Manager - Banking Compliance - Mumbai, India - MONEYLICIOUS INVESTMENTS AND CONSULTING SERVICES PRIVATE LIMITED

Description

One of the fastest growing investment platform looking to democratize access to financial services for millions of Indians responsibly is hiring for Manager -Banking Compliance

Location - Malad, Mumbai

Qualification - Commerce graduate, qualified CA/CS/Law graduate

EXPERIENCE: 4 6 years of experience in Retail/ Digital banking compliance or with similar experience

Responsibilities :

Managing compliances for third party Banking businesses covering products viz. Credit (digital lending), Fixed deposits, Cards, Savings account etc.

Designing and implementing a Compliance Framework for each product and provide advisory/clarification to stakeholders.

Provide support to NBFC business in implementing RBI guidelines on Digital Lending etc.

Dissemination of regulatory circulars to internal stakeholders and ensuring timely closure of their actionable. Review of Vendor/Business Correspondence (BCs)/Lending Service Providers (LSPs) legal agreements as per specific regulatory guidelines of RBI, NPCI etc.

Understand Know Your Customer (KYC) regulations, IRAC norms etc.

Tracking of regulatory correspondences and maintain repository of all regulatory communication.

Handling of Banking partners audits & regulatory inspections.

Conducting process audits / compliance testing at regular intervals.

Conducting compliance risk assessment & ensure identified risks are mitigated.

Well-versed with IT laws, Information security & Data privacy requirements.

Preferred skills:

Should have worked at a mid-senior level in the compliance function in retail banking/retail lending compliance or process compliance.

Experience in Payment related compliances will be an added advantage.

Effective communication skills as required to communicate with functional heads and other stakeholders.

Process focused and laying down best standards of functioning. Deadline and Detailed oriented.

Good presentation skill for interacting with inter department and Regulators