Compliance Manager

Muthoot Fincorp Ltd.; Bengaluru; On-site; INR 1,200,000 - 2,200,000; Full time

Job summary

PeopleStrong is seeking a compliance professional to ensure end-to-end RBI and regulatory compliance for the MFL ONE platform. The role covers onboarding journeys, digital journeys, product launches, customer communications, disclosures and campaigns.

You will coordinate with Business, Product, Technology, Risk, Legal and Operations to embed compliance-by-design and strengthen governance across the ecosystem. A Law degree with 3+ years in CS/regulatory work is preferred.

Qualifications

• 3+ years of experience in CS or regulatory compliance.
• Law degree holders with regulatory knowledge preferred.
• Strong understanding of RBI, NPCI, UIDAI guidelines and KYC/AML requirements.

Responsibilities

• Ensure end-to-end RBI regulatory compliance across all products/services on MFL ONE.
• Provide compliance oversight for onboarding journeys, digital journeys, launches and disclosures.
• Governance with fintech partners, LSPs, co-lending and embedded finance partners.
• Review new digital products and APIs for regulatory conformity before deployment.
• Monitor regulatory developments and drive RBI/NPCI/UIDAI compliance implementations.
• Coordinate regulatory reporting, audits and stakeholder reviews with timely closure of findings.
• Embed compliance-by-design with cross-functional teams across the platform.

Skills

Analytical skills

Coordination

Attention to detail

Integrity & accountability

Regulatory timelines

Education

Law degree (LLB)

Job description

• Ensure end-to-end compliance with RBI regulations, Digital Lending Guidelines, KYC/AML requirements and internal policies across all products and services offered through the MFL ONE platform.
• Provide compliance oversight for the MFL ONE app, including customer onboarding journeys, digital journeys, product launches, customer communications, disclosures, consents, campaigns and platform features.
• Manage governance and compliance with all fintech partners, Lending Service Providers (LSPs), co-lending partners, embedded finance partners, payment service providers and other platform integrations.
• Review and approve new digital products, platform enhancements, APIs, partner integrations and customer journeys to ensure regulatory compliance before deployment.
• Monitor regulatory developments and drive implementation of applicable RBI, NPCI, UIDAI and other regulatory requirements impacting the digital platform.
• Coordinate compliance monitoring, regulatory reporting, audits and partner reviews, ensuring timely closure of observations and continuous strengthening of compliance controls.
• Work closely with Business, Product, Technology, Risk, Legal and Operations teams to embed compliance-by-design and establish robust governance across the MFL ONE ecosystem.
• Develop and maintain compliance policies, SOPs, governance frameworks, MIS and provide ongoing compliance advisory for all platform-related initiatives and strategic partnerships.
• Preparation of compliance reports based on data received from other departments.
• Coordination with all Depts for completion of compliance related tasks.
• Preparation of various MIS reports or any other kinds of reports pertaining to compliance function, regulatory, statutory and internal and its analysis.
• Support in Management of Compliance Tool
• Preparation of compliance points based on RBI inspections, Audit Reports, both internal and external and segregating them dept wise
• Support in preparation of compliance tasks based on notifications/circulars received from Regulators and internal policies

KEY INTERACTIONS

Internal Stakeholders

External Stakeholders

• Operations Team
• Credit Team
• Collections Team
• Internal Audit Team
• Finance Team
• HR Team
• Management
• Admin and Marketing team
• External Audit Team
• Partners Ops team
• Partners Collection Team

KEY SKILLS & BEHAVIOURAL ATTRIBUTES

• Strong analytical and interpretation skills
• Coordination and stakeholder management
• Attention to detail and documentation proficiency
• Passionate in learning, enthusiastic, High level of integrity and accountability
• Ability to work within regulatory timelines

EDUCATION / EXPERIENCE

3+ years of experience in CS, Law Graduate.