Rupeek FinTech - Compliance Officer (10-20 yrs)

Rupeek: Redefining Gold Loans for a Digital India

The Opportunity:

India boasts a $2 trillion gold market, yet traditional gold loans are often cumbersome and lack transparency. Rupeek, established in 2015 and headquartered in Bangalore, is changing this landscape. We are India's leading asset-backed digital lending fintech platform, committed to making credit accessible and convenient.

Our Approach:

Rupeek leverages cutting-edge technology and an automated asset-light model to transform gold loan disbursal. Our secure, low-touch processes offer a friction-free experience for over 5 lakh satisfied customers across India. With strategic partnerships with leading banks and financial institutions, Rupeek unlocks the value of gold assets for our borrowers.

Why Rupeek?

Shape the Future of Finance: Join us in revolutionizing the way India accesses credit through innovation, technology, and a commitment to building a more inclusive financial ecosystem

Profitable Scale is Our Focus: We are now prepared and committed to achieving a profitable scale while remaining dedicated to financial inclusion.

Backed by Industry Leaders: Marquee investors like Accel Partners, Bertelsmann, Elevation Capital, GGV Capital, Peak XV and many more fuel our growth, demonstrating confidence in our innovative approach.

Are you a Senior leader who thrives in a dynamic, fast-paced environment?

If you share our passion for making a difference, Rupeek offers the perfect platform to leverage your expertise and shape the future of gold-backed lending in India.

This is your chance to build a company at the forefront of financial innovation and market leadership.

Compliance Officer

Job Summary:

Rupeek Fintech is seeking a highly experienced and dynamic Compliance Officer to join our leadership team. The CO will play a critical role in ensuring the organization's adherence to regulatory requirements and internal policies, fostering a robust compliance culture, and serving as a liaison with regulatory bodies. The ideal candidate would have extensive experience in the BFSI sector, particularly with NBFCs, and a proven track record in managing compliance functions and interacting directly with regulators.

Job Title: Compliance Officer

- Education: CA/CS or equivalent professional qualification.

- Experience: Minimum of 10+ years of work experience in the BFSI sector, with at least 5+ Years leadership level experience in compliance, particularly in Bank/NBFC.

Location: Bangalore/Mumbai

Key Responsibilities:

- Compliance Oversight: Assist the Board and Senior Management in implementing and overseeing the Compliance Policy, including policies and procedures, Compliance Manuals, internal codes of conduct, and more.

- Compliance risk Identification and Mitigation: Identify compliance risks within the organization, analyze risks associated with existing and new products/processes, and implement appropriate risk mitigants. Participate in 'new product' committees to ensure intensive monitoring of new products for the first six months.

- Monitoring and Testing: Conduct sufficient and representative compliance testing, report results to Senior Management, and circulate instances of compliance failures among staff along with preventive instructions. Examine staff accountability for major compliance failures.

- Regulatory Compliance: Ensure compliance with regulatory and supervisory directions from the RBI and other regulators in both letter and spirit, in a time-bound and sustainable manner. Ensure all Risk Mitigation Plan (RMP) and Monitorable Action Plan (MAP) points are compiled within prescribed timelines.

- Regulatory Liaison: Serve as the primary contact point between the company and regulators/supervisors, participate in structured or regular discussions with the RBI, and communicate compliance to RBI inspection reports through the Compliance Function.

- Stakeholder Support: Act as a reference point for internal stakeholders from operational departments for clarifications/interpretations of various regulatory and statutory guidelines.

Skills & Experience:

- Minimum of 10+ years of work experience in the BFSI sector, with at least 5+ Years leadership level experience in compliance, particularly in Bank/NBFC.

- CA/CS/PGDM/MBA or equivalent professional qualification.

- Proven experience in dealing directly with RBI/NHB as a regulator and managing RBI/NHB audits for at least 5 years.

- Demonstrated experience in dealing with Senior Board Members and Independent Directors in previous roles.

- Ability to take ownership of and strengthen the compliance culture within the organization.

- Understanding of regulatory requirements and internal policies relevant to the NBFC sector.

- Ability to interpret and translate regulations into actionable compliance plans.

- Experience in developing and implementing a Compliance Policy and related materials.

- Knowledge of risk identification and mitigation strategies in a compliance context.

- Proven ability to conduct compliance testing and analyze results.

- Ability to clearly explain regulations and compliance procedures to internal and external stakeholders as well as to the Board.

- Ability to confidently represent the company as a liaison with relevant regulatory bodies .

- Strong leadership skills to foster a robust compliance culture within the organization.

- Experience working effectively with a Board of Directors, including independent directors.

- Ability to analyze complex regulations and identify potential compliance risks.

- Skills to assess risks associated with new products and processes.

- Attention to detail and accuracy in ensuring adherence to regulations.

- Project management skills to oversee and manage compliance initiatives.

- Staying up-to-date with regulatory changes within the BFSI sector.