Compliance Associate

Job Title: Compliance Associate

Location: Bangalore, India

Job Type: Full-Time

Experience Required: 2-4 years (NBFC / FinTech / Financial Services).

Purpose of the Role

The Compliance Associate will support the establishment and effective functioning of the compliance framework for the NBFC. The role will ensure adherence to regulatory requirements issued by the Reserve Bank of India (RBI), applicable laws, and internal policies, while proactively identifying and mitigating compliance risks across lending products, digital platforms, and operational processes.

Key Responsibilities

1. Regulatory Compliance & Governance

• Ensure compliance with all regulatory requirements applicable to NBFCs including RBI Master Directions, Scale-Based Regulatory Framework, KYC/AML guidelines, Fair Practices Code, and Digital Lending Guidelines.
• Assist in developing, implementing, and maintaining a Board-approved Compliance Policy, Compliance Manual, Codes of Conduct, and Standard Operating Procedures (SOPs).
• Track and analyse regulatory updates from the Reserve Bank of India, Financial Intelligence Unit India, and Ministry of Corporate Affairs, and coordinate timely implementation across departments.

2. Compliance Risk Management

• Identify and assess compliance risks across products, lending operations, digital platforms, outsourcing arrangements, and partnerships.
• Participate in new product approvals and change-management processes to ensure regulatory compliance prior to launch.
• Support the design and execution of a risk-based compliance monitoring program, including periodic testing of key processes.

3. Policies, Processes & Internal Controls

• Review internal policies, customer documentation, loan agreements, marketing materials, and operational processes to ensure regulatory compliance before implementation.
• Evaluate internal controls across the lending lifecycle including customer onboarding, underwriting, loan disbursal, servicing, collections, recovery, and vendor management.
• Recommend control improvements and remediation measures where compliance gaps are identified.

4. Regulatory Reporting & Inspections

• Prepare and submit regulatory filings, returns, and compliance certifications required by the Reserve Bank of India and other authorities.
• Maintain proper documentation and records to support regulatory inspections and audits.
• Assist in responding to regulatory queries and ensuring timely closure of inspection observations.

5. Compliance Reporting & Stakeholder Engagement

• Prepare periodic compliance reports highlighting key risks, regulatory developments, breaches, and remediation status.
• Support reporting to senior management and the Board on compliance matters.
• Coordinate with internal teams including risk, legal, operations, and product to embed compliance into day-to-day processes.

Skills & Qualifications

• Graduate or Postgraduate degree in Law, Finance, Commerce, or related field.
• 24 years of relevant experience in Compliance within an NBFC, FinTech, or financial services organization.
• Preferred: LLB / Company Secretary (CS) qualification.
• Working knowledge of the NBFC regulatory framework issued by the Reserve Bank of India.
• Exposure to regulatory filings, audits, or RBI inspections is an advantage.
• Strong analytical skills with the ability to identify compliance risks and recommend practical solutions.
• High ethical standards, independence, and ability to communicate effectively with senior stakeholders.

What We Offer

• Competitive salary.
• Opportunity to work in a fast-growing NBFC/FinTech environment.
• Exposure to regulatory frameworks and compliance governance.
• Professional growth and learning opportunities.

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!