Compliance Officer-NBFC

We are seeking an experienced Compliance Officer (CO) who is responsible for ensuring that the company complies with all applicable regulatory requirements as per RBI guidelines Companies Act, and any other relevant laws or standards. The role is crucial in ensuring the NBFC operates within legal boundaries while maintaining its ethical standards.

Role & responsibilities

Regulatory Compliance

• Monitor compliance with the RBIs Scale-Based Regulation (SBR) guidelines specific to Mid-Layer NBFCs.
• Ensure timely submission of regulatory returns to RBI and other statutory authorities.
• Stay abreast of regulatory changes and ensure prompt implementation within the organization.

2.Compliance Framework

• Design and implement a comprehensive compliance policy and manual tailored for Mid-Layer NBFCs.
• Develop systems for early detection of compliance risks.
• Regularly review internal policies and procedures for alignment with regulatory changes.

3.Monitoring & Reporting

• Conduct periodic compliance audits and risk assessments.
• Submit regular reports on compliance status to senior management and the Board.
• Maintain records of all compliance-related documentation.

4.Training & Advisory

• Educate and train employees on compliance obligations.
• Serve as the key contact person for internal departments for all compliance-related matters.
• Provide advisory support to the business in launching new products, entering new markets, or modifying existing processes.

5.Liaison & Communication

• Act as a liaison between the company and regulators (RBI, FIU, MCA, etc.).
• Handle inspections and queries from regulatory bodies efficiently.

Preferred candidate profile

• In-depth knowledge of regulatory requirements (RBI, Companies Act, PMLA etc.)
• Strong understanding of risk management and internal control systems.
• Excellent communication and interpersonal skills.
• Strong analytical and problem-solving ability.
• Ability to handle inspections and respond to regulatory findings.
• Must have hands-on experience in dealing with RBI regulations, especially those applicable to Mid-Layer NBFCs under the Scale-Based Regulation framework
• Must report to CFO

vacancies.thakurgroupofcos@gmail.com