Overview
Job Summary:
Rupeek Fintech is seeking a highly experienced and dynamic Compliance Officer to join our leadership team. The CO will play a critical role in ensuring the organization’s adherence to regulatory requirements and internal policies, fostering a robust compliance culture, and serving as a liaison with regulatory bodies. The ideal candidate would have extensive experience in the BFSI sector, particularly with NBFCs, and a proven track record in managing compliance functions and interacting directly with regulators.
Job Title: Compliance Officer
Education: CA/CS or equivalent professional qualification.
Experience: Minimum of 10+ years of work experience in the BFSI sector, with at least 5+ Years
leadership level experience in compliance, particularly in Bank/NBFC.
Location: Bangalore/Mumbai
Key Responsibilities:
– Compliance Oversight: Assist the Board and Senior Management in implementing and overseeing the Compliance Policy, including policies and procedures, Compliance Manuals, internal codes of conduct, and more.
– Compliance risk Identification and Mitigation: Identify compliance risks within the organization, analyze risks associated with existing and new products/processes, and implement appropriate risk mitigants. Participate in ‘new product’ committees to ensure intensive monitoring of new products for the first six months.
– Monitoring and Testing: Conduct sufficient and representative compliance testing, report results to Senior Management, and circulate instances of compliance failures among staff along with preventive instructions. Examine staff accountability for major compliance failures.
– Regulatory Compliance: Ensure compliance with regulatory and supervisory directions from the RBI and other regulators in both letter and spirit, in a time-bound and sustainable manner. Ensure all Risk Mitigation Plan (RMP) and Monitorable Action Plan (MAP) points are compiled within prescribed timelines.
– Regulatory Liaison: Serve as the primary contact point between the company and regulators/supervisors, participate in structured or regular discussions with the RBI, and communicate compliance to RBI inspection reports through the Compliance Function.
– Stakeholder Support: Act as a reference point for internal stakeholders from operational departments for clarifications/interpretations of various regulatory and statutory guidelines.
Skills & Experience:
– Minimum of 10+ years of work experience in the BFSI sector, with at least 5+ Years leadership level experience in compliance, particularly in Bank/NBFC.
– CA/CS/PGDM/MBA or equivalent professional qualification.
– Proven experience in dealing directly with RBI/NHB as a regulator and managing RBI/NHB audits for at least 5 years.
– Demonstrated experience in dealing with Senior Board Members and Independent Directors in previous roles.
– Ability to take ownership of and strengthen the compliance culture within the organization.
– Understanding of regulatory requirements and internal policies relevant to the NBFC sector.
– Ability to interpret and translate regulations into actionable compliance plans.
– Experience in developing and implementing a Compliance Policy and related materials.
– Knowledge of risk identification and mitigation strategies in a compliance context.
– Proven ability to conduct compliance testing and analyze results.
– Ability to clearly explain regulations and compliance procedures to internal and external stakeholders as well as to the Board.
– Ability to confidently represent the company as a liaison with relevant regulatory bodies.
– Strong leadership skills to foster a robust compliance culture within the organization.
– Experience working effectively with a Board of Directors, including independent directors.
– Ability to analyze complex regulations and identify potential compliance risks.
– Skills to assess risks associated with new products and processes.
– Attention to detail and accuracy in ensuring adherence to regulations.
– Project management skills to oversee and manage compliance initiatives.
– Staying up-to-date with regulatory changes within the BFSI sector.