Compliance Analyst, NIRA

Overview

Compliance Analyst at NIRA, an RBI-registered NBFC, to carry out a risk-based compliance testing program across digital lending, KYC, anti-money laundering, credit bureau reporting, customer conduct and data protection.

What you'll do

• Execute the risk-based annual testing plan, running tests of design and operating effectiveness across digital lending, KYC, AML/CFT (anti-money laundering and countering the financing of terrorism), fair practices, outsourcing and IT controls.
• Test the completeness, timeliness and field-level accuracy of submissions to credit bureaus against the loan management system, and track data quality scores against industry benchmarks.
• Prepare workpapers with clear scope, sampling, test steps and conclusions, classify findings by severity, and drive remediation with business owners through to evidence-backed closure.
• Maintain the regulatory change tracker across RBI, FIU-IND (Financial Intelligence Unit – India), MeitY and other bodies, and give practical day-to-day advice on customer journeys, pricing, collections scripts and partnerships.
• Maintain the policy library and compliance calendar, draft amendments to Board-approved policies, and write the procedures and checklists that sit beneath them.
• Prepare compliance reporting for management, the Risk Management Committee and the Board, and support RBI inspections, supervisory correspondence and regulatory filings.
• Monitor grievance redressal end to end, oversee escalated and regulator-routed complaints, and report on trends and root causes.
• Run compliance due diligence and periodic reviews of lending partners, collection agencies and vendors, and help operate and test our framework under India's Digital Personal Data Protection (DPDP) Act.

What you'll need

• 3–4 years of post-qualification experience in compliance, legal or regulatory assurance at an NBFC, bank, payments institution or regulated fintech.
• An LLB, CA, CS, or a postgraduate qualification in finance, commerce or risk.
• Working command of the RBI framework for NBFCs and digital lending, including the digital lending directions, KYC directions, scale-based regulation and the Fair Practices Code.
• The ability to read a regulation and turn it into a testable control.
• Practical AML knowledge grounded in the Prevention of Money Laundering Act, 2002 and its record-keeping rules, plus familiarity with FIU-IND reporting.
• Comfort working directly with product, engineering, operations and collections teams.

Nice to have

• Digital lending experience.
• Familiarity with data protection obligations under the DPDP Act, 2023 and credit information obligations under the Credit Information Companies (Regulation) Act.

Details

• Hybrid role based in the Bangalore office, 2-3 days/week.