Role & responsibilities

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:

o Nature of non-compliance o Regulatory reference o Business impact o Risk rating o 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. 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.

8. 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.

Preferred candidate profile:

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

Experience:

- 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 Head (NBFC/ HFC) (Mumbai)
🏢 Corenza
📍 Mumbai