Compliance Lead – Retail Business

JOB OVERVIEW:

Regulatory Advisory: The incumbent will be responsible for providing regulatory guidance and clarifications to internal stakeholders, while ensuring compliance with applicable RBI regulations and internal policies.

QUALIFICATION:

CA/CS/ LLB/MBA Finance

EXPERIENCE:

• Proven and rich experience of 12+ years in compliance with Banks / NBFCs.
• Practical knowledge of relevant regulatory requirements and guidelines related to retail lending.
• Strong analytical skills with the ability to interpret regulations.
• Team Leader. Excellent communication and interpersonal skills.

KEY RESPONSIBILITIES:

• Serve as the primary point of contact for retail business compliance, including housing loans, personal loans, digital lending and LAP.
• Review retail products, new initiatives, or processes and lead compliance advisory, queries, and clarifications for the retail business.
• To review and update policies & procedures for retail business.
• Monitor regulatory developments and assess their impact on our operations.
• Support Chief Compliance Officer and the team in ensuring adherence to regulatory guidelines.
• Play a key role in driving assignments and projects, including compliance-related automation, across businesses and other functions, and supervise end-to-end completion and implementation.
• Identify potential areas of compliance vulnerability and risk, and develop and implement a corrective action plan for resolution.
• Responsible for managing regulatory inspections, including managing pre & post-inspection activities.
• Monitor and enforce compliance with internal policies and procedures across retail operations.
• Foster effective relationships with internal & external stakeholders.