Compliance Specialist

Position: Senior Manager / AVP Compliance & Regulatory Affairs

Company: Abans Group

Location: Mumbai

Industry Preference: Consulting firms (Dhruva / BMR / Big 4), NBFC, Financial Services, Investment Firms

About Abans Group :

Abans Financial Services Ltd. is a listed, diversified financial services company offering a comprehensive suite of solutions across broking, commodity trading, asset management, financing, and investment advisory. Headquartered in Mumbai, the company operates with a strong presence in both Indian and global markets, serving institutional, corporate, and retail clients. As part of the larger Abans Group, the company continues to expand its footprint by delivering integrated financial services and building robust technology platforms to support its growing client base.

Role Overview

We are looking for a seasoned Compliance & Regulatory professional with strong experience in managing end-to-end regulatory requirements across financial services entities. The ideal candidate should have a consulting/advisory background and deep understanding of Indian

regulations, compliance frameworks, governance standards, and regulatory reporting.

The individual will ensure that all group entities remain compliant with statutory laws, regulatory guidelines, and periodic reporting requirements.

Key Responsibilities

1. Regulatory Compliance Management

Ensure 100% compliance with:

o RBI regulations for NBFCs

o FEMA & RBI filings (FC-GPR, FLA, ODI, ECB, LRS, etc.)

o SEBI regulations LODR, PMS, Research Analyst, Broking Compliance

o Companies Act compliance in coordination with Secretarial team

o Direct Taxation

Monitor regulatory updates and evaluate applicability to the group.

2. Compliance Framework & Monitoring

Develop, implement, and periodically update the Compliance Management Framework for the group.

Maintain a comprehensive compliance calendar across all entities.

Conduct periodic internal compliance reviews and risk assessments.

3. Policy, Controls & SOPs

Draft and review compliance policies, internal guidelines, and SOPs.

Assist in setting up controls for AML, KYC, onboarding, and operational compliance.

Ensure adherence to internal governance standards and ethical practices.

4. Regulatory Reporting & Filings

Ensure timely and accurate filing of:

o RBI monthly/quarterly returns (NBFC returns, NBS reports, financial returns)

o FEMA-related submissions

o Statutory compliance submissions for group entities

Coordinate with Finance, Legal, and Secretarial teams for data collation.

5. Regulatory Liaison & Inspections

Act as the primary point of contact for regulatory authorities.

Manage RBI inspections, regulatory audits, and compliance queries.

Prepare responses, documentation, and action plans for observations.

6. Transaction & Business Support

Review business proposals, new products, onboarding processes, and internal transactions from a compliance perspective.

Advise business teams on regulatory implications before execution.

Support group restructuring, entity formation, and operational setup from a compliance standpoint.

Required Skills & Experience

Strong understanding of:

o RBI NBFC Regulations

o FEMA & Cross-border regulations

o PMLA / AML guidelines

o Corporate Governance norms

o Regulatory reporting frameworks

Ability to interpret regulations and convert them into actionable SOPs.

Experience Background

615 years in Compliance / Regulatory Advisory, preferably from:

o Dhruva / BMR / Big 4 Regulatory Teams

o NBFC / Financial Services Compliance

o Legal or regulatory consulting firms

Experience handling multi-entity and cross-border compliance is a plus.

Soft Skills

Strong communication, documentation, and stakeholder engagement skills.

Ability to work independently and manage multiple deadlines.

High ownership, integrity, and attention to detail.

Education

Chartered Accountant (CA), Company Secretary (CS), or LLB preferred.

Additional certifications in FEMA/Compliance/Regulatory are a plus.

FCA compliance would be an Added advantage

Why This Role Matters

You will ensure group-wide compliance, risk mitigation, and regulatory hygiene.

You will work directly with leadership and cross-functional teams.

You will play a crucial role in supporting the groups scaling and regulatory alignment.