ProgCap - Manager/Senior Manager - Compliance

About Progcap:
Progcap is a fintech company focused on enabling access to working capital for underserved small and medium businesses across India. Through its technology-driven platform, Progcap partners with financial institutions to provide seamless supply chain financing, helping retailers and distributors improve cash flow and grow their businesses.
Website: https://www.progcap.com/
Location: South Delhi
Role Overview:
The Manager / Senior Manager - Compliance will be responsible for ensuring adherence to regulatory requirements applicable to NBFC-Middle Layer entities, with a strong focus on compliance testing, regulatory reporting, implementation of compliance tools, and handling regulatory inspections. The role requires deep understanding of RBI guidelines, internal policies, and risk-based compliance frameworks.
Key Responsibilities
1. Compliance Monitoring & Testing
- Design and execute risk-based compliance testing programs across business functions.
- Conduct periodic compliance reviews and sample-based testing to assess adherence to regulatory and internal policies.
- Identify compliance gaps, control weaknesses, and recommend corrective actions.
- Prepare detailed compliance testing reports and track closure of observations.
2. Regulatory Compliance (RBI & Other Authorities)
- Ensure adherence to all applicable RBI guidelines for NBFC-Middle Layer, including but not limited to:
- Scale-Based Regulation (SBR)
- Fair Practices Code
- KYC/AML guidelines
- Outsourcing guidelines
- IT & Cyber Security Framework
- Corporate Governance norms

- Monitor regulatory updates/circulars and assess their impact on business operations.
- Drive timely implementation of regulatory changes across departments.
3. Compliance Tool / System Implementation
- Manage and enhance Compliance Management Systems (CMS) or tools.
- Automate compliance tracking, alerts, and reporting through technology platforms.
- Maintain compliance dashboards, compliance calendars, and exception trackers.
- Work closely with IT teams/vendors for system upgrades and integrations.
4. Regulatory Reporting
- Ensure accurate and timely submission of returns, filings, and reports to RBI and other regulators.
- Validate data integrity and compliance with reporting formats and timelines.
- Maintain proper documentation and audit trails for all regulatory submissions.
5. Inspection & Audit Management
- Coordinate and manage RBI inspections, internal audits, and external audits.
- Prepare and present required data/documents during inspections.
- Track and ensure timely closure of inspection/audit observations.
- Develop and maintain inspection readiness frameworks.
6. Policy & Framework Development
- Draft, review, and update compliance policies, SOPs, and internal guidelines in line with regulatory requirements.
- Ensure policies are aligned with RBI norms and industry best practices.
- Conduct periodic policy reviews and approvals.
7. Stakeholder Management & Advisory
- Act as a compliance advisor to business and functional teams.
- Conduct training and awareness sessions on regulatory requirements.
- Collaborate with Risk, Legal, Audit, and Operations teams for holistic compliance management.
8. Risk Assessment
- Support enterprise-wide compliance risk assessments.
- Develop and maintain risk-control matrices (RCM).
- Implement risk-based monitoring frameworks.
Key Skills & Competencies:
- Strong knowledge of NBFC regulations and RBI guidelines.
- Hands-on experience in compliance testing and monitoring frameworks.
- Strong analytical and problem-solving skills.
- Excellent documentation and reporting skills.
- Ability to manage regulatory inspections independently.
- High attention to detail and strong ethical standards.
Qualifications:
- Company Secretary (CS) / MBA (Finance) / LLB or equivalent.
- Certifications in compliance, risk management, or AML (preferred).
Preferred Experience:
- 3-6 years of experience in NBFCs, Banks, or Financial Institutions.
- Prior exposure to RBI inspections, audits, and regulatory reporting.
- Experience in implementing compliance frameworks/tools.