Chief Compliance Officer

Choice International; Mumbai, Jaipur; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

Choice International seeks a senior Compliance leader to head the function, reporting to the Board/Audit Committee. You will design and implement regulatory policies including KYC/AML, monitor adherence to RBI directions, and coordinate RBI inspections.

The role requires building a robust compliance framework across locations and guiding governance processes. The candidate should bring 10+ years in regulatory affairs within NBFC/HFC/Bank settings, with leadership experience and proven RBI

Qualifications

• 10+ years of experience in Compliance/Regulatory Affairs within NBFC/HFC/Bank or similar financial institution, with leadership/independent charge experience
• Demonstrated RBI inspection management experience including data submission and closure of observations
• Strong knowledge of RBI Scale-Based Regulation framework and Master Directions for NBFCs
• Experience building/com strengthening a compliance function with policies, monitoring, and board reporting

Responsibilities

• Head the Compliance function, reporting to Board/Audit Committee
• Design and review Compliance policy, Fair Practices Code, KYC/AML and other regulatory policies with Board approval
• Monitor adherence to RBI directions, Companies Act, SEBI, FEMA and other statutory requirements
• Act as SPOC for RBI and regulators; coordinate inspections, data submissions, and closure of audit findings
• Establish a compliance testing/monitoring framework with periodic audits across branches and functions
• Track regulatory changes, assess impact, and drive timely implementation
• Review new products/processes for regulatory compliance before launch
• Oversee filing of regulatory returns with RBI and authorities
• Manage Compliance team across locations; build training programs for employees
• Present periodic compliance status and risk updates to Board/Audit Committee
• Oversee grievance redressal and customer protection compliance
• Support fit-and-proper assessments of directors/KMPs and governance requirements

Job description

Key Responsibilities

• Independently head the Compliance function, reporting to the Board/Audit Committee, ensuring adequate independence from business and operations.
• Design, implement and periodically review the Compliance policy, Fair Practices Code, KYC/AML policy, and other regulatory policies, ensuring Board approval and adoption.
• Monitor and ensure timely compliance with all applicable RBI Master Directions/Circulars (NBFC prudential norms, Scale-Based Regulation framework, IT Governance, Digital Lending Guidelines, Fair Practices Code, KYC/AML, Fit & Proper norms, etc.) as well as Companies Act, SEBI (if applicable), FEMA, and other statutory requirements.
• Act as the primary point of contact (SPOC) for RBI and other regulators, including coordinating RBI inspections, data submissions, and closure of observations/audit findings.
• Establish and oversee a compliance testing/monitoring framework, including periodic compliance audits across branches/functions and products.
• Track regulatory changes on an ongoing basis, assess their impact on the business, and drive timely implementation across functions.
• Review new products, processes and partnerships (co-lending, digital lending/LSP tie-ups) for regulatory compliance before launch.
• Oversee timely and accurate filing of all regulatory returns with RBI and other authorities.
• Manage the Compliance team (if any) across locations, and build compliance awareness/training programs for employees.
• Present periodic compliance status, regulatory risk assessment, and inspection/audit updates to the Board/Audit Committee.
• Oversee grievance redressal mechanisms and ensure adherence to customer protection and fair practice requirements.
• Support fit-and-proper assessment of directors/KMPs and ensure governance requirements (board composition, committees) are met.

Desired Candidate Profile

• 10+ years of experience in Compliance/Regulatory Affairs within an NBFC, HFC, Bank or similar regulated financial institution, with at least a few years in a leadership/independent charge capacity.
• Demonstrated experience of managing RBI inspections end-to-end, including data submission, query handling and observation closure.
• Strong working knowledge of the RBI Scale-Based Regulation framework and applicable Master Directions for NBFCs.
• Experience setting up or strengthening a compliance function, including policies, monitoring frameworks and reporting to the Board/Audit Committee.
• Prior exposure to multi-location/multi-branch compliance oversight will be an advantage, given the Mumbai/Jaipur location requirement.