AVP Compliance

About Client :

Client is a leading financial app available on both Android and iOS platforms. They have garnered over 8 million downloads, maintaining a high user satisfaction level with 4+ star ratings and approximately 80,000 user reviews across both app stores. We specialize in offering personal loans to salaried customers. We are focused on delivering a unified, personalized financial experience across multiple product categories, with a strong emphasis on credit and collections.

We are one of the fastest consumer lender to attain profitability while adopting a customer first approach to providing financial freedom to a large underpenetrated low and medium risk salaried segment. We are backed by Xponentia Capital and Unleash Capital as our investors. Recently India Rating has assigned the company a rating BBB with stable outlook, making us one of the few fintech companies in the unsecured lending space to receive a BBB rating as our initial rating from one of the Top 4 credit rating agencies.

Key Responsibilities :

1. Regulatory Compliance

Ensure full compliance with the Reserve Bank of India (RBI) guidelines applicable to NBFCs, including Master Directions, Fair Practices Code, KYC / AML, and Outsourcing Guidelines

Ensure compliance with Digital Lending Guidelines, particularly in relation to Lending Service Providers (LSPs), including vetting and finalizing agreements.

Track and interpret regulatory developments; assess their impact on business operations and ensure timely implementation.

2. Policy & Framework Development

Develop, review, and update internal compliance policies, SOPs, and manuals in alignment with evolving regulations

Advise senior management on regulatory expectations during product design, new business initiatives, and partnerships.

3. Monitoring

Conduct regular compliance reviews and audits of business and operational functions

Implement compliance testing and monitoring programs to identify and mitigate noncompliance risks.

4. Training & Culture

Drive organization-wide awareness and training programs on compliance risk

Foster a compliance-first culture across all teams.

5. Coordination & Governance

Coordinate with internal audit, finance, operations, and technology teams to ensure seamless regulatory adherence

Serve as the primary point of contact with RBI, FIU-IND, and statutory auditors on compliance matters

Ideal Candidate Attributes :

Strong understanding of RBI regulations specific to NBFCs (knowledge of IRDAI regulations is a plus).

Proven experience in a compliance-focused role within an NBFC or legal advisory firm