About Balancehero IndiaBalancehero India Pvt. Ltd. (BHI), the wholly-owned subsidiary of Balancehero Co. Ltd., Korea which runs and operates the mobile app “True Balance”- a one-stop destination for financial services.” Founded by Charlie Lee in Korea in 2014, Balancehero started its operations in India in the year 2016. It started off as a balance check application and the company has expanded its business model to financial services. The company aims to build a financial platform for the next billion which set the context for loans, utility services, pay later services, and commerce services. The Company's wholly-owned subsidiary True Credits Private Limited, is a licensed NBFC that aims to bridge the financial gap in India by making Finance available for all. True Credits lends through the True Balance mobile application.About True BalanceOwned and operated by BalanceHero Group, True Balance is an RBI authorized Prepaid Payment Instrument (PPI) issuing entity. It offers loans through its subsidiary and RBI licensed Non-Banking Financial Company - True Credits Private Limited and other RBI licensed partners. Founded in 2016, as a mobile app for users in India to efficiently manage their phone calls and data usage, True Balance is now India’s one of the top financial services platforms providing solutions to all the financial needs of its users - from obtaining instant loans, paying utility bills to do prepaid recharges seamlessly. To date, True Balance has raised more than US$84 million in equity funding from marquee global investors like Softbank, Naver, and Line to name a few. The company aims to become the go-to financial services platform for the next billion people in India, playing a key role in the nationwide push towards the goal of Digital India and advancing financial inclusion amongst the unbanked and underbanked people.Balancehero India | About True CreditsEstablished in 2019, True Credits is the RBI licensed NBFC that provides innovative financial services to empower the next billion unbanked users. They cater to the personal and business needs of consumers by providing fast and hassle-free finance. True Credits is focused towards unbanked users who have created a huge demand for instant credit services in India.Job Description : Responsible for ensuring compliances of all RBI and regulatory provisions applicable to NBFC.Implement and strengthen robust Compliance Framework.Preparation of notes for Board on these regulatory requirementsInterpretation, study and market practice on various business activities.Tracking regulatory circulars and giving regular feedback to the respective functions on the regulations/ directives regarding their function.Preparation and review of all NBFC applicable internal regulations, policies and procedures, action plan etc.Ensuring preparation of Return and Report; timely filing of forms;Attending and preparing replies to RBI’s email and their inspection report.Provide continuous assistance in various business deals, Product and understanding of applicable compliances. Coordination with internal departments to ensure compliance; Vetting of legal documents and advising on matters from the compliance perspective.Liaisoning with legal and regulatory authorities.
Job Title
Balancehero India | Compliance Manager