Business Governance Specialist

Muthoot Fincorp Limited; Chennai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Muthoot Fincorp Limited seeks a Business Governance Specialist (BPFD) in Chennai to support regulatory change management, compliance monitoring, RBI inspections, and regulatory submissions. The role requires coordinating across business functions to strengthen governance and improve controls.

Ideal candidate has approximately 9 years in regulatory compliance and governance, with strong Excel reporting skills and proficiency in MS Office.

Qualifications

• Strong knowledge of regulatory compliance and internal controls.
• Experience with audit requirements and process adherence.
• Excel-based reporting, reconciliation, variance analysis, and tracking.
• MS Office suite, especially Excel and PowerPoint.

Responsibilities

• Review RBI circulars, directions and other regulatory updates and assess applicability to BPFD; prepare updates with dates, impact, and owners.
• Maintain regulatory change tracker and coordinate timely implementation.
• Identify compliance gaps and coordinate resolutions with stakeholders.
• Coordinate RBI inspection requirements, data requests, and submissions; ensure evidence is complete.
• Maintain organized records of regulatory communications, testing, observations and remediation evidence.
• Propose improvements to strengthen controls and standardize compliance monitoring.
• Support automation and standardization of reporting and reconciliations across BPFD.
• Promote adherence to policies and internal controls across BPFD.

Job description

SPECIALIST BUSINESS GOVERNANCE

Role Profile Business Governance Specialist (BPFD) Page Break ROLE SPECIFICATION Role Title Business Governance Specialist Employee Interviewed Visakh Krishnan K Reports To Vijay S Company Muthoot Fincorp Limited Function/Department Business Governance Location Chennai Written By Vijay S Approved By (Functional) Vinod Reddy Approved By (People & Culture) To be updated by HR Date (Written On) 15th October 2026

ROLE SUMMARY

The Business Governance Specialist will support the Business Governance function of the Business and Personal Finance Division (BPFD), with a focus on regulatory change management, compliance monitoring, RBI inspection coordination, regulatory reporting and issue closure. The role involves assessing the applicability of RBI regulatory requirements, conducting compliance reviews and sample-based testing, identifying process and control gaps, coordinating the implementation of corrective actions, and maintaining supporting evidence. The position will also support RBI inspections, regulatory data requests and submissions, preparation of responses to regulatory observations, and monitoring of action plans across secured and unsecured lending products. The role requires effective coordination with business and support functions to strengthen governance, ensure process adherence and improve the effectiveness of compliance controls.

ORGANIZATIONAL CHART

KEY RESPONSIBILITIES

OPERATIONS & Transactional Track

RBI circulars, Directions, notifications and other regulatory developments relevant to the Company and assess their applicability to BPFD. Prepare regulatory updates and applicability notes, highlighting implementation requirements, effective dates, business impact and action owners. Maintain the regulatory change tracker and coordinate with relevant functions to facilitate timely implementation of regulatory requirements. Identify compliance gaps, process deviations, system exceptions and documentation deficiencies, and coordinate with relevant stakeholders for resolution. Coordinate RBI inspection requirements, regulatory data requests and indents, including collection, validation, reconciliation and timely submission of information. Maintain organised records of regulatory communications, submissions, compliance testing, observations and remediation evidence.

Process Improvement

Identify opportunities to strengthen compliance controls, standardise workflows and improve the effectiveness of compliance monitoring. Analyse recurring exceptions and observations to identify root causes and recommend appropriate corrective and preventive measures. Develop and maintain standardised compliance checklists, testing templates, reporting formats and evidence repositories. Support automation and standardisation of compliance reporting, reconciliations, exception monitoring and recurring management reports. Promote adherence to approved policies, operating procedures, documentation standards and internal controls across BPFD.

KEY INTERACTIONS

Internal Stakeholders External Stakeholders Chief Business Officer - BPFD Chief Compliance Officer - MFL BPFD Operations BPFD Credit BPFD Policy and Process Management BPFD Collections Other teams across BPFD Reserve Bank of India External Auditors External Legal / Regulatory Consultants Other Assurance Stakeholders

KEY ROLE DIMENSIONS

Geographical coverage – Pan India Direct reportees - NIL Total team size - 4 BPFD

KEY SKILLS & BEHAVIOURAL ATTRIBUTES

Working knowledge of regulatory compliance, internal controls, process adherence and audit requirements. Ability to interpret regulatory requirements and coordinate their implementation across business functions. Strong Excel-based reporting, reconciliation, variance analysis and exception tracking skills. Ability to maintain compliance trackers, monitor action plans and drive timely issue closure. Proficiency in MS Office, particularly Excel and PowerPoint.

EDUCATION / EXPERIENCE

Bachelor of Commerce in Corporate Secretaryship, University of Madras, Chennai. Approximately 8 years and 9 months of overall professional experience