical conclusions and decide from the greys in the operations. Seeing the Big Picture: Seeing the big picture may not be a talent, but compliance officers should have this feature. Seeing the big picture is vital for the following reasons. There is a continually changing and renewed system in the sector. Regulators and criminals are improving and scrambling to anticipate the other side's next move. Compliance officers should understand this system and be able to establish their system. Understand what the organizers are trying to achieve and how they can implement it in their approach. Communication: As in every position in business life, compliance officers should also have strong communication. Written and verbal communication skills are critical. This is because the compliance officer must collaborate with everyone within the company, from frontline personnel to the CEO and the board of directors. Compliance officers may need to share relevant and comprehensive information with all company staff at appropriate times. Critical Thinking: Critical Thinking is essential for a compliance officer to do their job right. Critical and Analytical Thinking is essential for analyzing data and making strategic actions. Critical Thinking is among the most crucial adaptation skills in the report prepared by KPMG. The report states the basic principles required for Critical Thinking as follows; open-mindedness, situation analysis, providing context, brainstorming, and conclusion. Being critical of problems to overcome them is a savior for compliance officers. Knowledge About Vulnerability: Administrators must have Knowledge of security policies. In this way, the security vulnerabilities that arise and detect in the system can be prevented without any problems. Compliance officers must have a clear understanding of ISO standards, response regulations, control and abuse policies, monitoring and evaluation techniques, and safety standards such as performance reporting.

Role & responsibilities Ensure full compliance with all applicable RBI regulations pertaining to NBFC operations. Monitor regulatory changes and assess their impact on the companys policies and procedures. Implement and update internal policies in line with RBI circulars, notifications, and masterdirections. Coordinate with departments for compliance with RBI returns and filings. Assist in secretarial functions from a compliance point of view. Support the Company Secretary in ensuring adherence to corporate governance norms and statutory filings. Maintain updated records of RBI correspondence, approvals, and inspection reports. Organize regular compliance training for relevant departments and stakeholders. Keep the management and staff updated on changes in RBI/NBFC regulations. Maintain robust documentation for compliance processes and regulatory correspondence. Ensure availability of supporting documents for inspections, audits, and filings. Preferred candidate profile Company Secretary (CS) with additional qualification in Law/Finance preferred or CA/MBA. Experience in NBFC compliance with strong RBI regulatory knowledge

Monitoring RBI and other Statutory guidelines on an ongoing basis, intimating process owners on the requirements, clarifying dept/process owner queries, implementation of directions in coordination with process owners, ensuring compliance within timelines and periodic reporting of the status. Compliance Risk Management: Compliance Risk Assessment, defining compliance controls and mitigation measures. Support the reporting manager in undertaking advisory function across business verticals on the following and advise/guide the team on the compliance aspects. a. new product approvals, b. new partnership arrangements, c. policy rollout or amendment to policies d. Customer complaints Support the reporting manager in carrying Compliance Risk Assessment exercise (Impact Assessment, Likelihood Assessment, Inherent Risk Assessment, Control mapping and Residual Risk Assessment) for all regulatory and statutory directions across all product verticals and process owners. Support the reporting manager in mapping compliance obligations to process owners on an ongoing basis. Driving compliance awareness across the organization periodically (KYC/AML, FPC, Fraud Reporting, Corporate Governance etc) Support the reporting manager in handling RBI inspection and finalization of responses, day to day RBI Correspondences, returns filing and circulation of Compliance MIS Job Requirements Educational Qualification: CA or CMA or CS or Any other graduation Experience: 3+years.

About Role You will be responsible for ensuring that the NBFC adheres to all regulatory requirements and internal policies. This role involves monitoring compliance risks, managing compliance tool, maintaining trackers, stakeholder management, drafting and modification on policies, implementing regulatory updates, assisting in compliance risk assessments, audits, and supporting in maintaining a robust compliance framework. Roles and Responsibilities: 1. Compliance monitoring and tracking through tools 2. Supporting discussions and execution of compliance actionable with internal stakeholders 3. Coordinating ad-hoc compliance reporting requirements 4. Periodical compliance filing tracking and follow-ups 5. Dissemination of new regulations/policies amongst the stakeholders 6. Performing stress testing as per the plan 7. Policy/SOP drafting/reviewing amongst others Job Description 1. Compliance Tracking through Tool: Managing end to end compliance tool, tracking compliances and vouching the evidence, managing internal stakeholders for closure of open actions in the tool. 2. Regulatory Compliance: Ensure strict adherence to all regulatory requirements, guidelines, and directives issued by the relevant authorities, including the Reserve Bank of India (RBI) and other regulatory bodies. 3. Policy Development: Drafting, revision, and implementation of compliance policies and procedures to ensure they are in line with changing regulations and industry standards. 4. Risk Assessment: Assist in regular risk assessments to identify potential compliance risks and develop mitigation strategies to prevent violations. 5. Training and Awareness: Establish and maintain a compliance training program for employees at all levels, ensuring they are well-informed about compliance requirements and expectations. 6. Internal Audit & Controls: Implement and maintain effective internal control systems to ensure compliance with internal policies and external regulations. Effectively manage the internal auditor with planning and supervision and evaluate corrective measures for satisfaction of audit findings as well as monitor adequacy of corrective procedures 7. Incident Response: Develop and maintain an incident response plan to address compliance violations and ensure timely resolution, reporting, and communication to relevant stakeholders. 8. Monitoring Industry Trends: Stay informed about emerging trends, best practices, and changes in regulatory requirements within the NBFC and banking industry. Requirement from the candidate 1. Bachelor's degree in finance, law, or a related field. Advanced degrees or professional certifications (e.g., Certified Compliance Professional) are a plus. 2. A minimum of 4 years of relevant experience in compliance, risk management, or regulatory affairs, with a strong preference for candidates with a background in NBFC or banking. 3. In-depth knowledge of Indian financial regulations and compliance requirements, including RBI NBFC Scaler Based, Digital Lending, KYC-AML guidelines, etc 4. Excellent communication, negotiation, and interpersonal skills. 5. Analytical and problem-solving abilities with a keen attention to detail. 6. High ethical standards and a commitment to promoting a culture of compliance and integrity 7. Exposure / experience to NBFC inspection/Compliance Risk Assessment

A leading investment fintech startup, is hiring CS + LLB for the role of Legal Assistant Manager with 2+ years of exp who will contribute to various legal, secretarial and compliance work, possess work ex. preferably in a NBFC/ Fintech Company Required Candidate profile -Expert in Companies Act, 2013, RBI, and SEBI regulations -2+ years of experience working in law firms or in-house teams in a co -Pref to candidates who worked in functions related to listed debt co.