Regulatory Risk & Compliance Lead – India

Location: India, Delhi NCR
Department: Risk & Compliance
Posted: November 15, 2024

About the role 

We are seeking an experienced Regulatory Risk & Compliance Lead with a strong background in all aspects of risk and compliance, particularly in Regulatory Compliance.

As the Regulatory Risk & Compliance Lead – India at Tide, you will be a key member of the Compliance team, playing a pivotal role in managing regulatory frameworks and risk assessments, especially in relation to our PPI licence application and ongoing operations. You will support regulatory reporting, compliance management, and respond to business inquiries while collaborating closely with cross-functional teams to shape compliance strategies, drive regulatory research, and influence product development decisions.

Key Responsibilities:

• Regulatory Compliance:
• Ensure full adherence to RBI guidelines and other relevant regulatory frameworks.
• Develop and implement compliance policies and procedures to maintain regulatory standards and manage reporting obligations.
• Serve as the primary point of contact with RBI for all regulatory matters.
• Risk Management:
• Identify, assess, and manage regulatory and compliance risks related to PPI operations.
• Conduct regular risk assessments and implement effective mitigation strategies.
• Develop and maintain a comprehensive risk management framework in line with regulatory requirements and industry best practices.
• Communicate the company’s risk appetite and tolerance levels to key stakeholders.
• Policy Development:
• Create, review, and update compliance policies to reflect regulatory changes.
• Train internal teams on updated policies to ensure organisation wide compliance.
• Audits and Investigations:
• Coordinate internal audits and regulatory reviews, and implement corrective actions when necessary.
• Ensure thorough preparation and response to regulatory examinations.
• Training and Awareness:
• Develop and deliver training programs on regulatory compliance and risk management.
• Promote a culture of compliance within the organisation.
• Documentation and Record Keeping:
• Maintain accurate and up-to-date documentation for all compliance activities.
• Ensure easy access to records for audits and regulatory inspections.
• Liaison and Reporting:
• Act as the key liaison with regulatory bodies such as RBI.
• Ensure timely submission of all regulatory filings and reports.
• Document all communications with regulatory authorities accurately.
• Research and Advisory:
• Lead regulatory research to provide compliant solutions for business initiatives.
• Offer expert guidance during decision-making processes regarding compliance issues.
• Stay current with regulatory changes and assess their potential impact on the business.
• Stakeholder Management:
• Collaborate with teams across the business to ensure seamless integration of compliance requirements.
• Serve as the subject matter expert on regulations, providing guidance on business strategies and regulatory responses.
• Support the Head of Risk and Compliance – India and the Senior Management team, including Global Risk Leads, in implementing risk and compliance initiatives in India.

What we are looking for 

• Proven experience in risk management or compliance roles within financial services, payments, or banking industries, with a strong understanding of regulatory guidelines and fintech products.
• In-depth knowledge of regulatory requirements and risk management frameworks for Fintech companies in India.
• Strong analytical skills, with the ability to identify, assess, and mitigate compliance, market, credit, liquidity, operational, and conduct risks.
• Experience developing and implementing risk management frameworks, policies, and procedures.
• Excellent communication and interpersonal skills, with the ability to convey complex risk concepts to both technical and non-technical stakeholders.
• A team player with a track record of working in high-performing risk management teams, fostering collaboration and driving change.
• Strong organisational and time management abilities, with the capacity to manage multiple priorities under tight deadlines.
• Professional certifications such as FRM, CAMS, JAIIB, or CAIIB are highly preferred.

What you’ll get in return: 

• Stock Options
• Self & Family Health Insurance
• Term & Life Insurance
• OPD Benefits
• Mental wellbeing through Plumm
• Learning & Development Budget
• 15 days of Privilege leaves
• 12 days of Casual leaves
• 12 days of Sick leaves
• 3 paid days off for volunteering or L&D activities

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