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Regulatory Risk & Compliance Lead



Delhi, India
Posted on Thursday, June 13, 2024

Job Title: -Regulatory Risk & Compliance Lead

Location: - Delhi

About Tide

At Tide, we are building a finance & admin platform designed to save small businesses time and money. We provide our members with business accounts and related banking services, but also a comprehensive set of connected administrative solutions from invoicing to accounting.

Launched in 2017, Tide is now the leading business financial platform in the UK with 575,000 SME members (10% market share) and more than 250,000 SMEs in India. Headquartered in London, Tide has over 1,600 Tideans across the UK, Bulgaria, India, Serbia, Romania, Ukraine and Germany.

Tide is rapidly growing, expanding into new markets and always looking for passionate and driven people. Join us in our mission to empower small businesses and help them save time and money.

About the team

We’re looking for a Regulatory Risk & Compliance lead with experience across all types of risk and compliance, but with particular expertise in Regulatory Compliances. As the Regulatory Risk & Compliance Lead - India at Tide, you will be a key member of the Compliance team, contributing significantly to various projects and initiatives that require regulatory compliance insights. The Regulatory Risk & Compliance Lead - India will play a critical role in managing regulatory compliance and risk frameworks related to our PPI licence application and ongoing operations.You will be involved in regulatory reporting, compliance support, responding to business queries, and managing regulatory returns. You will collaborate closely with multiple stakeholders to provide necessary compliance support and lead regulatory research efforts,Product developments, influencing compliance strategies and decisions.

About the role

  • Regulatory Compliance:
    • Ensure adherence to RBI guidelines and other relevant regulatory frameworks.
    • Develop and implement compliance policies and procedures.
    • Maintaining regulatory standards (including reporting obligations) and being the Tide point of contact with RBI
  • Risk Management:
    • Identify, assess, and manage compliance and regulatory risks associated with PPI operations.
    • Conduct regular risk assessments and ensure robust risk mitigation strategies are in place.
    • Monitor and report on regulatory risks and compliance issues.
    • 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.
  • Policy Development:
    • Develop, review, and update compliance-related policies and procedures to align with regulatory changes.
    • Ensure all internal stakeholders are informed and trained on compliance policies.
  • Audits and Investigations:
    • Coordinate with internal audits and regulatory examinations.
    • Address any findings from audits and regulatory reviews, implementing corrective actions as necessary.
  • Training and Awareness:
    • Develop and deliver training programs on regulatory compliance and risk management.
    • Promote a culture of compliance within the organisation.
  • Documentation and Record Keeping:
    • Maintain comprehensive documentation of all compliance activities, policies, and procedures.
    • Ensure all records are accurate, up-to-date, and easily accessible for audits and regulatory inspections.
  • Liaison and Reporting:
    • Serve as the primary point of contact with regulatory authorities such as RBI.
    • Prepare and submit required regulatory filings and reports in a timely manner.
    • Ensure all communications with regulatory bodies are accurately documented.
  • Research and Advisory:
    • Lead and participate in regulatory research to find compliant solutions for business matters.
    • Provide expert opinions and be part of the decision-making process regarding official Compliance Responses.
    • Stay updated on regulatory changes and assess their impact on business operations.
  • Stakeholder Management:
    • Collaborate with various teams across the business to ensure effective integration of compliance requirements.
    • Act as the subject matter expert on specific regulations, guiding the team and business strategies.
    • Supporting the Head Risk and Compliance India and Senior Management team including Global Risk Leads in the implementation of risk and compliance matters in India

What we are looking for

  • 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 written and verbal 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:

  • 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

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 celebrate diversity in our workforce as a cornerstone of our success. Our commitment to a broad spectrum of ideas and backgrounds is what enables us to build products that resonate with our members’ diverse needs and lives.

We are One Team and foster a transparent and inclusive environment, where everyone’s voice is heard.