NBFI Regulatory Transformation Consultant

Role OverviewWe are looking for an experienced Financial Services Regulatory / NBFI Consultant to support the transformation of regulatory frameworks covering Policy, Licensing, Risk and Supervision for Non-Banking Financial Institutions (NBFIs), Payments Companies and emerging financial services models.Key ResponsibilitiesReview and streamline regulatory policies, approval and NOC processes and establish frameworks for periodic policy reviews and gap assessments.Develop policy studies and recommendations addressing regulatory gaps across NBFIs and Payments Companies.Enhance licensing frameworks, application guidelines, review workflows and approval processes, leveraging SupTech where applicable.Develop frameworks for Sandbox, emerging licensing models and Sandbox-to-Licensing transitions.Establish and enhance risk assessment frameworks, including horizon scanning, sector-level risk assessment and entity-level risk scoring.Refine risk-based supervision, annual supervision planning, offsite monitoring and onsite inspection frameworks.Develop practical tools/templates supporting risk assessment, supervision planning and regulatory inspections.Enhance thematic reviews, supervisory request handling and regulatory decision-making.Define clear oversight and coordination responsibilities across NBFI Supervision, Payments, Cyber, Consumer Protection, Integrity, Licensing and Security functions.Tailor regulatory and supervisory frameworks for Payments Companies and Open Banking entities.Ideal Candidate ProfileStrong experience in financial services regulation, regulatory transformation or financial sector consulting.Good understanding of NBFIs, Payments, FinTech and/or Open Banking.Hands-on experience in policy development, licensing, risk frameworks and regulatory supervision.Experience working with financial regulators, central banks, supervisory authorities or management consulting firms is highly preferred.Strong framework development, analytical, stakeholder management and documentation skills.