Chief Compliance Officer – NBFC Dimensions HRD Consultants

The Corporate Institute; Mumbai; On-site; INR 6,000,000 - 12,000,000; Full time

Job summary

The Corporate Institute in Mumbai seeks a seasoned Chief Compliance Officer to lead the organisation's independent Compliance Function, strengthening governance and regulatory frameworks across NBFC operations.

You will engage with RBI and regulators, report to the MD & CEO and the Board, and drive a culture of compliance through policies, training, and proactive risk management.

Qualifications

• Graduate or postgraduate in finance, law, or related field.
• Significant experience in regulatory compliance and governance.
• Strong RBI liaison and regulatory reporting capabilities.

Responsibilities

• Provide independent regulatory oversight and governance across NBFC operations.
• Lead RBI interactions, inspections and regulatory responses.
• Present compliance risk reports to the Board and MD & CEO.
• Embed compliance into new products and digital initiatives.
• Develop and monitor an enterprise-wide compliance framework.
• Strengthen customer protection, conduct and AML/KYC controls.
• Drive a culture of compliance through training and awareness.

Skills

Regulatory compliance

Risk management

Regulatory liaison

Board communication

Education

Graduate/Postgraduate in Finance/Law/Commerce/Economics

CA / CS / LLB / MBA or equivalent

Job description

Job Description – Chief Compliance Officer

Designation: Chief Compliance Officer (CCO)

Location: Mumbai

Reporting to: Managing Director & CEO

Functional Interface: Board / Board Committee, Senior Management & Regulators

Industry: Large NBFC / Financial Services

Role Overview:

The Chief Compliance Officer will lead the organisation’s independent Compliance Function and will be responsible for establishing and strengthening a robust compliance, regulatory governance and conduct framework across the NBFC.

The CCO will act as the principal compliance advisor to the MD & CEO, Senior Management and the Board/Board Committee and will serve as the key interface with the Reserve Bank of India (RBI) and other regulatory/statutory authorities.

The role requires a senior financial – services professional with strong knowledge of RBI regulations, NBFC regulatory frameworks, compliance risk management, corporate governance and regulatory engagement.

Key Responsibilities:

1. Regulatory Compliance & Governance:

• – Provide independent oversight of compliance with RBI regulations, applicable laws, rules, notifications, directions and regulatory guidelines.
• – Establish and continuously enhance the enterprise – wide Compliance Management Framework.
• – Ensure effective implementation of the Board – approved Compliance Policy.
• – Identify, assess, monitor and report material compliance risks across the organisation.
• – Ensure timely implementation and closure of RBI inspection observations, Risk Mitigation Plans and regulatory requirements.
• – Monitor regulatory developments and translate them into actionable requirements for business and support functions.

2. RBI & Regulatory Interface:

• – Act as the principal/nodal point of contact between the NBFC and RBI.
• – Lead regulatory interactions, inspections, reviews and correspondence relating to compliance.
• – Coordinate responses to RBI observations and ensure sustainable closure of regulatory findings.
• – Manage interactions with other applicable regulators, statutory authorities and supervisory bodies.
• – Ensure timely and accurate regulatory reporting.

3. Board & Senior Management Responsibilities:

• – Provide independent compliance advice to the MD & CEO and Senior Management.
• – Present periodic Compliance Risk Reports to the Board/Board Committee.
• – Highlight material or emerging compliance risks and significant regulatory breaches on a timely basis.
• – Conduct an annual enterprise – wide assessment of major compliance risks and develop mitigation plans.
• – Advise the Board and management on regulatory implications of strategic initiatives, business models and new products.

4. New Products, Business Initiatives & Change:

• – Review compliance implications of all new products, processes, technology initiatives and business models before implementation.
• – Participate in the New Product Approval Committee and provide independent compliance clearance.
• – Assess regulatory risks associated with digital lending, co – lending, fintech partnerships, outsourcing, securitisation, lending products and other emerging business models.
• – Ensure regulatory requirements are embedded into product and process design.

5. Compliance Testing & Monitoring:

• – Develop a comprehensive risk – based Compliance Monitoring and Testing Programme.
• – Undertake thematic reviews and compliance testing across business and functional areas.
• – Track compliance exceptions and ensure timely remediation.
• – Establish appropriate compliance dashboards, KRIs and early – warning indicators.
• – Ensure recurring compliance failures are analysed for root cause and corrective action.

6. Customer & Conduct Compliance:

• – Strengthen the framework for fair customer treatment and responsible lending.
• – Oversee compliance relating to customer protection, grievance redressal, recovery practices, outsourcing and customer communications.
• – Monitor conduct risk, conflict – of – interest issues and adherence to the organisation’s Code of Conduct.
• – Ensure compliance with applicable digital lending and customer – data requirements.

7. AML / KYC & Financial Crime Compliance:

• – Provide oversight of the organisation’s AML/KYC and financial – crime compliance framework.
• – Ensure appropriate compliance with PMLA, KYC and applicable RBI requirements.
• – Oversee monitoring of high – risk customers, transactions and business relationships.
• – Work closely with the MLRO/FIU interface and relevant control functions where applicable.
• – Strengthen controls relating to fraud, sanctions, suspicious transactions and financial crime risks.

8. Compliance Culture:

• – Build a strong “Compliance as a Culture” framework across the organisation.
• – Develop and implement compliance training and awareness programmes.
• – Ensure regulatory changes are effectively communicated to relevant stakeholders.
• – Promote accountability for compliance across business and support functions.

9. Compliance Technology & MIS:

• – Drive automation and digitisation of compliance monitoring and regulatory reporting.
• – Establish an enterprise – wide regulatory obligations inventory and compliance tracking mechanism.
• – Develop dashboards for senior management and Board reporting.
• – Leverage data analytics to identify emerging compliance risks and control weaknesses.

10. Independent Oversight:

• – Maintain complete independence from business functions and avoid conflicts of interest.
• – Have unrestricted access to relevant records, systems, employees and information necessary to discharge the role.
• – Escalate material compliance concerns directly to the MD & CEO and Board/Board Committee.
• – Work closely with Internal Audit, Risk, Legal, Vigilance, Information Security and other control functions while maintaining the independence of Compliance.

Candidate Profile:

Education:

• – Graduate/Postgraduate degree in Finance, Law, Commerce, Economics or a related discipline.
• – CA / CS / LLB / MBA or equivalent professional qualification preferred.

Experience:

• – 18 – 25+ years of overall experience, preferably in banking, NBFCs or financial services.
• – Significant experience in regulatory compliance, risk, audit, legal/regulatory affairs or financial – services governance.
• – Strong experience in dealing directly with RBI and senior regulatory stakeholders.
• – Experience in a large NBFC, bank or other highly regulated financial institution is strongly preferred.
• – Experience leading an enterprise – level Compliance Function with a sizeable team.

Desired Competencies:

• – Deep understanding of RBI/NBFC regulatory framework.
• – Strong knowledge of corporate governance and compliance risk management.
• – Excellent regulatory interpretation and advisory capability.
• – Strong understanding of lending, digital finance, securitisation/co – lending and financial – services products.
• – High degree of independence, integrity and professional judgement.
• – Excellent communication and Board – level presentation skills.
• – Ability to challenge business decisions constructively while enabling responsible growth.
• – Strong leadership and stakeholder – management capability.