Compliance Officer

Job Description

About Company: DhanVita Fintech Private Limited was founded in September 2023 with a clear mission to make funding for Student fees and medical expenses more accessible. Our specialized online lending platform addresses a crucial market gap by streamlining payments for Schools and Hospitals, leading to predictable cash flow and improved financial planning. Role Summary: The Compliance Officer is responsible for ensuring the organization’s adherence to internal policies, external regulations, certification standards, and risk management frameworks. This role plays a critical part in supporting data privacy, managing document control, ensuring audit readiness, and driving a culture of compliance throughout the organization. Key Responsibilities: Regulatory Compliance: · Ensure compliance with applicable rules and regulations including those set by the RBI. · File statutory returns with regulatory authorities such as RBI (Eg: NBS1, NBS2, NBS7) · Creating and implementing robust compliance policies and procedures. · Ensure all policies are approved by the board and communicated effectively to staff. · Conduct an internal compliance audit to detect and correct potential violations. · Maintain compliance dashboards and provide regular reports to senior management and the board of directors. · Provide guidance to the Board regarding compliance risk exposure and strategies for mitigation. · Monitor transactions and activities for potential AML (Anti money laundering) issues and report suspicious transaction reports to the senior management. · Act as SPOC for communication with regulatory authorities. · Organize inspections and audits conducted by the RBI or other regulatory bodies. · Guarantee timely responses to inquiries or notifications from regulatory authorities. · Assist in identifying compliance risks and suggest mitigative actions. · Conduct training programs for employees on compliance, regulatory updates and other business practices. Create awareness of consequences of non-compliance. · Ensure grievances are addressed in accordance with regulatory norms and internal policies. Requirements: · Minimum of 2 years of experience in compliance, legal, or regulatory roles in the financial services industry, preferably in an investment bank. · Strong understanding of relevant laws, regulations, and industry standards. · Excellent analytical skills with the ability to interpret complex regulations. · Strong communication and interpersonal skills. Adhere to information security and confidentiality protocols. · Staying updated on changes to relevant laws and regulations, as well as emerging industry standards. Job Types: Full-time, Permanent Pay: ₹800,000.00 - ₹1,400,000.00 per year Benefits: Health insurance Provident Fund Schedule: Day shift Night shift Rotational shift Experience: NBFC: 2 years (Required) Work Location: In person