Risk and Compliance Executive (MFI) Jobs in Chennai Microfinance Institution
⚡ Hiring Now🏫 Chennai Microfinance Institution Employment Zones
Chennai's private microfinance institutions provide small business and livelihood loans to low-income borrowers through branch networks in Guindy and Ambattur MIDC, employing Tamil-speaking field credit officers, loan supervisors, and branch managers.
Microfinance Institution employment zones in Chennai include Guindy, Ambattur MIDC, Sholinganallur, Anna Nagar, Nungambakkam, T. Nagar, Adyar, Velachery, Taramani, and Perungudi.
📋 Job Description
Jobzi is sourcing qualified candidates for Risk and Compliance Executive (MFI) positions in Chennai's private Microfinance Institution sector. This is a full-time opportunity with a reputed Microfinance and NBFC-MFI employer in Chennai offering competitive salary, structured growth, and a professional work environment. Tamil communication skills are preferred alongside English for professional and business interaction in Chennai.
📌 Key Responsibilities
- Monitor and ensure compliance with RBI NBFC-MFI master directions, circulars, and reporting obligations
- Maintain compliance calendar and track all regulatory deadlines for returns, disclosures, and filings
- Prepare and submit statutory returns and reports to RBI, FIU-IND, and other regulatory bodies as required
- Conduct periodic reviews of branch KYC, AML, and PMLA compliance and report findings to the CCO
- Support the risk function with risk control self-assessments, risk register updates, and board reporting
- Assist in implementing new RBI circulars and policy changes across branches and operations teams
- Prepare compliance and risk presentations for board committee meetings and senior management review
🎓 Qualifications and Requirements
- Are you familiar with RBI NBFC-MFI master directions, qualifying asset norms, and fair practice code requirements?
- Have you maintained a compliance calendar and tracked regulatory filing deadlines for an NBFC?
- Do you have experience preparing and submitting RBI statutory returns or FIU-IND reports?
- Are you knowledgeable about PMLA obligations, KYC norms, and AML monitoring requirements for MFIs?
- How do you communicate a new RBI circular's impact to branch operations and field teams?
- Have you supported a risk register update or risk control self-assessment for an NBFC?
- How do you handle a compliance gap identified in a branch review before the next RBI inspection?
- Good Tamil and English communication skills for team coordination and client interaction in Chennai.
✅ Required Skills
🏆 Certifications and Qualifications
Graduate degree in any stream for loan officer and field roles (minimum qualification at most MFIs); NISM Series V-A for MFI staff handling mutual fund cross-sell; RBI NBFC-MFI compliance awareness and Responsible Finance guidelines (RBI Harmonised Guidelines 2022) for operations; PMLA (Prevention of Money Laundering Act) and KYC awareness for branch roles; credit analysis and cashflow assessment training for credit officer roles; training in JLG (Joint Liability Group) lending methodology; Tamil language fluency required for field-facing roles in Chennai
Frequently Asked Questions
What types of jobs are available in microfinance institutions in Chennai?
Private NBFC-MFIs in Chennai hire across field and office roles including loan officers, collection executives, branch managers, credit analysts, HR executives, training officers, and risk and compliance staff. Field roles involve JLG centre meetings and loan disbursement in urban and peri-urban zones, while office roles focus on credit appraisal, MIS reporting, audit, and branch operations. Both fresher and experienced candidates find opportunities in Chennai's growing private microfinance sector.
What qualifications are needed for microfinance institution jobs in Chennai?
Most field and entry-level roles at private MFIs in Chennai require a graduate degree in any stream, with Tamil language fluency being essential for customer-facing positions. Senior roles such as branch manager and area manager typically require two to six years of microfinance or NBFC experience. Specialist positions in audit, compliance, and credit analysis prefer CA Inter, MBA, or relevant certification. KYC, PMLA awareness, and RBI NBFC-MFI guideline knowledge are increasingly valued at all levels.
What is the career growth path in a private microfinance institution in Chennai?
A typical career in a Chennai-based private MFI begins as a loan officer or collection executive at the field level, progressing to senior loan officer and then branch manager after two to four years of demonstrated portfolio performance. High performers move to area manager overseeing multiple branches, then to regional manager responsible for a district cluster. Leadership roles such as COO or CEO are open to professionals with extensive NBFC-MFI operational and regulatory track records spanning fifteen or more years.
What does a Risk and Compliance Executive do at a private MFI in Chennai?
A risk and compliance executive at a private MFI in Chennai ensures the institution adheres to RBI NBFC-MFI master directions, PMLA and KYC obligations, and fair practice code requirements. The role involves maintaining the compliance calendar, preparing regulatory filings and FIU-IND reports, conducting branch-level KYC and AML reviews, updating the risk register, and preparing board committee compliance presentations. The executive works closely with the CCO and senior management to embed a culture of regulatory compliance across all branches and functions.
What qualifications are needed for a Risk and Compliance Executive at an MFI in Chennai?
A graduate degree with CA Inter or an equivalent finance or law qualification is strongly preferred for this role at private MFIs in Chennai. Candidates must have one to five years of experience in NBFC regulatory compliance, banking compliance, or risk management. Thorough knowledge of RBI NBFC-MFI master directions, PMLA, KYC norms, and FIU-IND reporting requirements is essential. Strong written communication for board reporting and regulatory correspondence, combined with analytical ability to assess compliance gaps, are key competencies for this position.
What is the salary for a Risk and Compliance Executive at a private MFI in Chennai?
Risk and compliance executives at private NBFC-MFIs in Chennai earn between Rs.22,000 and Rs.52,000 per month depending on qualification, regulatory knowledge, and years of experience. Candidates with CA Inter, prior RBI inspection experience, or expertise in PMLA and FIU reporting are positioned at the higher end. Strong performers are considered for compliance manager or chief compliance officer roles in mid-to-large MFI institutions, which carry substantially higher compensation and board-level responsibilities.
What is the salary for Risk and Compliance Executive (MFI) in Chennai Microfinance Institution in
A Risk and Compliance Executive (MFI) in Chennai earns between Rs.24,000 and Rs.54,000 per month in July 2026, depending on experience, skills, and employer.
What experience is required for Risk and Compliance Executive (MFI) jobs in
1 - 5 Years of relevant experience is typically required for Risk and Compliance Executive (MFI) positions in Chennai's private Microfinance Institution sector.
வேலை விவரம் - தமிழில்
Chennai-ல் Risk and Compliance Executive (MFI) வேலைவாய்ப்பு. மாத சம்பளம் ரூ.24,000 முதல் ரூ.54,000 வரை. 1 - 5 Years અனுபவம் தேவை. Microfinance Institution-ல் Full Time பணி. ஆர்வமுள்ளவர்கள் Jobzi மூலம் விண்ணப்பிக்கலாம்.