Overview
Key Responsibilities:
Risk Management:
– Develop and maintain a robust enterprise risk management (ERM) framework.
– Identify, assess, monitor, and report operational, credit, market, and strategic risks.
– Monitor and manage risks related to lending, collections, and underwriting models.
– Implement risk mitigation strategies, policies, and procedures.
– Lead periodic stress testing, scenario analysis, and risk reviews.
– Coordinate with functional teams to manage and respond to risk events.
Compliance Management:
– Ensure compliance with all applicable laws, including RBI regulations, Digital Lending Guidelines, PMLA, KYC/AML requirements, NBFC Master Directions, and IT Act.
– Monitor regulatory changes and update internal policies accordingly.
– Conduct periodic compliance audits and risk assessments.
– Liaise with regulatory authorities (RBI, FIU, etc.) and ensure timely and accurate regulatory filings and returns.
– Oversee vendor and third-party compliance, including outsourced service providers.
– Drive employee awareness programs on regulatory requirements and ethical standards.
Policy & Governance:
– Draft and maintain risk and compliance policies, SOPs, and frameworks.
– Ensure board-level reporting on risk and compliance metrics.
– Support the internal audit process and assist in implementing recommendations.
– Lead the implementation of a whistleblower policy and compliance incident reporting framework.
Qualifications & Experience:
– Education: CA / LLB / MBA / PG in Risk Management / Finance / Compliance / Law or equivalent.
– Experience: 5-10 years of relevant experience in risk and compliance roles within NBFCs, fintechs, or banks.
– Strong understanding of RBI regulations, credit/lending business, digital lending ecosystem, and data privacy laws.
– Exposure to regulatory technology (RegTech) tools and reporting systems is a plus.
Skills Required:
– Deep knowledge of Indian financial regulatory landscape.
– Strong analytical and problem-solving abilities.
– Excellent communication and stakeholder management skills.
– Ability to work independently and lead cross-functional compliance initiatives.
– Integrity, ethical judgment, and a risk-aware mindset.
Preferred:
– Prior experience working with growth-stage fintech NBFCs.
– Exposure to RBI’s Digital Lending Guidelines and customer data protection frameworks.
– Experience in managing internal and external audits.