Job Title: Compliance Officer

Location: Head Office, Karnataka
Industry: NBFC – MSME Lending
Reports To: Chief Risk Officer / Board / Audit Committee

Role Overview

The Compliance Officer will be responsible for ensuring that the NBFC operates in strict adherence to regulatory and statutory requirements, primarily governed by the Reserve Bank of India (RBI), along with relevant exposure to SEBI regulations where applicable. The role demands proactive management of compliance frameworks, internal controls, and regulatory reporting, with a strong focus on MSME lending practices.

Key Responsibilities Regulatory Compliance Management

• Ensure full compliance with RBI guidelines applicable to NBFCs, including those related to:
  • Fair Practices Code
  • KYC/AML norms (PMLA compliance)
  • Prudential norms and asset classification
  • Digital lending and outsourcing guidelines
• Track and interpret RBI notifications, circulars, and master directions; implement necessary changes across the organization.

SEBI Compliance Exposure

• Monitor applicable SEBI regulations (especially if the NBFC has listed debt instruments or interacts with capital markets).
• Ensure compliance with SEBI (LODR) requirements, insider trading norms, and disclosure obligations where relevant.

Policy Development & Governance

• Develop, review, and update internal compliance policies and SOPs in alignment with evolving regulatory frameworks.
• Provide advisory support to business teams (especially MSME lending) on regulatory implications.

Compliance Monitoring & Reporting

• Design and execute compliance testing and monitoring programs.
• Prepare and submit periodic returns and reports to RBI and other regulators.
• Maintain compliance dashboards and escalate risks to senior management and Board/Audit Committee.

Risk & Audit Coordination

• Collaborate with internal and external auditors for compliance audits.
• Identify compliance risks and implement corrective measures.

Training & Awareness

• Conduct compliance training programs for employees across functions.
• Foster a strong compliance culture within the organization.

Regulatory Liaison

• Act as the primary point of contact for communications with RBI, SEBI, and other regulatory bodies.
• Manage inspections, audits, and regulatory queries.

Qualifications & Experience Education

• Bachelor’s degree in Finance, Law, Business Administration, or related field
• Professional qualification  of CS along with membership is mandatory.

Experience

• 2–8 years of experience in compliance, risk, or regulatory roles within:
  • NBFCs / Banks / Financial Institutions
• Strong exposure to RBI regulatory frameworks for NBFCs
• Working knowledge or exposure to SEBI regulations is essential
• Experience in MSME lending business compliance will be an advantage

Key Skills & Competencies

• Strong understanding of RBI Master Directions for NBFCs
• Knowledge of KYC/AML, PMLA, and financial regulations
• Familiarity with SEBI (LODR), Insider Trading regulations
• Excellent analytical and interpretation skills for regulatory documents
• Strong stakeholder management and communication skills
• High integrity, ethical standards, and attention to detail

Key Performance Indicators (KPIs)

• Zero/Minimal regulatory breaches or penalties
• Timely submission of regulatory returns
• Improvement in audit and inspection ratings
• Effective implementation of regulatory changes
• Compliance training coverage across employees

Preferred Attributes

• Experience working in a digitally enabled lending ecosystem
• Ability to work in a fast-paced and evolving regulatory environment
• Strong problem-solving and decision-making capabilities