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AVP – Legal & Compliance

Category: Product ID: 4939


About the job

MSME Sector: The MSME sector is poised to be the key to unlocking India’s economic development and rightfully so. The Ministry of MSME’s annual report 2020-21 uncovered that India has approximately 6.33 crore MSMEs that contribute significantly to the country’s productivity and employment. Despite its significance and reach, the struggle to acquire credit has hampered the sector’s growth and establishment. A report by the IFC stated that 85% of MSMEs remain underserved in terms of credit, and only onefifth of these financing gaps were fulfilled by formal credit. The contributing factors to this issue are access, cost, and underwriting. Traditional lenders require MSME borrowers to provide credit history, formal records, business vintage, etc, which may exclude many small businesses from the formal lending ecosystem. Moreover, they are dispersed, which brings up a problem of reach and penetration for larger lending institutions. As a consequence, the MSME lending sector in India faced a credit deficit of INR 16 lakh crore. (as of Q1 2020).

The Role

AVP – Legal And Compliance Industry

A Fin-tech venture funded by the largest global investors. Led by star leadership

Location: Gurgaon, Haryana

Reporting – Chief Financial Officer

  • Roles & Responsibilities 
  • Will be responsible for all the matters relating to Regulatory Compliances, Legal and Company Secretarial streams of the organization.
  • Liaison with RBI and other regulatory and other statutory/legal bodies for various Regulatory and other matters including but not limited to RBI Regulations, RBI reporting, Companies Act, 2013, etc.
  • Organize the Board/Committee/shareholders’ meetings and manage the stake matters with the Board of directors and investors of the Company. 
  • To act as Company Secretary of the Company and discharge all company secretarial matters. 
  • Drafting and Reviewing of various policies and ensuring Board/Audit/ internal approval as per the requirements
  • Drafting, reviewing, and Monitoring RBI escalated complaints and Ombudsman matters.
  • Audits: Continuous engagement with various Business and support functions for review of various processes and policies.
  • RBI Inspection – Assisting in RBI inspection incl. obtaining data from various businesses, review of the data before submission, drafting response-related Inspection observations, Board notes, etc.
  • Learning & Development – Knowledge Series, Test and learnings for AML-KYC, Fair Practice Code, Data Privacy, Do’s & Don’ts’s, etc.
  • Shareholder’s Agreement, Subscription Agreement – knowledge of related legal provisions, due diligence, and documentation 
  • Preparing documents to update management on any regulatory changes impacting the company, Policy benchmarking and Regulatory updates, and actionable of Peers. 
  • Draft/vet all agreements and negotiate the legal documentation across partners and contracts 
  • Steer compliance guidelines and controls for all regulatory requirements including RBI, Companies Act, etc.
  • Institutionalize the Legal document and process digitization 
  • Support the Treasury initiatives, Fundraising documentation for the organization’s Technical Competencies 
  • Strong understanding of current regulations affecting NBFC (especially NBFC-SI) 

  • Technical Competencies

    Strong understanding of current regulations affecting NBFC (especially NBFC-SI)

    • Knowledge on Audits & Statutory compliances, Strong understanding of current regulations affecting NBFC companies
    • Good knowledge of RBI and IRDAI regulations, Companies Act and other Corporate Laws
    • Regulatory Compliance, Corporate Law, CS, Legal Jobs in BFSI.
    • Experience on legal and compliance matters with NBFC-SI can be an added advantage


    • Passed Company Secretary Professional Examination & LLB with 8-12 years experience

    Ideal Profile

    • You have at least 6 years of experience including solid experience in a similar role within Financial Services.

    What’s on Offer?