Lead - Credit Compliance

Lead - Credit Compliance

Key Responsibilities

1. Compliance Monitoring & Risk Management

• Identify compliance gaps, process lapses, and control weaknesses across Vehicle Finance operations.
• Assess compliance risks and drive corrective and preventive actions to mitigate identified exposures.
• Monitor compliance observations and remediation status on an ongoing basis.
• Provide regular updates and reports to relevant stakeholders regarding compliance risk positions.
• Act as the first line of defense to ensure adherence to regulatory and internal compliance requirements.

2. Regulatory Change Management

• Drive implementation of new regulatory requirements within defined timelines.
• Ensure timely incorporation of RBI directives, regulatory guidelines, and compliance mandates into business processes and systems.
• Review, amend, and update policies, SOPs, operational guidelines, and process documents in line with evolving regulatory requirements.
• Coordinate with business and support functions to ensure effective implementation of regulatory changes.

3. RBI Inspection & Compliance Testing

• Review RBI inspection observations and compliance-testing findings.
• Coordinate and ensure timely closure of observations within stipulated timelines.
• Conduct sustenance and effectiveness checks to prevent recurrence of identified issues.
• Drive process and system enhancements to address root causes and strengthen compliance controls.
• Maintain documentation and evidence supporting closure of regulatory observations.

4. Audit Management

• Review and coordinate closure of observations arising from RBI, Statutory, Internal, and Concurrent Audits.
• Ensure audit responses are aligned with relevant stakeholders before submission.
• Track all open audit observations through closure and monitor implementation of agreed action plans.
• Drive process improvements and system enhancements to address audit findings.
• Conduct post-closure sustenance checks to ensure effectiveness of implemented controls.
• Ensure closure of Internal Audit observations within stipulated timelines (preferably within 15 days).

5. Process & System Governance

• Review existing operational processes and recommend improvements in control frameworks.
• Collaborate with Business, Technology, Operations, Risk, and Compliance teams to implement system and process enhancements.
• Ensure system controls are aligned with regulatory requirements and internal policies.
• Support automation and control initiatives to strengthen governance and operational efficiency.

6. Regulatory Reporting & Data Management

• Collate, validate, and submit information required by Compliance, Internal Audit Department (IAD), Vigilance, Regulators, and other stakeholders.
• Ensure accuracy, completeness, and timeliness of regulatory submissions.
• Maintain MIS and dashboards relating to compliance observations, audits, inspections, and remediation status.
• Support management reporting and governance forums with meaningful compliance insights.