Key Responsibilities 1. Regulatory Compliance & RBI Governance • Own and drive end-to-end compliance with RBI regulations applicable to digital lending businesses, NBFCs, and lending partnerships. • Act as primary SPOC for the RBI on all regulatory communications, inspections, supervisory reviews, audits, reporting requirements, and ad hoc information requests. • Monitor evolving RBI regulations, circulars, master directions, and supervisory expectations, translating them into actionable business requirements. • Establish a robust regulatory compliance framework, compliance monitoring program, and governance structure across the organisation. • Ensure timely submission of all regulatory filings, returns, certifications, and compliance reports. 2. Compliance Function Building • Build and institutionalise the compliance function, policies, controls, monitoring mechanisms, and operating procedures; hire and mentor the compliance team. • Develop scalable compliance processes that support rapid business growth while maintaining regulatory discipline. • Drive compliance automation and technology-enabled monitoring capabilities to improve oversight and reporting. 3. Product & Business Compliance • Partner with Product, Business, Credit, Risk, Operations, Technology, and Customer Experience teams to embed compliance at the product design stage. • Conduct regulatory assessments for new products, partnerships, features, and process changes. • Evaluate compliance implications of lending programs, digital journeys, customer onboarding, collections, outsourcing arrangements, and third-party partnerships. • Provide practical regulatory guidance to business teams while balancing growth objectives and regulatory expectations. Page 1 of 2 Olyv | Head of Regulatory Compliance | Job Description4. Regulatory Inspections & Audit Readiness • Lead RBI inspections, supervisory reviews, thematic examinations, and regulatory audits. • Coordinate internal audits and compliance assessments, ensuring timely closure of observations and implementation of corrective actions. • Maintain ongoing regulatory readiness through periodic reviews, control testing, and compliance assurance activities. • Drive remediation programs arising from regulatory observations and audit findings. 5. Regulatory Change Management • Establish a structured regulatory change management process. • Assess regulatory developments and coordinate implementation across relevant stakeholders. • Ensure policies, procedures, controls, and operational processes remain aligned with evolving regulatory requirements. 6. Stakeholder Management • Work closely with senior leadership, risk, credit, technology, product, operations, and external regulatory stakeholders. • Provide periodic compliance updates to leadership and Board-level committees. • Build strong, credible relationships with regulators and industry bodies. Ideal Candidate Profile Experience • 8+ years of experience in Regulatory Compliance within NBFCs, fintechs, banks, digital lending platforms, or regulated financial institutions. • Strong exposure to RBI-regulated lending businesses. • Experience handling RBI inspections, regulatory reviews, audits, and supervisory interactions. • Proven experience implementing compliance frameworks within a high-growth organisation. • Exposure to digital lending, consumer lending, unsecured lending, secured lending, or embedded finance ecosystems is preferred. Functional Expertise Strong understanding of: • RBI regulations applicable to NBFCs (incl. Scale Based Regulation) • Digital Lending Guidelines • Fair Practices Code • Outsourcing Guidelines • KYC / AML / CFT norms Leadership Competencies • Co-lending & LSP / DLA arrangements • Grievance redressal & Ombudsman framework • Credit information reporting (CICs) • IT governance, cyber security & data privacy (incl. DPDP Act) • Regulatory returns, filings & statutory certifications • Builder mindset: ability to set up a function from the ground up and scale it with the business. • Commercially pragmatic: gives clear, practical guidance that enables growth within regulatory boundaries. • Strong judgement, integrity, and the credibility to challenge senior stakeholders when required. • Excellent communication, with the ability to engage regulators, the Board, and cross-functional teams. Qualifications • Graduate / postgraduate in Law, Commerce, Finance, or a related field. CA, CS, LLB, MBA, or equivalent professional qualification is preferred.
