Compliance Associate

Job Title: Compliance Associate

Location: Bangalore, India

Job Type: Full-Time

Experience Required: 2-4 years

Purpose of the Job:

The compliance officer/manager will be responsible for building and running the compliance function that ensures full adherence to RBI regulations, other applicable laws, and internal policies, while actively managing compliance risk across products and processes.

Roles & Responsibilities:

Regulatory Oversight and compliance Framework

Ensure strict observance of all statutory and regulatory requirements applicable to the NBFC, including RBI Master Directions, scalebased regulations, KYC/AML, fair practices and digital lending norms

Draft, implement and periodically update a Boardapproved Compliance Policy and related manuals, codes of conduct and SOPs

Monitor regulatory developments (RBI circulars, FIU, MCA, state laws) and drive timely impact analysis and implementation across the organization.

Compliance Risk Identification and Monitoring

Identify compliance risks in existing and new products, processes, outsourcing arrangements and partnerships, and recommend appropriate risk mitigants

Participate in new product/changemanagement committees and ensure intensive monitoring of new products and processes

Design and execute a riskbased compliance monitoring and testing plan, report findings, root causes and remediation status to senior management and the Board.

Policies, Processes and Internal Controls

Review and clear new or revised policies, procedures, customer documents and marketing materials for regulatory and policy compliance before rollout

Ensure appropriate internal controls exist in operating processes (onboarding, underwriting, disbursal, servicing, collections, recovery, outsourcing) to prevent violations

Reporting, Governance and Liaison with Regulators

Prepare and submit required regulatory returns and compliance certificates, and maintain robust documentation/evidence for inspections

Periodically report the status of compliance risk, key breaches, and remediation to the Board and support them in their oversight responsibilities

Act as nodal point of contact for RBI and other regulators: handle inspection queries, coordinate responses, and ensure timebound closure of inspection observations.

Skills & Qualifications

Graduate / Postgraduate with 2 - 4 years of experience in FinTech or NBFCs

Prefer LLB / CS

Strong knowledge of RBI NBFC regulatory framework and practical exposure to inspections or regulatory interactions.

Ability to design and operationalize compliance frameworks, perform riskbased monitoring, and communicate effectively with senior management, Board and regulators

High integrity and independence, with the confidence to challenge business decisions that create unacceptable compliance risk.

What We Offer:

Competitive salary.

Opportunity to work on innovative projects with a talented and passionate team.

Professional growth and development opportunities.

Health insurance and other benefits.

How to Apply:

Please submit your application to Teamhr@innopay.in or WhatsApp: 6366226794/9108510751 including your resume.

Join us and be a part of a company that is transforming the future of finance!