Chief Compliance Officer

As the Chief Compliance Officer, you will lead the organizations compliance efforts in affordable housing finance, ensuring adherence to legal, regulatory, and ethical standards in India. You will oversee compliance with laws such as RERA, RBI guidelines, and government housing schemes, while building a culture of transparency and accountability.

Key Responsibilities:

1. Regulatory Compliance

• Ensure adherence to all applicable laws, including:
• RBI guidelines for Housing Finance Companies (HFCs) and Non-Banking Financial Companies (NBFCs).
• State-specific housing and land acquisition regulations.
• Monitor compliance with government schemes like Pradhan Mantri Awas Yojana (PMAY), Credit Linked Subsidy Schemes (CLSS), and tax incentives under the Income Tax Act.

2. Policy and Procedure Development

• Design and implement robust compliance frameworks, policies, and procedures.
• Conduct regular compliance audits and ensure alignment with internal and external standards.

3. Legal Advisory

• Provide legal counsel on affordable housing projects, loan agreements, and subsidy programs.
• Oversee the drafting, review, and negotiation of contracts, MOUs, and JV agreements.
• Manage legal disputes related to land acquisition, project financing, or regulatory breaches.

4. Risk Management

• Conduct compliance risk assessments and identify potential risks in housing finance projects.
• Develop strategies to mitigate financial, legal, and reputational risks.

5. Training and Awareness

• Train employees on regulatory requirements, fair housing practices, and ethical standards.
• Promote awareness of compliance policies across the organization.

6. Reporting and Liaison

• Prepare and submit reports to regulatory authorities such as the RBI, NHB, and Ministry of Housing.
• Liaise with government bodies, industry associations, and external legal counsel.

7. Stakeholder Collaboration

• Work closely with internal teams, including legal, finance, and operations, to ensure compliance in all activities.
• Engage with external auditors, developers, and financial partners to address compliance requirements.

Qualifications:

Educational Background:

• Bachelors degree in Law (LLB) is mandatory; a Masters degree (LLM) is preferred.
• Additional qualifications like CA, CS, or MBA (Finance) are advantageous.

Professional Experience:

• 710 years of experience in compliance, legal advisory, or regulatory roles.
• Proven track record in affordable housing finance, real estate, or financial services.
• Expertise in navigating RERA, RBI guidelines, and affordable housing policies.

Key Skills:

1. Legal and Regulatory Knowledge: Strong understanding of laws governing affordable housing, land use, and financial regulations in India.
2. Analytical Thinking: Ability to assess compliance risks and implement effective solutions.
3. Communication: Proficient in drafting and presenting policies, reports, and legal documentation.
4. Leadership: Capable of building and managing compliance teams.
5. Attention to Detail: Meticulous in ensuring adherence to complex regulatory frameworks.

Preferred Competencies:

• Experience with affordable housing initiatives such as PMAY or similar schemes.
• Familiarity with digital tools for compliance management and legal research.
• Strong interpersonal skills for liaising with regulators, auditors, and external partners.