Part-Time RBI Retired Director (Consultant) FinTech-Focused NBFC HaodaPay

5.0 - 9.0 years

0 Lacs

chennai, tamil nadu

On-site

As a highly experienced and knowledgeable RBI Retired Director, you will join our FinTech company as a Part-Time Consultant. Your primary responsibility will be to provide strategic guidance on RBI regulations, compliance, risk management, and corporate governance, ensuring that our organization adheres to the latest regulatory standards. Your role will involve advising on policy formulation, regulatory reporting, audit readiness, risk mitigation, and governance frameworks. You will also be responsible for liaising with RBI authorities and training internal teams. Your expertise will play a crucial role in strengthening our compliance posture and aligning our operations with RBI norms. Responsibilities include: Regulatory Compliance & FinTech Advisory: - Provide expert guidance on RBI's evolving regulatory landscape for digital lending, P2P lending, and fintech-NBFC collaborations. - Advise on RBI's digital lending guidelines, including Loan Service Provider (LSP) and First Loss Default Guarantee (FLDG) frameworks. - Ensure full compliance with RBI regulations, including data security, KYC norms, and fair lending practices in digital transactions. Digital Lending & Risk Management: - Guide the company on compliance with RBI's guidelines on digital lending apps (DLAs) and third-party integrations. - Assist in structuring digital lending partnerships while adhering to co-lending and regulatory sandbox guidelines. - Identify and mitigate risks related to algorithm-based lending, AI-driven credit scoring, and digital fraud prevention. Policy & Framework Development: - Assist in formulating policies for digital lending operations, customer data protection, grievance redressal, and responsible AI usage. - Recommend governance frameworks that align with RBI's expectations for digital NBFCs and FinTech collaborations. - Advise on robust cybersecurity, customer consent management, and data localization as per RBI directives. RBI Audits & Regulatory Inspections: - Guide the company in preparing for RBI audits, digital compliance checks, and regulatory technology (RegTech) implementation. - Assist in resolving RBI observations related to digital lending models, API-based integrations, and online credit disbursements. - Ensure transparent reporting and disclosure of digital lending transactions to RBI. Training & Regulatory Updates: - Conduct workshops for senior leadership, product managers, compliance officers, and tech teams on RBI's fintech guidelines. - Keep the organization updated on new RBI circulars related to digital lending, prepaid instruments, and fintech regulations. - Advise on NBFCs digital transformation strategy in compliance with financial and operational guidelines. Liaison with RBI & Other Regulatory Bodies: - Support in responding to regulatory queries related to fintech-NBFC operations, data governance. - Help establish strong communication with RBI, NPCI, UIDAI, and other financial regulators for seamless operations. - Assist in drafting regulatory submissions, clarifications, and compliance reports for fintech lending activities. Strategic FinTech Advisory: - Guide in scaling digital lending operations while ensuring compliance with risk-based pricing and algorithmic transparency. - Advise on integrating Blockchain, Open Banking, and Embedded Finance solutions while adhering to RBI and Data Protection laws. Qualifications & Experience: - Retired Director/Executive from RBI with extensive expertise in fintech regulations, digital lending, and NBFC compliance. - Experience in handling RBI audits, policy formulation, and regulatory risk assessments for fintech-NBFC operations. - Strong advisory skills for digital finance and financial inclusion strategies. - Excellent communication and regulatory liaison experience.,

Posted 5 days ago

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