AVP Compliance & Secretarial

Role & responsibilities

Regulatory Compliance (RBI & IRDAI):

• Ensure ongoing adherence to all applicable RBI NBFC and IRDAI regulatory guidelines.
• Review and monitor timely and accurate filing of periodic returns and reports as per RBI regulations.
• Handle timely submission of ad hoc regulatory data requests and maintain liaison with RBI officials for compliance-related matters.
• Keep the company website and disclosures updated in line with regulatory requirements.

KYC/AML & PMLA Compliance:

• Ensure compliance with KYC norms and PMLA regulations across customer onboarding and ongoing monitoring.
• Support the implementation and oversight of KYC and AML software systems.
• Conduct ML/TF (Money Laundering/Terror Financing) risk assessments and support suspicious transaction reviews.

Inspection & Audit Coordination:

• Lead and manage regulatory inspections, particularly by the RBI, and ensure timely and accurate responses to queries.
• Liaise with internal auditors and statutory auditors on compliance matters and provide necessary data support.
• Ensure timely closure of audit observations and implementation of recommended actions.

Policy, Process & Product Oversight:

• Review and update regulatory policies and compliance SOPs in line with legal and business requirements.
• Oversee compliance across all business products to ensure alignment with RBI norms.
• Review and vet loan documentation, customer-facing templates, and related legal documents from a compliance standpoint.
• Ensure branch-level compliance is maintained uniformly across locations.

Compliance Monitoring & Testing:

• Conduct periodic compliance testing and monitoring to evaluate adherence to internal and regulatory controls.
• Continuously assess and enhance internal control mechanisms and streamline compliance processes.
• Maintain a robust compliance risk framework, including timely reviews of the business model for emerging regulatory risks.
  

Preferred candidate profile

• The ideal candidate should be a qualified CA, MBA, or CS with a strong understanding of RBI and IRDAI regulatory frameworks.
• Prior experience in compliance roles within NBFCs or financial institutions is required.