Manager:Compliance_AFL

Axis Finance Limited; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Axis Finance Limited in Mumbai seeks a proactive Manager – Compliance with 6–8 years in financial services compliance. The role focuses on Compliance Testing, CRA, and regulatory coordination across retail and wholesale lending.

You will design testing programs, assess risks, and support senior management with governance reports. The ideal candidate will have a degree in Commerce/Law/Finance, strong documentation skills, and excellent stakeholder management.

Qualifications

• 6-8 years of experience in Compliance or Internal Audit in financial services.
• Knowledge of RBI regulations applicable to NBFCs/Banks.
• Experience in compliance testing or risk assessments preferred.

Responsibilities

• Design, plan, and execute periodic compliance testing programs across business functions.
• Identify inherent and residual compliance risks across business lines, processes, and geographies.
• Liaise with internal stakeholders to ensure implementation of testing outcomes and risk mitigation.
• Contribute to dashboards and reporting for senior management and Board.

Skills

Compliance experience

RBI regulations

Documentation skills

Stakeholder management

Analytical mindset

Communication skills

Education

Bachelor's/Master’s degree in Commerce/Law/Finance

Job description

Job Title: Manager – Compliance
Department: Compliance
Location: Worli
Reports to: [AVP – Compliance]
Experience: 6-8 years in financial services compliance, preferably in NBFCs, Banks, or similar institutions

Job Summary

We are seeking a proactive and detail-oriented professional to join our Compliance team as Senior Manager. The role will primarily focus on Compliance Testing and Compliance Risk Assessment, ensuring adherence to regulatory expectations and internal policies across all business verticals.

Key Responsibilities

1. Compliance Testing

• Design, plan, and execute periodic compliance testing programs across business functions
• Identify and assess compliance control gaps through on-site or remote testing
• Document findings with root cause analysis and recommend corrective actions
• Follow up on the implementation of corrective actions and ensure timely closure
• Prepare testing reports for senior management and regulatory reviews

2. Compliance Risk Assessment (CRA)

• Conduct regular compliance risk assessments across retail and wholesale lending businesses
• Identify inherent and residual compliance risks across business lines, processes, and geographies
• Maintain and update the compliance risk universe and risk register

3. Regulatory & Internal Coordination

• Liaise with internal stakeholders to ensure implementation of compliance testing outcomes and risk mitigation plans
• Support the Compliance team in aligning testing and CRA outcomes with regulatory expectations
• Stay abreast of regulatory developments and integrate them into testing and risk assessment frameworks

4. Reporting & Governance

• Contribute to dashboards, MIS, and presentations for senior management, Audit Committee, and Board
• Assist in periodic updates to the Compliance Function’s annual plan, especially around testing and CRA activities

Desired Profile

• Bachelor's/Master’s degree in Commerce, Law, Finance, or related field
• 6-8 years of experience in Compliance or Internal Audit roles in financial services
• Strong knowledge of RBI regulations applicable to NBFCs/Banks
• Experience in conducting compliance testing or risk assessments preferred
• Analytical mindset with attention to detail and strong documentation skills
• Effective communication and stakeholder management abilities