Compliance Manager

Randstad; Mumbai City; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Randstad is seeking an experienced Compliance Manager in Mumbai to ensure RBI regulatory compliance for a Middle Layer NBFC. You will oversee reporting, audits, and policy implementation, driving robust controls across the organization.

Candidates should have 5–7 years in compliance, a Bachelor's/Master's in Commerce/Accounts/Finance or Company Secretary, and the ability to liaise with regulators and conduct staff training.

Qualifications

• Minimum of 5-7 years of experience in a compliance role, preferably in an NBFC.
• Bachelor’s or Master's degree in Commerce, Accounts & Finance, Company Secretary, or a related field.

Responsibilities

• Regulatory compliance with RBI regulations for Middle Layer NBFCs, including reporting and audits.
• Develop, implement, and update internal compliance policies and procedures.
• Identify potential compliance risks and mitigate them.
• Coordinate audits with internal and external auditors.
• Oversee monitoring of business activities for regulatory adherence.
• Prepare and submit reports to RBI and other regulators.
• Conduct training sessions on compliance protocols.
• Liaise with regulatory authorities (RBI and others).
• Maintain records per RBI and Companies Act.

Education

Bachelor's or Master's degree in Commerce, Accounts & Finance, Company Secretary, or a related field

Job description

Key Responsibilities:

• Regulatory Compliance: Ensure full compliance with RBI regulations for Middle Layer NBFCs, including reporting requirements, audits, and adherence to the applicable laws.
• Policy Implementation: Develop, implement, and update internal compliance (all relevant) policies and procedures to align with regulatory and company standards.
• Risk Management: Identify potential compliance risks and take preventive measures to mitigate them.
• Audit Coordination: Liaise with internal and external auditors to conduct periodic compliance audits and address any discrepancies or non-conformance issues.
• Monitoring: Oversee the monitoring of business activities to ensure compliance with all relevant laws, regulations, and company policies.
• Reporting: Prepare and submit timely reports to regulatory authorities, including filings with RBI and other regulatory bodies.
• Training & Development: Conduct training sessions for employees to increase awareness of compliance protocols and regulatory updates.
• Regulatory Liaison: Act as the primary point of contact for all regulatory authorities, including RBI and other regulatory bodies.
• Documentation: Maintain updated records and documentation of all compliance-related activities and correspondence as per the requirement of RBI and Companies Act.

Qualifications:

• Bachelors or Masters degree in Commerce, Accounts & Finance, Company Secretary, or a related field.
• Minimum of 5-7 years of experience in a compliance role, preferably in an NBFC.