Job opening for the Compliance Officer role in a Leading NBFC at Mumbai.
Role: Compliance Officer
Location: Mumbai
Working Days: 5 Days
Work Mode: Work from Office
Note: We are considering candidates who are available to join immediately or within a maximum notice period of 30 days.
Roles & Responsibilities:
This role will ensure adherence to RBI and SEBI regulations, support governance processes, manage audits and inspections, and provide compliance guidance to senior leadership and board-level committees. The ideal candidate will have strong expertise in regulatory compliance, risk management, and legal matters.
Key Responsibilities
Regulatory Monitoring & Implementation
- Continuously track and evaluate regulatory updates relevant to the organization.
- Assess the impact of regulatory changes on policies and business processes.
- Disseminate updates to senior management and ensure timely implementation.
Compliance Advisory & Governance
- Ensure strict adherence to RBI and SEBI guidelines.
- Provide compliance advisory to business teams on loan proposals and related matters.
- Present compliance updates and key issues to the Board and board committees.
Reporting & Communication:
- Prepare and submit periodic returns to RBI and other regulators.
- Act as the single point of contact for regulatory queries and clarifications.
- Coordinate with group entities to share compliance updates and submit data.
Testing & Review
- Develop and implement the annual compliance testing plan.
- Report significant compliance lapses to the Audit Committee and senior leadership.
- Conduct regular compliance reviews and test internal controls across departments.
Audit & Inspection Management:
- Lead annual RBI inspections, statutory and internal audits, and other regulatory reviews.
- Ensure audit readiness, effective participation, and timely closure of audit findings.
Legal:
- Handle legal matters including contracts, compliance, litigation, and regulatory affairs.
Qualifications & Skills:
- Bachelors or Master's degree in Law, Finance, or related field.
- 7-13 years of experience in regulatory compliance, preferably in banking or NBFC sector.
- Strong understanding of RBI and SEBI regulations and financial compliance frameworks.
- Excellent communication, analytical, and stakeholder management skills.
- Experience in handling audits, inspections, and board-level presentations.
Preferred Attributes:
- Certification in Compliance, Risk Management, or related areas.
- Experience in policy drafting and governance.
- Familiarity with compliance systems and automation tools.
Note: We are considering candidates who are available to join immediately or within a maximum notice period of 30 days.
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