About the Role
Bhawana Capital is the Indian lending entity of Multitude Group, a listed European financial services group. We are an RBI-registered NBFC lending through a partner-led origination model, working with Loan Service Providers, and we are building the India business from an early base towards a substantially larger loan book.
This is a single-owner compliance role. You will not be joining a compliance department. You will be establishing one, and you will hold the statutory positions that go with it in your own name.
What You Will Own
Regulatory compliance — RBI
- All RBI compliance obligations applicable to a Base Layer NBFC, including the Master Directions on KYC, outsourcing of financial services, fair practices and digital lending
- Preparation and filing of periodic regulatory returns
- The compliance policy framework end to end — drafting, board approval, annual review and testing
- First point of contact for RBI correspondence, inspections and queries
AML and CFT — PMLA
- Appointment as Principal Officer under the PMLA and registration with FIU-IND
- The AML/CFT policy, the ML/TF risk assessment and customer risk categorisation
- STR, CTR and related reporting to FIU-IND
- Sanctions and PEP screening, and obligations under Section 51A of the UAPA
- CKYCR upload and search, V-CIP and periodic re-KYC
Partner and outsourcing oversight
- Compliance oversight of Loan Service Providers, covering customer-facing conduct, data handling, recovery practices, Key Fact Statement delivery and default loss guarantee arrangements
- Due diligence and periodic review of outsourced arrangements
Company secretarial and governance
- Board and committee process — agendas, papers, minutes and statutory registers
- MCA and ROC filings, and Companies Act compliance generally
- Support to the Board and the Designated Director on governance matters
Group
- Reporting to the Group MLRO on financial crime matters, and contributing to Group-level compliance reporting and