Legal and Compliance Manager

Jai Finance; Bengaluru; On-site; INR 2,500,000 - 4,000,000; Full time

Job summary

JAI Finance (India) Limited in Bengaluru is seeking an experienced Manager – Legal & Compliance to lead its legal, regulatory, and corporate governance functions.

The role focuses on RBI compliance, contract management, and handling litigation while ensuring strict adherence to guidelines and a strong compliance calendar. The ideal candidate will drive governance, risk assessment, and policy management across the organization.

Qualifications

• LL.B. is mandatory; LL.M. or CS is a strong plus.
• Minimum 6–8 years in Legal & Compliance with RBI-regulated NBFC experience.
• Deep knowledge of RBI guidelines and Data Privacy laws.

Responsibilities

• Draft, review, and finalize loan, co-lending, and IT contracts.
• Ensure RBI compliance and manage regulatory filings and audits.
• Support governance, board interactions, and RBI inspections.
• Oversee litigation, risk assessment, and policy management.

Skills

Legal drafting

Contract negotiation

Regulatory audit handling

Dispute resolution

Regulatory risk assessment

Education

LL.B.

LL.M.

CS

Job description

Manager Legal & Compliance (NBFC / FinTech)

Company: JAI Finance (India) Limited

Location: Bengaluru

Experience: 6-8 Years (Min. 3 years in an RBI-regulated NBFC required)

Education: LL.B. Mandatory (LL.M / CS preferred)

Employment Type: Full-Time

Reporting To: Chief Process Officer (CPO)

Job Overview

We are looking for an experienced Manager – Legal & Compliance to lead our legal, regulatory, and corporate governance functions. The ideal candidate will ensure strict adherence to RBI regulations, manage digital and co-lending legal frameworks, oversee contract management, and manage company litigation.

Key Responsibilities

• Contract & Legal Advisory: Draft, review, and finalize loan, co-lending, FLDG/DLG, LSP, vendor, SaaS, and IT partnership agreements. Maintain a centralized legal repository.
• Regulatory Compliance: Monitor and ensure 100% adherence to RBI guidelines (Digital Lending Guidelines, SBR, FPC, KYC/AML, Outsourcing) and maintain the company's Compliance Calendar and regulatory filings.
• Corporate Governance & Audits: Support Board/Committee meetings, ensure Companies Act compliance, and lead RBI inspections, internal/external audits, and secretarial reviews.
• Litigation & Risk Management: Manage legal notices, recovery proceedings, consumer disputes, and arbitration while liaising with external legal counsel.
• Policy Management: Formulate and update compliance policies (KYC/AML, Co-Lending, Digital Lending, Fair Practices Code, Recovery, Information Security).

Desired Candidate Profile

• Experience: 8–10 years of post-qualification experience in Legal & Compliance, with at least 5 years strictly within an RBI-regulated NBFC. Experience in FinTech, Digital Lending, or Retail Lending is highly preferred.
• Education: LL.B. is mandatory. CS or LL.M. is a strong plus.
• Domain Knowledge: In-depth understanding of RBI Master Directions for NBFCs, Scale-Based Regulation (SBR), Digital Lending Guidelines, DLG framework, Companies Act 2013, KYC/AML, and Data Privacy laws.
• Key Skills: Legal drafting, contract negotiation, regulatory audit handling, dispute resolution, and regulatory risk assessment.