Ambit - Senior Manager - RBI Compliance - CS/LLB/LLM (5-7 yrs)

Senior Manager - RBI Compliance

About:

Ambit Finvest is a fast-growing NBFC of the Ambit Group. We offer MSME-secured loans, MSME-unsecured loans, and used vehicle loans. We focus on providing our clients with hassle-free and quick loans, taking a holistic view of their needs and challenges. As a dedicated NBFC, we pride ourselves on offering tailored loan solutions paired with excellent customer service. Inspired by the abacus, our solutions offer valuable insights that benefit all our stakeholders.

Our business acumen allows us to understand the challenges affecting the MSME sector, and through smart loan solutions, we aim to support our clients' profitability, resulting in sustainable growth for both them and ourselves.

Key Responsibilities:

- To establish and manage a robust Compliance Program to commensurate with the Business strategies of the Organization through the below activities.

- Review and disseminate all applicable regulatory guidelines, with clear analyses of impacts, actions to be taken and timelines to the relevant units.

- Examine relevant regulatory aspects while approving Products and Processes.

- Ensure the policies of the organization are in line with the regulatory requirements.

- Provide guidance and recommendation for corrective actions as appropriate.

- Recommend solutions to Compliance Related matters.

- Frequent interactions with Business to identify Compliance gaps and ensure resolution of the same.

- To identify Compliance Risks on an ongoing basis, carry out periodical Compliance Risk Assessment.

- Design Compliance Monitoring Program basis the Compliance Risk Assessment to enable ongoing monitoring and enable the functions to be at satisfactory level.

- Manage and coordinate compliance audits and inspections by regulatory authorities, ensuring timely responses and corrective actions.

Regulatory liaising and carry out following activities:

- Vetting of correspondences / compliances before submitting to regulators.

- Coordination with Departments and Regulators during regulatory inspections.

- Timely submission of data as sought by regulators.

- Dissemination of inspection reports, collation of compliance, validation of compliance, reporting to Board / Board Committee.

- Provide compliance training and awareness programs to employees and stakeholders.

Qualifications:

- CS/LLB/LLM/Bachelors/Master's degree preferred.

- 5-7 years of experience in compliance and regulatory affairs within the financial services sector, with a strong preference for experience in the NBFC industry.

- Strong understanding of RBI guidelines and other relevant regulations.

- Proven experience in leading and managing compliance teams.

- Excellent communication and interpersonal skills.