Compliance Executive

2 weeks ago


Jamnagar, India Snapmint Full time

About Snapmint

Founded by serial Entrepreneurs from IIT Bombay, Snapmint is challenging the way banking is done by building the banking experience ground up. Our first product provides purchase financing at 0% interest rates to 300 Million banked consumers in India who do not have credit cards using instant credit scoring and advanced underwriting systems. We look at hundreds of variables, much beyond traditional credit models. With real time credit approval, seamless digital loan servicing and repayments technology we are revolutionizing the way banking is done for today’s smartphone-wielding Indian.


Leadership

Nalin, Anil, and Abhineet are IIT Bombay alumni and serial entrepreneurs. Their success stories include – Oyo, Ola, Holachef, Inrea and Sodel Solutions. Since 2008, the focus has been on solving big data problems, “real-time” predictive technologies and algorithms primarily Ad-tech, Consumer Marketing and Media and growing eCommerce brands.


About the role

  • Maintain oversight on the developments in the NBFC regulatory environment and proactively manage the potential regulatory risk.
  • Dealing with various circulars as issued by RBI ie Scale Based Regulations, Outsourcing Guidelines etc
  • Advise business/support units on compliance laws, rules and standards, including keeping them informed on regular regulatory developments 
  • Conduct training on regulatory compliance issues and acting as point of contact for all regulatory compliance queries from staff
  • Perform gap analysis on new/revised guidelines issued by regulators and follow up on action plans on the implementation
  • Develop solutions to address specific challenges faced by the business units in regulatory compliance matters including impact assessments
  • Assist the leadership with providing updates on the critical compliance issues for immediate attention
  • Role demands collaboration within the wider Compliance, Ops, Product and tech teams across Snapmint
  • Manage all internal and external audits 


Preferred Qualifications

Post Graduate with at least 1-3 years of experience in compliance position of Digital lending / Bank/Financial Services / Fintech space


  • Experience in Compliance departments of NBFCs, digital lending platforms, or banks
  • In-depth knowledge of the lending industry standards, RBI compliances and regulations including current market practices.
  • Managed RBI inspection independently atleast once. (More than once would be an added advantage.)
  • Has dealt with various regulators and managed regulatory audits
  • Knowledge of reporting procedures and record keeping guidelines
  • Ability to communicate clearly and precisely to the point.
  • Demonstrate the ability to plan and execute projects single handedly
  • Has an analytical mind able to see the complexities of procedures and regulations.
  • Has high ethical standards and is able to work diligently to complete duties.
  • Strong organizational skills and ability to manage multiple streams of work concurrently in a fast paced environment
  • Excellent MS Office skills including Microsoft Excel, PowerPoint


Location: Mumbai (Nahur) or Andheri



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