Compliance & AML Analyst

Credila Financial Services Limited; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Credila Financial Services Limited is seeking a Compliance – Manager/Senior Manager to reinforce the Compliance function with RBI and NBFC regulation adherence. The role emphasises regulatory research, testing, monitoring, and RBI inspection support for education and institutional loan products.

The incumbent will also assist AML, ethics and conduct compliance initiatives, including policy implementation, awareness, reporting, and coordination with internal stakeholders.

Qualifications

• Bachelor's degree in law, commerce, finance, management or related discipline.
• Good understanding of RBI regulations applicable to NBFCs.
• Working knowledge of RBI Master Directions, Fair Practices Code, Outsourcing, KYC/AML, governance and reporting requirements.
• Experience in compliance testing, regulatory gap assessment and compliance monitoring.
• Exposure to RBI inspections, supervisory reviews or regulatory query management.
• Working knowledge of AML / KYC (PMLA) requirements.
• Strong analytical and research orientation.
• Good drafting skills for regulatory notes and reporting.

Responsibilities

• Regulatory research and advisory support: monitor RBI circulars and regulatory developments for NBFCs.
• Prepare regulatory research notes, impact assessments, advisories, and trackers.
• Assist interpretation of regulatory requirements and support business teams in implementation.
• Maintain repository of RBI circulars, obligations, interpretations, and status.
• Execute compliance testing reviews and identify regulatory gaps and process improvements.
• Prepare testing reports and track closure of action plans with stakeholders.
• Support RBI inspection readiness, responses, and regulatory queries.
• Maintain compliance calendars, dashboards, and management reporting inputs.
• Support AML/KYC compliance data collection and reporting; ethics and conduct compliance support.

Skills

Regulatory research

Compliance testing

Stakeholder coordination

Analytical skills

Regulatory drafting

Attention to detail

Education

Bachelor's degree in law/commerce/finance/management

ICSI membership (advantage)

Job description

The Compliance – Manager/Senior Manager will support the Compliance function in ensuring adherence to applicable RBI regulations, NBFC regulatory requirements, internal policies and governance standards. The role will primarily focus on regulatory research, compliance testing, monitoring of regulatory obligations, preparation of compliance notes and support in RBI inspection / supervisory assessment related activities for education and institutional loan products.

The incumbent will also provide selective support in Anti-Money Laundering (AML), ethics and conduct compliance activities, including policy implementation, awareness, reporting support and coordination with internal stakeholders.

Key roles and responsibilities:

Regulatory Research and Advisory Support

• Monitor, track and analyze RBI circulars, Master Directions, notifications, supervisory communications and regulatory developments applicable to NBFCs.
• Prepare regulatory research notes, impact assessments, compliance advisories, and implementation trackers for internal circulation.
• Assist in interpretation of regulatory requirements and support business / functional teams in implementation.
• Maintain a repository of RBI circulars, regulatory obligations, internal interpretations, and implementation status.

Compliance Testing and Monitoring

• Execute compliance testing reviews across business and support functions as per the approved compliance testing plan.
• Identify regulatory gaps, control weaknesses, and process improvement opportunities through sample testing and documentation review.
• Prepare compliance testing reports, document findings, and track closure of action plans with relevant stakeholders.
• Support thematic reviews, process walkthroughs and compliance risk assessments

Regulatory Compliance Management and Reporting

• Maintain and update compliance obligation registers, compliance calendars, and regulatory return trackers.
• Track timely submission of regulatory returns, compliance certifications, and internal compliance confirmations.
• Prepare compliance dashboards, MIS, management notes and committee reporting inputs, including for senior management, Audit Committee and Board-level reporting
• Support review and periodic update of compliance policies, process notes and standard operating procedures

RBI Inspection / Supervisory Assessment Support

• Coordinate collection, collation and validation of data / documents required for RBI inspection, supervisory assessment and regulatory queries.
• Maintain RBI inspection trackers, observation closure trackers and evidence repositories.
• Assist in drafting responses to RBI observations, inspection findings, supervisory letters and regulatory information requests.
• Follow up with internal stakeholders for timely remediation and closure of regulatory / inspection observations.
• Support internal readiness reviews and mock assessments for RBI inspection preparedness.

AML / KYC Support

• Liaise with internal and external auditors, RBI inspection teams, and other regulatory agencies as required.
• Ensure proper documentation, tracker and closure of compliance observations and inspection findings. Support implementation of AML / CFT and KYC compliance requirements in line with PMLA, RBI KYC Directions and internal AML policies.
• Assist in AML-related reviews, customer risk categorization checks, transaction monitoring support and documentation of escalations, as required.
• Coordinate with relevant teams for AML / KYC compliance data, internal confirmations and regulatory reporting support.
• Support periodic review of AML / KYC controls and assist in closure of AML-related audit or compliance observations.

Ethics and Conduct Compliance Support

• Assist in administration of Code of Conduct, Conflict of Interest, staff declarations and ethics-related compliance processes.
• Support conduct and ethics awareness initiatives, training coordination and maintenance of related records.
• Assist in tracking ethics-related matters and closure status, where required

Qualifications

• Bachelor's degree in law, Commerce, Finance, Management or related discipline. Member of ICSI will be an added advantage.
• Good understanding of RBI regulations applicable to NBFCs.
• Working knowledge of RBI Master Directions, Fair Practices Code, Outsourcing, KYC / AML, governance and reporting requirements.
• Experience in compliance testing, regulatory gap assessment and compliance monitoring.
• Exposure to RBI inspections, supervisory reviews or regulatory query management.
• Working knowledge of AML / CFT framework and PMLA requirements.
• Strong analytical and research orientation.
• Good drafting skills for regulatory notes, responses and committee reporting.
• Attention to detail and ability to manage multiple regulatory deliverables.
• Strong stakeholder coordination and follow-up skills.
• High integrity, discretion and ability to handle confidential information.

Experience

• 4-6 years of experience in Compliance function of an NBFC, Bank or regulated financial services entity, with preference for NBFC compliance experience.
• Hands-on experience in compliance research, compliance testing, regulatory monitoring and RBI inspection / supervisory assessment support.
• Ability to independently read, interpret and summarize RBI circulars and regulatory communications.
• Working exposure to AML / KYC compliance and ethics / conduct compliance processes.
• Comfortable preparing trackers, dashboards, compliance notes and formal responses for regulatory or senior management review
• Timely tracking and implementation support for regulatory changes.
• Quality and completeness of compliance research notes, impact assessments and testing reports.
• Timely execution of compliance testing reviews and closure tracking of observations.
• Effective support in RBI inspection preparedness, response coordination and observation closure.
• Accurate and timely support in AML / Ethics compliance deliverables.