Manager - Compliance (Secured Lending)

Designation/ Role here

Designation

Manager – Compliance

Grade/ Consultant

Level 2 – Manager

Reporting to

Lead – Compliance

Location

HO, Mumbai

Function

Risk

Job Purpose

This role requires a dynamic candidate who shall be pro-active part of second line of defence i.e. compliance function, independently set-up compliance paradigm and work with various stakeholders to ensure compliance culture is ensure.

Role

• Prepare detailed compliance requirements of various circulars and guidelines issued by the regulators, assist in issuing compliance guidelines and verify their compliance on periodic basis,
• Assist & set-up development and providing clearance to various policies & SOPs of organization and ensure that Policy Compliance is being done on periodic basis,
• Evaluate various circulars / products / processes across the Company to assess the compliance risk at the Company level and at Business Unit /Support Unit level.
• Ensure submission of all off-site compliances to RBI by working with internal stakeholders,
• Ensure set-up of conduct of business regulations which includes FPC & KYC-AML Compliance,
• Work with Product, Tech & Ops team on various initiatives such as product clearance and digital initiatives,
• Work with control stakeholders such as Compliance Testing unit, Internal Auditors, Statutory Auditors and Regulators and resolve any and all issued which may come up,
• Ensure compliance with requirements under corporate agency,
• Be a SPOC in all regulatory inspections and ensure compliance under it & assist in providing certifications to the regulators,
• Maintain a broad knowledge of the business and regulatory framework for NBFCs and stay aware of the latest regulatory developments within the industry through Networking with peers across banks.
• Conduct periodic reviews of the compliance department in line with the regulatory requirements.
• Explain the circulars / guidelines to the Business / Support Units wherever required to increase their understanding about the regulatory guidelines,
• Drive the compliance culture and agenda within the Organization,
• Support the compliance head and the team members in executing specific projects / work assignments

Qualification & experience

Professional (CA / MBA-Finance / CS / Lawyer from reputed institute)

• Compliance role in NBFC for 5-7 years preferably in Secured Lending (LAP/CF/Gold Loan)
• Candidates with knowledge of operating compliance of NBFC/HFC
• Knowledge of overall NBFC environment and regulatory circulars/guidelines.
• Prior experience of regulatory inspections with analytical mind and ability to assess & solve the complexities of procedures and regulations.