Role Overview
This role serves as the central authority for regulatory strategy and compliance governance across the lending lifecycle. The Senior Compliance Manager will drive end-to-end alignment with RBI regulations, banking-partner frameworks, and IPO-readiness requirements, ensuring the organisation operates with the highest standards of regulatory integrity, risk control, and governance.
The role goes beyond execution and includes policy design, regulatory strategy, board-level reporting, and external stakeholder management.
Key Responsibilities
- Regulatory Strategy & Governance
- Interpret and implement RBI Master Directions, Digital Lending Guidelines (DLG), and evolving regulatory frameworks from an NBFC and LSP perspective.
- Build and continuously enhance the compliance framework across lending, co-lending, FLDG structures, outsourcing, and consumer protection.
- Act as a strategic advisor to leadership on regulatory risks, product structuring, and expansion initiatives.
- Ensure alignment with the Fair Practices Code (FPC), KYC/AML norms, data privacy, and dark pattern regulations.
- RBI, SEBI & Regulatory Relationship Management
- Manage end-to-end interactions with RBI, including inspections, supervisory queries, audits, and regulatory submissions.
- Independently manage filings across RBI portals, including Pravaah, DAKSH, and CIMS, with high accuracy.
- Act as the primary compliance SPOC for banking partners, especially SEBI and other colending/NBFC partners.
- Drive regulatory alignment in co-lending partnerships, escrow mechanisms, and risk-sharing arrangements.
- IPO Readiness & Governance
- Lead compliance workstreams for IPO readiness, including strengthening internal controls and governance frameworks.
- Ensure regulatory disclosures and documentation readiness; work closely with Legal, Finance, and merchant bankers.
- Support due diligence, DRHP preparation, and regulatory filings from a compliance standpoint.
- Establish board-level reporting mechanisms and compliance dashboards.
- Product & Business Compliance
- Conduct end-to-end compliance reviews for new lending products, embedded finance and insurance-linked products, and securitization/direct-assignment structures.
- Ensure strong consumer protection, grievance-redressal, and transparency mechanisms.
- Provide compliance sign-offs and recommendations before product launches.
- Risk Assessment & Compliance Testing
- Design and implement enterprise-level compliance risk frameworks across the lending lifecycle—
from origination and underwriting to servicing and collections.
- Conduct periodic compliance testing, audits, and gap assessments.
- Present findings and action plans to senior leadership, the Board, and Compliance Committees.
- Automation & Process Excellence
- Drive automation across regulatory reporting, compliance monitoring, partner due diligence, and audit workflows.
- Implement scalable systems for real-time compliance tracking and reporting.
- Team Leadership & Stakeholder Management
- Mentor and manage a team of compliance professionals.
- Collaborate with Product, Risk, Legal, Finance, and Operations teams.
- Act as the bridge between internal teams, regulators, auditors, and banking partners.
Experience
- 6-12 years of experience in NBFCs/fintech lending companies or Financial Services practice at top tier law/consulting firms.
- Proven experience in handling RBI inspections, bank partnerships (SEBI preferred), and IPO readiness/compliance.
Technical Expertise
- Deep understanding of RBI Master Directions for NBFCs, Digital Lending Guidelines (DLG), colending, FLDG, and securitisation frameworks.
- Strong exposure to RBI reporting systems: Pravaah, DAKSH, and CIMS.
- Familiarity with SEBI regulations and IPO processes is a strong advantage.
- Working knowledge of IRDAI regulations for embedded products.
Skills
- Excellent & Strong analytical drafting, policy-writing, risk-assessment and Competencies capabilities. regulatory-interpretation
- High ownership, attention to detail, and process skills orientation.
- Ability to operate at both strategic
- Strong stakeholder-management and communication skills.
