About Company:

Svamaan financial Pvt. Ltd. is a microfinance institution (MFI) that helps its women customers in rural villages become economically self-sustainable by providing micro-loans. We are a recent-age NBFC-MFI following a data-based approach towards meeting the twin goals of financial inclusion and driving impact for our customers.

Work Experience: Minimum 8 to 12 years

Type: Full time (work from office)

Location: Nariman Point, Mumbai

Working days: Monday to Friday & Alternative Saturday (2nd & 4th Saturdays are off)

Key Responsibilities:

1. Regulatory Compliance Monitoring

- Monitor RBI circulars, notifications, master directions, guidelines, and other regulatory developments applicable to NBFCs.
- Assess the impact of new and amended regulations on various business functions.
- Ensure regulatory requirements are incorporated into internal policies, SOPs, and operational processes.
- Maintain a repository of applicable regulatory requirements and compliance obligations.

2. Compliance Audit

- Develop and execute a risk-based Regulatory Compliance Audit Plan.
- Conduct periodic audits across business functions
- Evaluate adherence to RBI regulations, internal policies, board-approved frameworks, and statutory requirements.
- Perform thematic and focused reviews based on regulatory risks.

3. Gap Assessment & Reporting

- Identify regulatory non-compliances, control weaknesses, and process gaps.
- Conduct root cause analysis for audit observations.
- Prepare detailed audit reports highlighting:
- Nature of non-compliance
- Regulatory reference
- Business impact
- Risk rating
- Corrective action recommendations
- Present findings to senior management and relevant stakeholders.

4. Corrective Action Tracking





- Work closely with business and functional teams to implement corrective actions.
- Monitor progress against agreed action plans.
- Validate closure of audit observations through follow-up reviews.
- Escalate unresolved or overdue observations to management.

5. Regulatory Advisory

- Provide guidance to business teams on interpretation and implementation of RBI regulations.
- Participate in policy reviews to ensure regulatory alignment.
- Support departments during regulatory inspections and internal/external audits.

6. Risk Management

- Identify emerging regulatory risks.
- Recommend preventive controls and process improvements.
- Strengthen the organizations compliance culture through proactive reviews.

7. Documentation & Governance

- Maintain comprehensive documentation of audit working papers, evidence, reports, and compliance trackers.
- Prepare periodic MIS and dashboards for management and Board-level committees.
- Ensure audit documentation meets regulatory and internal quality standards.

8. Stakeholder Management

- Collaborate with business heads, compliance, legal, risk, finance, operations, and IT teams.
- Build strong working relationships to facilitate timely implementation of audit recommendations.

Required Qualifications:

- Chartered Accountant (CA), MBA (Finance), Company Secretary (CS), CMA, LLB, or equivalent professional qualification.
- Certification in Internal Audit, Risk Management, Compliance, or Regulatory Auditing will be an added advantage.

Experience:

- 812 years of experience in NBFCs, Banks, Financial Institutions, or Audit/Consulting firms.
- Minimum 5 years of experience in Regulatory Compliance.
- Hands-on experience in auditing RBI regulatory compliance for NBFCs.
- Experience in interacting with regulators, auditors, and senior management is preferred.

📌 Lead - Internal Audit (Mumbai)
🏢 Svamaan
📍 Mumbai