Manager – Legal, Compliance

Role Overview

As a newly established NBFC under the Reserve Bank of India (RBI), we are looking for a seasoned Compliance professional with 10–12 years of experience in regulatory compliance, legal oversight, and internal control systems. This role involves laying the foundation for a compliant, ethical, and governance-led organization, in line with RBI norms and other applicable regulations. The ideal candidate should possess strong knowledge of the NBFC regulatory landscape and have hands-on experience with drafting policies, managing audits, and ensuring organization-wide compliance.

Key Responsibilities
1. Regulatory Compliance

• Ensure end-to-end compliance with RBI Master Directions, NBFC Prudential Norms, AML/KYC guidelines, PMLA, and Credit Risk Management Guidelines.
• Monitor and implement regulatory circulars relating to credit underwriting, provisioning, and governance standards.
• Liaise directly with RBI, FIU-IND, auditors, and consultants on all compliance and inspection matters.
• Ensure compliance with data protection, borrower consent, and digital lending frameworks (if applicable).

2. Secretarial & Statutory Compliance

• Oversee timely filings with the Registrar of Companies (ROC), MCA, GST, and Income Tax departments.
• Maintain statutory registers and ensure adherence to Companies Act provisions.
• Submit required filings and returns via RBI's COSMOS portal (NBS-1, NBS-2, etc.).

3. Credit Operations & Lending Oversight

• Review and validate KYC, loan origination, underwriting, disbursement, collection, and recovery practices.
• Implement customer grievance redressal mechanisms and track resolution timelines.
• Supervise adherence to internal lending policies and documentation standards.

4. Risk Management & Audits

• Design and implement internal control mechanisms and compliance testing tools.
• Conduct regular internal audits and maintain a comprehensive compliance risk register.
• Recommend remediation measures and ensure closure of identified gaps.

5. Policy Development & Documentation

• Draft, review, and update all key policies such as:

• AML/KYC & C-KYC Framework

• Fair Practices Code (FPC)
• Grievance Redressal Policy, Outsourcing and Recovery Policies
• Code of Conduct & Whistleblower Policy
• Data Privacy & Consent Management Guidelines

6. Reporting & MIS

• Maintain detailed compliance calendars, dashboards, and MIS reports for board and audit committee presentations.
• Ensure timely and accurate regulatory submissions to all relevant authorities.

7. Training & Culture Building

• Conduct periodic training on regulatory norms, fraud prevention, and whistleblower protocols across departments.
• Foster a proactive compliance culture, particularly across credit, operations, and collections teams.

Key Skills

• Regulatory interpretation & compliance framework design.

• RBI portals and reporting familiarity (COSMOS, FIU-IND).

• Stakeholder communication and governance alignment.
• Hands-on with compliance dashboards and RegTech tools.
• ROC, GST, IT Compliances.

About Us

We are a newly established, credit focused NBFC committed to enabling access to finance for MSMEs and underserved retail borrowers across India. Our mission is to build a modern, tech-enabled lending platform that delivers responsible credit at scale.

Our parent AVANA Companies ) is a U.S. based group of credit and finance companies specializing in lending to specific niche industries that we're highly knowledgeable in, such as hospitality, construction, and traditional Commercial Real Estate (CRE) because it enables us to provide the best possible service for our borrowers and minimize risk for our investors. We focus on helping small business owners and real estate developers across the USA by offering quick, adaptable, and dependable financing.

Based in Glendale, Arizona, our financial services firm stands at the forefront of the industry, embracing innovation and fostering a culture of excellence.

Founded in 2002, we have originated loans in excess of $6.5 Billion and managed $1 Billion assets for our investors.

Why join us?

• Shape the compliance foundation of a purpose-driven credit NBFC.
• Work directly with founders and contribute to strategic decision-making.
• Exposure to legal, lending, and regulatory ecosystems.
• Be part of a governance-first culture built for long-term, sustainable growth.

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