Job Description

#Hiring
 We have an exciting requirement with one of the leading Fintech client for the position of a IT Compliance. Interested candidates can send in your resume to [email protected] This is a full time role, at Krayontek Solutions.

Exp: 2yrs to 5 yrs
Location: Mumbai
Role: IT Compliance (Preferably Women’s)
Job Type: On Site

Job Summary:

We are seeking an experienced and detail-oriented IT Compliance Specialist with 2.5 years of experience working with Loan Management Systems (LMS). The ideal candidate will have a strong understanding of regulatory compliance, data security, and risk management practices as they relate to LMS platforms in the financial services and banking sector. In this role, you will be responsible for ensuring that the organization’s LMS complies with relevant laws, internal policies, and industry regulations, particularly around data privacy, risk, and security. You will work closely with cross-functional teams to manage compliance audits, risk assessments, and assist in implementing policies that mitigate IT-related risks.

Key Responsibilities:

• Regulatory Compliance Monitoring & Reporting
  • Ensure that the Loan Management System (LMS) complies with all applicable regulations such as GDPR, PCI-DSS, SOX, RBI Guidelines (for BFSI), and other industry standards specific to loan processing and financial services.
  • Conduct regular audits and assessments of the LMS to verify compliance with regulatory and internal IT policies.
  • Generate compliance reports and communicate findings to senior management and relevant stakeholders.
     

• Data Privacy & Security Compliance
  • Ensure that sensitive loan data (e.g., borrower information, financial details) is handled in accordance with data protection regulations, including GDPR, CCPA, and relevant local data privacy laws.
  • Work closely with IT security teams to implement strong access controls, encryption, and authentication measures for the LMS.
  • Ensure data is securely stored, transmitted, and disposed of in line with industry best practices and regulatory requirements.
     

• Risk Management & Mitigation
  • Identify, assess, and manage IT-related risks associated with the Loan Management System, including system vulnerabilities, data breaches, and non-compliance issues.
  • Collaborate with IT security, operations, and risk management teams to mitigate risks and ensure business continuity in case of system failures or data loss.
  • Develop and implement risk mitigation strategies to prevent potential IT and compliance breaches related to LMS operations.
    
     
• Audit & Compliance Reviews
  • Assist in preparing for internal and external audits related to LMS operations, ensuring all required documentation, evidence, and reports are available for compliance verification.
  • Respond to audit findings and implement corrective actions to address any identified compliance gaps or vulnerabilities.
  • Assist in creating and maintaining an audit trail for all activities related to loan processing and LMS management.
     

• Policy Development & Implementation
  • Develop, implement, and review IT compliance policies and procedures specific to the Loan Management System.
  • Collaborate with internal teams, such as Legal, Risk, and Loan Operations, to ensure policies and procedures are up-to-date with current regulations.
  • Support policy enforcement and conduct training for staff on compliance protocols related to the LMS.
     

• Vendor Risk Management
  • Review third-party vendor contracts and ensure that all LMS-related service providers meet compliance and security standards.
  • Work with procurement teams to assess the risk and compliance posture of third-party vendors providing LMS-related services (e.g., cloud services, payment processors, etc.).
     

• Incident Response & Breach Management
  • Assist in managing and responding to compliance or data security incidents related to the LMS.
  • Support incident response protocols, ensuring timely and accurate reporting of incidents to internal stakeholders and regulatory bodies, if necessary.
     

• Continuous Improvement & Compliance Culture
  • Stay updated on regulatory changes, industry standards, and best practices related to IT compliance in the BFSI sector, particularly for loan servicing and processing systems.
  • Proactively recommend improvements to the LMS to address new compliance requirements or security vulnerabilities.
  • Foster a culture of compliance and security awareness across the organization.
     

Key Requirements:

• Experience:
  • Minimum of 2.5 years of experience in IT compliance, ideally within a Loan Management System (LMS) environment in the BFSI domain.
  • Familiarity with financial regulations such as PCI-DSS, GDPR, RBI guidelines, SOX, and other industry standards related to loan management, banking, or financial services.
  • Experience in audit processes and ensuring compliance with IT security and data privacy laws.
     

• Technical Skills:
  • Knowledge of Loan Management Systems (e.g., Finastra, Temenos, FIS, etc.) and the IT infrastructure supporting them.
  • Proficiency in understanding the regulatory requirements for data security, privacy, and financial transactions in a Loan Management System environment.
  • Familiarity with risk management frameworks and compliance tools used for monitoring and reporting.
  • Experience with data encryption, access control mechanisms, and secure data handling practices.
     

• Soft Skills:
  • Strong written and verbal communication skills to interact with cross-functional teams, auditors, and regulators.
  • Detail-oriented with the ability to identify potential compliance issues and suggest corrective actions.
  • Strong problem-solving and analytical skills.
  • Women Candidate Preferable.
  • Ability to work independently and take ownership of compliance tasks while collaborating effectively with cross-functional teams.