Compliance Manager - NBFC

Compliance Manager - RBI/NHB/NBFC

Job Purpose:

The candidate should oversee the organization's adherence to regulatory requirements, disseminate relevant guidelines, conduct internal reviews, manage regulatory inspections. Revise and implement compliance policies, provide guidance to business units, maintain a comprehensive training program, ensure the organization operates in conformity with all applicable laws and regulations.

Duties & Responsibilities:

- Disseminate circulars / letters /advisories/ guidelines issued by the Regulator to relevant business units highlighting the regulatory requirements and monitor compliance of these guidelines.

- Perform compliance testing, internal compliance reviews & monitoring activities.

- 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.

- Keep a track and strict monitoring of all correspondences with the Regulator and ensure that responses to regulatory authorities are properly submitted within the stipulated period of time.

- Assist in managing regulatory inspections. End to end management including obtaining data from various business, review of the data before submission, review of response related Inspection observations, Board notes, etc.

- Ensure business activities are conducted in conformity with all applicable laws, regulations, internal policies and procedures.

- Oversee the creation, revision, and implementation of compliance policies and procedures to ensure they are in line with changing regulations and industry standards.

- Periodically revising the Compliance program in light of changes in the needs of the organization, and in line with changing regulatory landscape.

- Drafting, Review and Advisory for various Polices and obtaining Board approvals on continuous basis.

- Monitoring of NHB filings and periodic returns. Ensuring compliance towards Website and Notice board disclosures. Filing of Cash Transaction (CTRs), STR, Fraud reporting

- Experience in conducting compliance testing and audits

Requirements:

- In-depth knowledge of RBI and NHB, PMLA regulations

- Ability to interpret and apply regulatory requirements to business operations

- Ability to convey complex compliance concepts in a clear and understandable manner

- Attention to detail and ability to analyze data to identify trends and anomalies

- Ability to develop and communicate a clear vision for the compliance function aligned with the company's overall strategy.

- Experience in designing and implementing compliance monitoring and testing programs.

- Proactive in identifying and mitigating compliance risks.