One of the fastest growing investment platform looking to democratize access to financial services for millions of Indians responsibly is hiring for Manager -Banking Compliance

Location - Malad, Mumbai

Qualification - Commerce graduate, qualified CA/CS/Law graduate

EXPERIENCE: 4 – 6 years of experience in Retail/ Digital banking compliance or with similar experience

Responsibilities :

Managing compliances for third party Banking businesses covering products viz. Credit (digital lending), Fixed deposits, Cards, Savings account etc.

• Designing and implementing a Compliance Framework for each product and provide advisory/clarification to stakeholders.

• Provide support to NBFC business in implementing RBI guidelines on Digital Lending etc.

• Dissemination of regulatory circulars to internal stakeholders and ensuring timely closure of their actionable. Review of Vendor/Business Correspondence (BCs)/Lending Service Providers (LSPs) legal agreements as per specific regulatory guidelines of RBI, NPCI etc.

• Understand Know Your Customer (KYC) regulations, IRAC norms etc.

• Tracking of regulatory correspondences and maintain repository of all regulatory communication.

• Handling of Banking partners audits & regulatory inspections.

• Conducting process audits / compliance testing at regular intervals.

• Conducting compliance risk assessment & ensure identified risks are mitigated.

• Well-versed with IT laws, Information security & Data privacy requirements. 

Preferred skills:

Should have worked at a mid-senior level in the compliance function in retail banking/retail lending compliance or process compliance.

• Experience in Payment related compliances will be an added advantage.

• Effective communication skills as required to communicate with functional heads and other stakeholders.

• Process focused and laying down best standards of functioning. • Deadline and Detailed oriented.

• Good presentation skill for interacting with inter department and Regulators