Manager- Risk Governance/Compliance

Incred; Mumbai; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

Incred is seeking a regulatory risk professional to strengthen governance and risk framework across SME credit portfolios. You will collaborate with Credit and Business teams to formulate policies, monitor risk, and ensure RBI and CSITE compliance.

The role demands hands-on policy work, audits, and robust reporting to leadership. The position involves leading remediation actions, cross-functional coordination, and system transformation to improve data integrity and regulatory adherence.

Qualifications

• Min 3–5 years driving regulatory compliance in Banks/NBFCs.
• Experience in risk controls and financial governance.
• Familiarity with RBI regulations and audits.

Responsibilities

• Assist in formulating and reviewing credit policies for SME portfolios with Credit and Business teams.
• Support implementation of credit risk policy and Portfolio Risk Monitoring.
• Coordinate RBI Annual Financial Inspections and CSITE (ReBIT) audits.
• Oversee regulatory reporting including CRILC, DSB Returns, and Fraud Returns.
• Draft and present formal audit responses to regulators.
• Strengthen internal controls with risk appetite metrics and thresholds.
• Design remediation plans for open or overdue risk and audit issues.
• Lead analyses on enterprise risks and control gaps for leadership decisions.
• Govern third-party risk assessment frameworks and data gap analysis.
• Supervise high-integrity financial reporting workflows incl. asset classification.
• Establish cross-validation procedures to reduce reporting risk.
• Assess RBI circulars impact and drive enterprise policy changes.
• Drive system transformation and automated reporting initiatives.

Skills

Regulatory compliance

Risk controls

Financial governance

Audit reporting

Education

Chartered Accountant

Company Secretary

MBA in Finance

Job description

Key Responsibilities

1. Assist in formulation, review, and evaluation of credit policies for the SME portfolios in coordination with Credit and Business teams.


2. Assist in implementation of credit risk policy and Portfolio Risk Monitoring framework


3. Manage end-to-end RBI Annual Financial Inspections and CSITE (ReBIT) Audits.


4. Oversee and optimize multi-stream regulatory reporting, including RBS (Risk Based Supervision) Tranches, CRILC, DSB Returns, and Fraud Returns.


5. Draft, finalize, and present formal audit responses and regulatory query resolutions to senior management and regulators.


6. Strengthen the overall internal control environment by establishing key metrics for Risk Appetite Reporting and tracking threshold alignments.


7. Design, implement, and track structured remediation action plans for open, overdue, or retargeted risk and internal audit issues.


8. Lead thematic analyses on emerging enterprise risks, portfolio exposures, and control gaps to support executive decision-making.


9. Govern third-party risk assessment frameworks and inter-affiliate data gap analysis.


10. Supervise high-integrity financial reporting workflows (including asset classification/NPA monitoring) to deliver granular, system-driven insights to leadership.


11. Establish robust cross-validation procedures across financial and operational systems to reduce manual workarounds and reporting risk.


12. Assess the impact of RBI circulars to drive enterprise change, formulate policies, and manage the policy repository.


13. Drive system transformation and automated reporting initiatives

Required Skills & Qualifications

Education: Chartered Accountant (CA) and/or Company Secretary (CS) / MBA in Finance

Experience: Min 3- 5 years of experience driving regulatory compliance, risk controls, or financial governance within Banks/NBFCs.

Certifications: AML/KYC, Digital Banking, or Financial Risk Management (FRM) credentials.