SMFCL Chief Compliance Officer Recruitment 2026: Contractual Opening for Senior Compliance Professionals

Table of Contents

• Vacancy Overview
• About SMFCL
• Eligibility Criteria
• Role And Responsibilities
• Salary And Service Conditions
• Important Conditions
• Application Process
• Submission Mode
• Why This Vacancy Matters
• Final Takeaway

Sagarmala Finance Corporation Limited (SMFCL), formerly known as Sagarmala Development Company Limited, has invited applications for the post of Chief Compliance Officer (CCO) on a contractual basis. The post is meant for experienced professionals with a strong background in compliance, finance, legal, audit, risk management, and regulatory oversight.

This is a senior-level opportunity with a consolidated monthly remuneration of ₹90,000, and the last date to apply is 18 June 2026 up to 6:00 PM.

Vacancy Overview

About SMFCL

SMFCL is a Schedule ‘B’ Mini-Ratna Category-I CPSE under the Ministry of Ports, Shipping and Waterways, Government of India. It is registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India and focuses on maritime financing, infrastructure support, coastal logistics, shipbuilding, vessel acquisition, and coastal community development.

The registered office is in New Delhi, and the company has positioned the CCO role to strengthen its statutory and regulatory compliance systems.

Eligibility Criteria

The notification prescribes a strict eligibility framework for senior professionals:

• Essential qualification: CA, ICWAI, LLB, CS, or MBA in Finance.
• Experience: Minimum 20 years of post-qualification experience.
• Out of that, at least 12 years must be in Finance, Audit, CS, Compliance, Legal, or Risk Management functions in NBFCs, banks, or financial institutions.
• The applicant must be a retired official from Central Government, State Government, CPSU, State PSU, autonomous body, or similar organization.
• The retirement rank should be not below E-7 level or equivalent.

This makes the position suitable for highly experienced compliance or legal-finance professionals nearing or after retirement from senior public-sector roles.

Role And Responsibilities

The CCO will be responsible for building and maintaining a strong compliance framework within SMFCL. The official scope of work includes:

• Implementing the Board-approved compliance policy.
• Building a compliance risk management programme aligned with changing laws and regulatory directions.
• Creating a compliance-oriented organizational culture.
• Overseeing statutory and regulatory compliance across the organization.
• Developing standards and procedures to prevent, detect, and correct non-compliance.
• Managing risk tools to identify, prioritize, mitigate, and report compliance risks.
• Coordinating RBI and other regulatory inspections and ensuring timely compliance with supervisory observations.
• Reporting regularly to management and the Board.
• Conducting training and awareness programmes on compliance.
• Assisting in the implementation of compliance policy, internal codes of conduct, and related procedures.
• Maintaining updated manuals and process notes for business operations.

The notification also notes that knowledge of RBI regulations, especially credit-related regulations, will be preferred, along with familiarity with SEBI/RBI bond market regulations.

Salary And Service Conditions

The selected candidate will receive a consolidated monthly remuneration of ₹90,000. The appointment is contractual and does not create a right to regular employment in SMFCL.

Other service conditions include:

• Leave: Follow SMFCL leave calendar for gazetted holidays, plus 1 casual leave per month.
• Termination: Contract may be terminated by either side with one month’s notice.
• Jurisdiction: Courts at New Delhi.

Important Conditions

The notification contains several important cautionary clauses for applicants:

• Applicants must ensure they meet all eligibility conditions before applying.
• Any false statement or suppression of material facts can lead to cancellation of candidature or termination later.
• Applications without proof of age, qualification, experience, and pay details may be rejected.
• Incomplete applications or applications received after the deadline will be summarily rejected.
• SMFCL reserves the right to modify, restrict, or cancel the recruitment process without notice.

Application Process

Interested candidates must submit their application in the prescribed format along with:

• Updated CV.
• Proof of age.
• Qualification certificates.
• Experience documents.
• Details of last drawn pay, including level/grade and/or CTC.
• Recent passport-size colour photograph.
• Self-attested copies of supporting documents.

Submission Mode

Applications must be emailed to recruitment@sdclindia.com on or before 18 June 2026, 6:00 PM.

Candidates are also required to possess:

• A valid email ID and contact number.
• A laptop and mobile phone with internet connection for communication purposes.

Why This Vacancy Matters

This is a strong opportunity for senior compliance professionals from the banking, NBFC, legal, audit, or risk management sectors. The role is especially relevant because SMFCL is an RBI-registered NBFC and a government-owned maritime financing institution, meaning the CCO position will deal with significant regulatory oversight and board-level compliance responsibilities.

For retired senior officers, the vacancy offers a high-value post-retirement contractual assignment with national-level institutional importance.

Final Takeaway

SMFCL’s Chief Compliance Officer recruitment is a niche senior-level opening for professionals with substantial regulatory, legal, and compliance expertise. With a three-year contractual term, a consolidated salary of ₹90,000, and extension based on performance, the post is well-suited for experienced leaders who can build a strong compliance ecosystem in a government enterprise.

The deadline is 18 June 2026, 6:00 PM, so eligible candidates should submit their complete application well before the cut-off

Official Notification: https://sdclindia.com/admin/images/documents/vancancydocument-Advertisement%20-%20CCO.pdf