Management Trainee-Compliance(CS completed)

IHFL; Gurugram District; On-site; INR 900,000 - 1,500,000; Full time

Job summary

IHFL in Gurugram seeks a compliance professional to manage RBI regulatory requirements, capital adequacy, provisioning, liquidity, and fair practices. You will monitor compliance risks, support KYC/AML, and maintain dashboards for leadership.

Responsibilities include internal audits, reporting to RBI, regulatory liaison, and risk management framework development. You will automate processes and deliver training to build awareness across the organization.

Qualifications

• Regulatory compliance with RBI regulations across capital adequacy, provisioning, liquidity management and Fair Practices Code.
• KYC/AML guidelines adherence including customer due diligence and transaction monitoring.

Responsibilities

• Ensure operations comply with RBI regulations and disseminate changes to the organization.
• Assist in implementation of compliance policies and procedures and monitor compliance risks.
• Maintain and update the Compliance Management Tool and dashboards for leadership.
• Conduct regular internal audits and reviews; report gaps and coordinate corrective actions.
• Prepare regulatory reports to RBI and internal management; liaise with regulators; maintain records.
• Automate systems and processes through a compliance tool; develop and deliver training on compliance awareness.
• Identify and manage regulatory risks; support risk management framework and consumer complaint handling.

Job description

Key Responsibilities:

Regulatory Compliance:

• Ensure that the Companys operations comply with all applicable RBI regulations, including those related to capital adequacy, asset classification, provisioning, liquidity management, and Fair Practices Code.
• Stay updated on changes in regulatory requirements and disseminate relevant information to the organization.
• Assist in implementation and maintenance of compliance policies and procedures.
• Monitor and report on compliance risks.
• PMLA/KYC Compliance:
• Ensure adherence to KYC/AML guidelines, including customer due diligence, transaction monitoring, and reporting of suspicious transactions
• Ensuring the Compliance Management Tool is updated regularly and dashboards are published in a timely manner to leadership.
• Building and updating trackers and reports for activities within compliance function

Internal Audits and Monitoring:

• Conduct regular internal audits and compliance reviews to assess the effectiveness of compliance controls.
• Identify and report compliance gaps and recommend corrective actions.
• Monitor the implementation of corrective actions and track their effectiveness.
• Assistance in preparation of compliance related reports to the RBI and internal management.

Automation, Training and Awareness:

• Automating systems and processes through a compliance tool
• Develop and deliver compliance training programs.

Regulatory Liaison:

• Assistance in liasioning with regulatory authorities, including the RBI, NHB and FIU-IND.
• Preparing response to regulatory inquiries and requests for information.
• Facilitate regulatory inspections and audits.
• Maintain records of regulatory communications.

Risk Management:

• Assist in the development and implementation of a risk management framework.
• Identify and assess compliance risks and recommend mitigation strategies.
• Contribute to the organization's overall risk assessment process.
• Handling of consumer complaints related to compliance.