Assistant Vice President – Compliance – NBFC Virtuous Advisors and Resources Pvt. ltd.

The Corporate Institute; Mumbai; On-site; INR 1,500,000 - 2,000,000; Full time

Job summary

The Corporate Institute seeks a compliance-focused professional to lead RBI NBFC compliance and regulatory affairs across the lending business. You will monitor evolving guidelines, shape internal policies, and advise senior leadership on compliance considerations during product design and partnerships.

Ideal candidates will have NBFC regulatory experience, strong risk management skills, and the ability to coordinate audits with RBI and statutory bodies, fostering a culture of compliance.

Qualifications

• Experience in NBFC or legal advisory environments.
• Strong knowledge of RBI guidelines and regulatory expectations.
• Proven track record in compliance-focused roles within financial services.

Responsibilities

• Ensure full compliance with RBI guidelines applicable to NBFCs, including Master Directions, Fair Practices Code, KYC/AML, and Outsourcing Guidelines.
• Ensure compliance with Digital Lending Guidelines, particularly for Lending Service Providers (LSPs), including vetting and finalizing agreements.
• Track and interpret regulatory developments; assess their impact on business operations and ensure timely implementation.
• Develop, review, and update internal compliance policies, SOPs, and manuals in alignment with evolving regulations.
• Advise senior management on regulatory expectations during product design, new business initiatives, and partnerships.
• Conduct regular compliance reviews and audits of business and operational functions.
• Implement compliance testing and monitoring programs to identify and mitigate non-compliance risks.
• Drive organization-wide awareness and training programs on compliance risk.
• Foster a compliance-first culture across all teams.
• Coordinate with internal audit, finance, operations, and technology teams to ensure seamless regulatory adherence.
• Serve as the primary point of contact with RBI, FIU-IND, and statutory auditors on compliance matters.
• Strong understanding of RBI regulations specific to NBFCs (knowledge of IRDAI regulations is a plus).
• Proven experience in a compliance-focused role within an NBFC or legal advisory firm

Skills

RBI NBFC regs

Regulatory compliance

Job description

Description:

Key Responsibilities:

Regulatory Compliance:

• Ensure full compliance with the Reserve Bank of India (RBI) guidelines applicable to NBFCs, including Master Directions, Fair Practices Code, KYC/AML, and Outsourcing Guidelines.
• Ensure compliance with Digital Lending Guidelines, particularly in relation to Lending Service Providers (LSPs), including vetting and finalizing agreements.
• Track and interpret regulatory developments; assess their impact on business operations and ensure timely implementation.

Policy & Framework Development:

• Develop, review, and update internal compliance policies, SOPs, and manuals in alignment with evolving regulations.
• Advise senior management on regulatory expectations during product design, new business initiatives, and partnerships.

Monitoring:

• Conduct regular compliance reviews and audits of business and operational functions.
• Implement compliance testing and monitoring programs to identify and mitigate non compliance risks.

Training & Culture:

• Drive organization-wide awareness and training programs on compliance risk.
• Foster a compliance-first culture across all teams.

Coordination & Governance:

• Coordinate with internal audit, finance, operations, and technology teams to ensure seamless regulatory adherence.
• Serve as the primary point of contact with RBI, FIU-IND, and statutory auditors on compliance matters.

Ideal Candidate Attributes:

• Strong understanding of RBI regulations specific to NBFCs (knowledge of IRDAI regulations is a plus).
• Proven experience in a compliance-focused role within an NBFC or legal advisory firm