Payment Operations Regulatory Compliance Associate

Join a team where your compliance judgment helps cross-border banking run smoothly and safely. You will guide teams through central bank rules review key documents and support accurate regulatory reporting. Your work will help reduce regulatory risk while enabling important client and business activity. You will partner closely with colleagues across operations compliance legal and technology in a collaborative environment. You will also help improve processes and share updates as regulations evolve.

As a Regulatory Compliance Associate in Payment Operations you will help ensure that cross-border capital and current account transactions follow Reserve Bank of India rules and the Foreign Exchange Management Act. You will be a go-to advisor for teams working on investments borrowings and account structures that fall under central bank requirements. You will review documentation support required filings and help keep regulatory records accurate and complete. You will work with multiple teams to resolve questions and close gaps in data or documentation. You will also help update procedures train teams and strengthen day-to-day controls.

Job responsibilities

• Advise teams on how to handle cross-border capital and current account transactions in line with Reserve Bank of India rules and the Foreign Exchange Management Act
• Guide business partners and clients on how transactions can be structured under applicable central bank frameworks (including foreign direct investment overseas direct investment and external commercial borrowings)
• Explain regulatory updates in clear language and share what changes for day-to-day processing
• Review documentation and confirm required checks and filings are completed
• Approve key documents for capital account transactions where required
• Oversee the setup and ongoing maintenance of regulated account arrangements (including liaison/branch/project offices Special Non-Resident Rupee accounts and escrow accounts)
• Support current account processing for trade-related activity including remittances and export/import payments and settlements
• Deliver timely regulatory reporting through the Export Data Processing and Monitoring System and Import Data Processing and Monitoring System
• Manage required filings to regulators (including Foreign CurrencyGross Provisional Return Foreign CurrencyTransfer of Shares overseas direct investment forms and external commercial borrowing returns)
• Partner with internal teams and external stakeholders to fix breaks resolve discrepancies and improve data accuracy in regulatory systems
• Improve internal procedures and standard operating procedures and run training sessions to build awareness and reduce compliance risk

Required qualifications capabilities and skills

• Minimum Bachelor Degree
• Minimum 8 years of relevant experience in banking regulatory compliance or consulting focused on capital and current account transactions and Reserve Bank of India regulations
• Strong working knowledge of the Foreign Exchange Management Act and Reserve Bank of India rules for cross-border transactions across key products such as foreign direct investment (FDI) overseas direct investment (ODI) external commercial borrowings (ECB) liaison/branch/project offices Special Non-Resident Rupee accounts and escrow arrangements
• Working knowledge of trade-related regulatory reporting and monitoring requirements including the Export Data Processing and Monitoring System and
• Import Data Processing and Monitoring System and rules on export of goods and services
• Proven ability to interpret regulations and provide clear workable guidance
• Strong communication skills and comfort working with senior stakeholders and regulators
• Strong attention to detail and high standards for documentation quality and reporting accuracy
• Ability to manage multiple priorities in a fast-paced changing environment
• Experience supporting regulatory inspections and audits
  

Preferred qualifications capabilities and skills

• Additional certifications in compliance international banking or related areas