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Regulatory Risk & Compliance Specialist



Delhi, India
Posted on Friday, March 29, 2024

Who are Tide:

At Tide, we’re on a mission to save businesses time and money. We’re the leading provider of UK SME business accounts and one of the fastest-growing FinTechs in the UK. Using the latest tech, we design solutions with SMEs in mind and our member-driven financial platform is transforming the business banking market. Not only do we offer our members business accounts and related banking services, but also a comprehensive set of highly connected admin tools for businesses.

Tide is about doing what you love. We’re looking for someone to join us on our exciting scale up journey and be a part of something special. We are wanting passionate Tideans to drive innovation and help build a best-in-class platform to support our members. You will be comfortable in ambiguous situations and will be able to navigate the evolving FinTech environment. Imagine shaping how millions of Tide members discover and engage with business banking platforms and building this on a global scale.

What we’re looking for:

As an Regulatory Risk and Compliance Specialist you’ll be a key part of the Risk & Compliance team helping the Risk team to build Monitoring regulatory changes,Implementing compliance procedures,Conducting risk assessments,Providing guidance and training,Conducting audits and reviews,Liaising with regulatory authorities,Investigating compliance incidents:

Tide is growing at a phenomenal rate, and as such the Risk team is expanding and continually seeking to improve the Risk & Compliance function. The Risk and Compliance Specialist will be working closely with the Risk and Compliance Manager . The successful individual is expected to be from a Risk and Compliance with exposure to payments being desirable.

As a Regulatory Risk and Compliance Specialist you’ll be:

  • Develop and implement a comprehensive risk management framework, policies, and procedures in line with regulatory requirements and industry best practices.
  • Establish risk appetite and tolerance levels for the company and communicate them effectively to key stakeholders.
  • Conduct risk assessments, identify potential risks, and evaluate their potential impact on the company's business operations, financial position, and reputation.
  • Provide guidance/ response to various Payment functions on RBI guidelines related to product processes and propositions.
  • Vetting of documents received from various stakeholders from regulatory aspect, Flagging decisions under consideration from Regulatory aspect.
  • Suggest alternative actionable in order to mitigate regulatory risks Interactions (Internal/ External)
  • Liaison with the Internal & external stakeholders for regulatory and statutory compliance issues such as RBI, vendors, internal teams,etc.
  • Create risk mitigation strategies and action plans to address identified risks, ensuring effective controls and monitoring mechanisms are in place, incorporating risk decisioning and product management.
  • Collaborate with other teams, such as global risk leads, finance, operations, compliance,and legal, to embed risk management into their processes and decision-making.
  • Monitor and report on key risk indicators, trends, and emerging risks, providing regular updates to senior management.
  • Stay updated with relevant regulatory changes and industry developments, ensuring compliance with all applicable laws, regulations, and directives.
  • Conducting risk training and awareness programs for employees, promoting a strong risk culture throughout the organisation.
  • Establish and maintain relationships with external parties, such as regulators, auditors, and Industry associations, to stay informed about risk management practices and requirements.
  • Continuously assess and enhance the company's risk management framework, processes, and tools to effectively respond to changing risk landscapes.

What makes you a great fit:

  • Proven experience in risk management or Compliance officer roles within financial services industry or payments industry or banks, with a strong understanding of regulatory guidelines & fintech products and market dynamics.
  • Thorough knowledge of regulatory requirements and risk management frameworks applicable to Fintech companies in India.
  • Strong analytical and problem-solving skills, with the ability to identify, assess, and mitigate various types of risks, including compliance, market, credit, liquidity, operational, and conduct risks.
  • Experience in developing risk management frameworks, policies, and procedures, and implementing them effectively across an organisation.
  • Excellent communication and interpersonal skills, with the ability to effectively convey complex risk concepts to both technical and non-technical stakeholders.
  • Proven team members skills, with the ability to build and work within a high-performing risk management team, fostering collaboration, and driving organisational change.
  • Strong organisational and time management skills, with the ability to manage multiple priorities and meet deadlines under pressure.
  • Professional certifications such as FRM, CAMS, JAIIB, CAIIB, are highly preferred.

What you’ll get in return:

Make work, work for you! We are embracing new ways of working and support flexible working arrangements. With our Working Out of Office (WOO) policy, our colleagues can work remotely from home or anywhere in their assigned Indian state. Additionally, you can work from a different country or Indian state for 90 days of the year. Plus, you’ll get:

  • Competitive salary
  • Self & Family Health Insurance
  • Term & Life Insurance
  • OPD benefits
  • Mental wellbeing platform Plumm
  • Learning & Development budget
  • WFH setup allowance
  • 15 days of Privilege leaves
  • 12 days of Casual leaves
  • 12 days of Sick leaves
  • 3 paid day-offs for volunteering or L&D activities

Tidean Ways of Working

At Tide, we’re Member First and Data Driven, but above all, we’re One Team. Our Working Out of Office (WOO) policy allows you to work from anywhere in the world for up to 90 days a year. We are remote first, but when you do want to meet new people, collaborate with your team or simply hang out with your colleagues, our offices are always available and equipped to the highest standard. We offer flexible working hours and trust our employees to do their work well, at times that suit them and their team.

Tide is a place for everyone

At Tide, we believe that we can only succeed if we let our differences enrich our culture. Our Tideans come from a variety of backgrounds and experience levels. We consider everyone irrespective of their ethnicity, religion, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity status or disability status. We believe it’s what makes us awesome at solving problems! We are One Team and foster a transparent and inclusive environment, where everyone’s voice is heard.