Associate Director - Regulatory Compliance Payment Gateway - Banking Fintech

Associate Director Regulatory Compliance

India s leading payments and API banking company. It helps 600000 businesses accept and send money and is used for multiple use cases like vendor payouts wage payouts bulk refunds etc. They offer the widest range of solutions including API banking platform Payouts that helps businesses send money instantly 24x7 to any bank account UPI ID card or wallet with a simple API that businesses can integrate with their product. The Payment Aggregation business is regulated by the Reserve Bank of India. They are one of the first recipients of such licenses and will be adding more such regulated products in its portfolio. We are looking for a dynamic regulatory compliance leader who could work with various teams on the ground to build strong mechanisms to ensure compliance to the applicable regulatory framework while ensuring the best customer outcomes.

Roles & Responsibilities:

Regulatory compliance framework help define regulatory compliance roadmap develop and implement compliance framework for the company prepare compliance checklists drive compliance projects stakeholder coordination (internal and external) for compliance activities drafting and review of policies related research.

Licensing related activities & support licensing applications & support with regulatory communications related research/ product reviews setting up & monitoring related compliance frameworks managing audits obtaining certifications etc.

Provide compliance support to stakeholders at various levels of the organization to resolve compliance queries strategize on new products and ensure compliance.

Provide regulatory support to InfoSec team security audits cybersecurity compliances etc. Provide support for various internal and external audits.

Regulatory & policy developments: Closely monitor payments and fintech regulatory landscape for developments provide insights on these and their impact on company strategy to internal stakeholders support with drafting and communications with external stakeholders.

Work involves the following regulatory frameworks: RBI and NPCI regulations PA PPI PSO regulations Outsourcing PMLA KYC MD Digital Lending IT Act and Meity BaaS & banking Regulations Crossborder payment regulations (OPGSP LRS RDA FEMA etc.) Aadhaar Act etc.

Required Skills:

CA/ CS/ MBA/ Law graduate with 1013 yrs relevant work experience in Banks/ Fintech on regulatory compliance matters

Exposure to laws relating to payments fintech and banking including RBI and NPCI regulations retail and crossborder payments PSO regulations BaaS and banking regulations IT Act and Meity PMLA and KYC regulations familiarity with payments infrastructure etc.

Strong experience with managing endtoend regulatory compliancerelated projects and advisory. Experience and familiarity with product reviews

Excellent communication skills with the ability to communicate complex legal concepts in simple language to nonlegal stakeholders

Strong analytical and problemsolving skills with the ability to think strategically and provide creative solutions to complex legal issues

Ability to work effectively in a fastpaced dynamic environment with a proven ability to manage multiple projects and priorities simultaneously