Risk and Compliance Officer

Job Description:

Key Responsibilities:
Risk Management:
• Develop and maintain a robust enterprise risk management (ERM) framework.
• Identify, assess, monitor, and report operational, credit, market, and strategic risks.
• Monitor and manage risks related to lending, collections, and underwriting models.
• Implement risk mitigation strategies, policies, and procedures.
• Lead periodic stress testing, scenario analysis, and risk reviews.
• Coordinate with functional teams to manage and respond to risk events.
Compliance Management:
• Ensure compliance with all applicable laws, including RBI regulations, Digital Lending Guidelines, PMLA, KYC/AML
requirements, NBFC Master Directions, and IT Act.
• Monitor regulatory changes and update internal policies accordingly.
• Conduct periodic compliance audits and risk assessments.
• Liaise with regulatory authorities (RBI, FIU, etc.) and ensure timely and accurate regulatory filings and returns.
• Oversee vendor and third-party compliance, including outsourced service providers.
• Drive employee awareness programs on regulatory requirements and ethical standards.
Policy & Governance:
• Draft and maintain risk and compliance policies, SOPs, and frameworks.
• Ensure board-level reporting on risk and compliance metrics.
• Support the internal audit process and assist in implementing recommendations.
• Lead the implementation of a whistleblower policy and compliance incident reporting framework.
Qualifications & Experience:
• Education: CA / LLB / MBA / PG in Risk Management / Finance / Compliance / Law or equivalent.
• Experience: 5-10 years of relevant experience in risk and compliance roles within NBFCs, fintechs, or banks.
• Strong understanding of RBI regulations, credit/lending business, digital lending ecosystem, and data privacy laws.
• Exposure to regulatory technology (RegTech) tools and reporting systems is a plus.
Skills Required:
• Deep knowledge of Indian financial regulatory landscape.
• Strong analytical and problem-solving abilities.
• Excellent communication and stakeholder management skills.
• Ability to work independently and lead cross-functional compliance initiatives.
• Integrity, ethical judgment, and a risk-aware mindset.
Preferred:
• Prior experience working with growth-stage fintech NBFCs.
• Exposure to RBI’s Digital Lending Guidelines and customer data protection frameworks.
• Experience in managing internal and external audits.