Legal & Compliance Manager

Job Summary:

We are seeking a highly skilled and experienced Manager of Compliance to join our fast-growing fintech/nbfc company based in Mumbai. The Manager of Compliance will be responsible for ensuring that our organization adheres to all applicable laws, regulations, RBI guidelines, and industry standards. The ideal candidate will possess in-depth knowledge of financial regulations and compliance requirements in India, particularly those set forth by the Reserve Bank of India (RBI). Additionally, strong analytical and communication skills are essential for this role. The Manager of Compliance will work closely with internal stakeholders to develop and implement compliance programs and policies to ensure our operations are conducted in a compliant manner.

Job Responsibilities:

• Ensuring the company complies with all applicable laws, regulations and guidelines as per Companies Act and RBI regulations.

• Managing end to end seceretarial compliances of the company, including the maintenance of statutory registers, fillings and records with regulatory authorities.

• Coordinating and organising board meetings, including preparing and distributing agendas, attending meetings, and drafting minutes.

• Vetting, drafting and negotiating contracts/ agreements and ensuring consistent and comprehensive coverage of commercial, contractual, technical and administration matters.

• Facilitating communication between the company and its shareholders, including the organisation of annual general meetings and handling shareholder inquiries.

• Implementing and maintaining good corporate governance practices within the organisation, including advising the board on corporate governance matters.

• Providing legal advice and guidance to the board and senior management on various legal matters affecting the company.

• Continuously monitoring changes in laws and regulations that affect the company and ensuring prompt compliance with new requirements.

• Identifying potential legal and compliance risks and developing strategies to mitigate these risks.

• Building and maintaining effective relationships with regulatory authorities, legal advisor, auditors, and other stakeholders.

• Develop, implement, and maintain compliance policies and procedures specifically tailored to the NBFC sector.

• Monitor and ensure adherence to regulatory requirements set forth by the Reserve Bank of India (RBI) or relevant authorities.

• Conduct regular risk assessments and compliance audits to identify and mitigate potential issues.

• Train and educate staff on NBFC compliance standards and regulatory changes.

• Manage reporting to regulatory bodies, including filing necessary reports and responding to inquiries.

• Stay updated on evolving NBFC regulations and industry best practices.

• Collaborate with other departments to address compliance-related matters and maintain a culture of compliance throughout the organization.

• Investigate and resolve compliance violations and issues promptly.

• You will highlight any issues which are likely to have revenue implications and exposure to legal, financial and statutory risks.

• To ensure that the contracts and other documents for business secure Company’s interests and are compliant with laws, regulations and internal policies.

• Develops contract terms, conditions and modifications of commercial agreements including confidentiality, Business Terms etc

• Managing and reviewing labour law compliances.

  Qualifications: 

• We are looking for qualified CS, LLB preferred.

• A minimum of 4+ years of experience in compliance or risk management within the financial services industry, preferably in a fintech/nbfc company. 

• Thorough understanding of Indian financial regulations, including RBI guidelines, AML/CFT requirements, and data protection laws. Strong knowledge of compliance best practices and industry standards in the fintech sector, including adherence to RBI guidelines. 

• Excellent analytical and problem-solving skills, with the ability to identify and mitigate compliance risks effectively. 

• Proven experience in developing and implementing compliance programs, policies, and controls in accordance with RBI guidelines. 

• Ability to work independently and make decisions in a fast-paced and dynamic environment. Exceptional communication skills, both verbal and written, with the ability to convey complex regulatory concepts to stakeholders at all levels. 

• Detail-oriented with a strong commitment to accuracy and quality.