Chief Compliance Officer – NBFC Dimensions HRD Consultants

The Corporate Institute; Hinoba-an; On-site; PHP 2,640,000 - 3,961,000; Full time

Job summary

The Corporate Institute in Mumbai seeks a seasoned Chief Compliance Officer to lead the organization’s independent Compliance Function and strengthen a robust regulatory governance framework across the NBFC.

The CCO will interface with the RBI and regulators, advising the MD & CEO and the Board while driving risk management, governance, and conduct standards through policy creation, monitoring, and training.

Qualifications

• Graduate or postgraduate degree in Finance, Law, Commerce, Economics or related discipline.
• CA/CS/LLB/MBA or equivalent professional qualification preferred.

Responsibilities

• Provide independent oversight of compliance with RBI regulations, applicable laws, rules, notifications and guidelines.
• Establish and continuously enhance the enterprise-wide Compliance Management Framework.
• Advise the Board and MD & CEO on regulatory implications of strategic initiatives and new products.
• Lead regulatory interactions, inspections, reviews and RBI-related correspondence.
• Develop and implement a comprehensive compliance monitoring and reporting program.

Education

Graduate/Postgraduate degree in Finance, Law, Commerce, Economics

CA / CS / LLB / MBA or equivalent

Job description

Job Description – Chief Compliance Officer

Designation: Chief Compliance Officer (CCO)

Location: Mumbai

Reporting to: Managing Director & CEO

Functional Interface: Board / Board Committee, Senior Management & Regulators

Industry: Large NBFC / Financial Services

Role Overview:

The Chief Compliance Officer will lead the organisation’s independent Compliance Function and will be responsible for establishing and strengthening a robust compliance, regulatory governance and conduct framework across the NBFC.

The CCO will act as the principal compliance advisor to the MD & CEO, Senior Management and the Board/Board Committee and will serve as the key interface with the Reserve Bank of India (RBI) and other regulatory/statutory authorities.

The role requires a senior financial – services professional with strong knowledge of RBI regulations, NBFC regulatory frameworks, compliance risk management, corporate governance and regulatory engagement.

Key Responsibilities

• Provide independent oversight of compliance with RBI regulations, applicable laws, rules, notifications, directions and regulatory guidelines.
• Establish and continuously enhance the enterprise – wide Compliance Management Framework.
• Ensure effective implementation of the Board – approved Compliance Policy.
• Identify, assess, monitor and report material compliance risks across the organisation.
• Ensure timely implementation and closure of RBI inspection observations, Risk Mitigation Plans and regulatory requirements.
• Monitor regulatory developments and translate them into actionable requirements for business and support functions.

RBI & Regulatory Interface

• Act as the principal/nodal point of contact between the NBFC and RBI.
• Lead regulatory interactions, inspections, reviews and correspondence relating to compliance.
• Coordinate responses to RBI observations and ensure sustainable closure of regulatory findings.
• Manage interactions with other applicable regulators, statutory authorities and supervisory bodies.
• Ensure timely and accurate regulatory reporting.

Board & Senior Management Responsibilities

• Provide independent compliance advice to the MD & CEO and Senior Management.
• Present periodic Compliance Risk Reports to the Board/Board Committee.
• Highlight material or emerging compliance risks and significant regulatory breaches on a timely basis.
• Conduct an annual enterprise – wide assessment of major compliance risks and develop mitigation plans.
• Advise the Board and management on regulatory implications of strategic initiatives, business models and new products.

New Products, Business Initiatives & Change

• Review compliance implications of all new products, processes, technology initiatives and business models before implementation.
• Participate in the New Product Approval Committee and provide independent compliance clearance.
• Assess regulatory risks associated with digital lending, co – lending, fintech partnerships, outsourcing, securitisation, lending products and other emerging business models.
• Ensure regulatory requirements are embedded into product and process design.

Compliance Testing & Monitoring

• Develop a comprehensive risk – based Compliance Monitoring and Testing Programme.
• Undertake thematic reviews and compliance testing across business and functional areas.
• Track compliance exceptions and ensure timely remediation.
• Establish appropriate compliance dashboards, KRIs and early – warning indicators.
• Ensure recurring compliance failures are analysed for root cause and corrective action.

Customer & Conduct Compliance

• Strengthen the framework for fair customer treatment and responsible lending.
• Oversee compliance relating to customer protection, grievance redressal, recovery practices, outsourcing and customer communications.
• Monitor conduct risk, conflict – of – interest issues and adherence to the organisation’s Code of Conduct.
• Ensure compliance with applicable digital lending and customer – data requirements.

AML / KYC & Financial Crime Compliance

• Provide oversight of the organisation’s AML/KYC and financial – crime compliance framework.
• Ensure appropriate compliance with PMLA, KYC and applicable RBI requirements.
• Oversee monitoring of high – risk customers, transactions and business relationships.
• Work closely with the MLRO/FIU interface and relevant control functions where applicable.
• Strengthen controls relating to fraud, sanctions, suspicious transactions and financial crime risks.

Compliance Culture

• Build a strong “Compliance as a Culture” framework across the organisation.
• Develop and implement compliance training and awareness programmes.
• Ensure regulatory changes are effectively communicated to relevant stakeholders.
• Promote accountability for compliance across business and support functions.

Compliance Technology & MIS

• Drive automation and digitisation of compliance monitoring and regulatory reporting.
• Establish an enterprise – wide regulatory obligations inventory and compliance tracking mechanism.
• Develop dashboards for senior management and Board reporting.
• Leverage data analytics to identify emerging compliance risks and control weaknesses.

Independent Oversight

• Maintain complete independence from business functions and avoid conflicts of interest.
• Have unrestricted access to relevant records, systems, employees and information necessary to discharge the role.
• Escalate material compliance concerns directly to the MD & CEO and Board/Board Committee.
• Work closely with Internal Audit, Risk, Legal, Vigilance, Information Security and other control functions while maintaining the independence of Compliance.

Candidate Profile

Education

• Graduate/Postgraduate degree in Finance, Law, Commerce, Economics or a related discipline.
• CA / CS / LLB / MBA or equivalent professional qualification preferred.

Experience

• 18 – 25+ years of overall experience, preferably in banking, NBFCs or financial services.
• Significant experience in regulatory compliance, risk, audit, legal/regulatory affairs or financial – services governance.
• Strong experience in dealing directly with RBI and senior regulatory stakeholders.
• Experience in a large NBFC, bank or other highly regulated financial institution is strongly preferred.
• Experience leading an enterprise – level Compliance Function with a sizeable team.

Desired Competencies

• Deep understanding of RBI/NBFC regulatory framework.
• Strong knowledge of corporate governance and compliance risk management.
• Excellent regulatory interpretation and advisory capability.
• Strong understanding of lending, digital finance, securitisation/co – lending and financial – services products.
• High degree of independence, integrity and professional judgement.
• Excellent communication and Board – level presentation skills.
• Ability to challenge business decisions constructively while enabling responsible growth.
• Strong leadership and stakeholder – management capability.